Crypto News1 MIN READ
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594 BTC Gone in 25 Minutes: The Coldcard Flaw That Made Seed Phrases Guessable
FG
FOMOGRAM Editorial Desk
Aug 1, 2026
EXECUTIVE SUMMARY
A firmware bug from March 2021 let an attacker drain $38 million from around 500 Bitcoin wallets. Here is what broke, who is exposed and what to do now.
A firmware bug from March 2021 let an attacker drain $38 million from around 500 Bitcoin wallets. Here is what broke, who is exposed and what to do now.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
A significant firmware flaw in Coldcard wallets has led to the theft of 594 BTC, raising concerns about the security of Bitcoin wallets and potentially impacting market confidence.
CRYPTO LIVE SENTIMENT: -85 / 100 • BULLISH
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