$38M in Bitcoin Drained by Coldcard Key Flaw Its Maker Thinks AI Found

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$38M in Bitcoin Drained by Coldcard Key Flaw Its Maker Thinks AI Found

60-second summary

Coinkite's Coldcard wallet maker is investigating a potential security breach after $38 million in Bitcoin was drained from users' wallets. The company believes an attacker used AI to review previous versions of its open source firmware, uncovering a vulnerability. This highlights the growing threat of AI-powered attacks in the cryptocurrency space, raising concerns about the security of decentralized wallets.

Coinkite said it’s likely that an attacker used AI to review previous versions of its open source firmware to uncover a vulnerability.