A Coldcard firmware flaw weakens wallet seed generation across five models, while Galaxy links a 1,196-address, $70.2 million sweep to the bug.

Bitcoin security experts said the unexplained $38 million wallet drain may involve flawed seed-generation entropy, though the cause and any Coldcard link remain unconfirmed.

A hardware wallet randomness bug turned “impossible to guess” seeds into guessable ones, and $38 million is already gone.

Over $70 million in Bitcoin has been pinched. Coldcard has since urged its users to take precautions.