Galaxy Research confirms 1,367 BTC worth $88.6M was drained from Coldcard Mk3 wallets via a firmware RNG flaw across three coordinated attack

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.

Coinkite warns Coldcard Mk3 owners of a seed generation risk after reports of $38 million in bitcoin leaving old wallets.

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