Bitcoin Red Team Uncovers Over 5,000 Potential Issues in Ecosystem Review

A recent security audit conducted by the Bitcoin Red Team has uncovered nearly 5,000 potential issues in the Bitcoin ecosystem. The team of 16 volunteers used AI tools and human review to scan open-source repositories for vulnerabilities.

The launch of the security review campaign comes just days after a high-profile hack of the Coldcard hardware wallet, which resulted in over $100 million in Bitcoin stolen.

According to Calle, one of the team members, the group has found 4,962 potential issues across 390 projects in just 29.8 hours of operation. Of these findings, 720 are considered high- or critical-level issues.

Calle noted that the team is averaging 'on the order of 1 critical exploit per hour per person.' So far, 21.4% of findings have been able to be reproduced.