AI-Driven Discovery Cracks Wallet Security at a Cost of Just $2

A recent discovery in the crypto hardware industry has raised concerns about security and the role of AI. A vulnerability was found in the Coldcard wallet, which could have allowed an attacker to extract private keys under certain conditions.

The flaw was discovered for a mere $2 using an AI model, and it took just 8 minutes to reproduce the issue with Claude Code. The discovery cost is estimated at around $2, according to Dragonfly Managing Partner Haseeb Qureshi.

This raises questions about the security of hardware wallets, which are supposed to be the last line of defense for serious crypto holders. The discovery also signals a shift in the economics of product safety testing, as AI models become increasingly capable and affordable.