AI-Driven Hack Drains $1.6M from Canadian Trader's ColdCard Wallet

A Canadian Bitcoin trader has lost nearly $1.6 million CAD after hackers exploited a vulnerability in the ColdCard hardware wallet's 2021 code to brute-force his seed phrase.

The attack occurred on July 29, and Jonathan Goodman reported the loss of 18.25245043 BTC. According to reports, the hackers used AI to target an offline device stored in a safety deposit box.

This incident highlights the impact of AI on hardware wallet security and has implications for broader Bitcoin price prediction models that consider rising custody risks during potential market downturns.

The current Bitcoin price is testing the lower Bollinger Band support near $62,226 while the EMA50 resistance sits at $64,014.47. The MACD also confirms a death cross, suggesting continued downward pressure before any relief toward the upper band at $65,224.