Coldcard Flaw Exposes Millions in Bitcoin, Ledger and Trezor Reassure Safety

A security flaw in the Coldcard hardware wallet allowed hackers to steal approximately 38 million BTC. The hack was facilitated by the vulnerability, which led to unauthorized access to user accounts.

Ledger and Trezor, two prominent cold storage solutions, have assured users that their funds are safe following the incident. However, they acknowledged the risk posed by the Coldcard flaw.

The hackers exploited the weakness in the Coldcard wallet's software, which was discovered through a publicly disclosed exploit. This exposed user accounts to unauthorized access and enabled the theft of significant amounts of cryptocurrency.