coin-img-BTCBTC-3.03%coin-img-SOLSOL-1.95%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-2.70%coin-img-UBOXUBOX-47.14%coin-img-HYPEHYPE+0.51%coin-img-BNBBNB-0.65%coin-img-ETHETH-2.71%coin-img-BTCBTC-3.03%coin-img-SOLSOL-1.95%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-2.70%coin-img-UBOXUBOX-47.14%coin-img-HYPEHYPE+0.51%coin-img-BNBBNB-0.65%coin-img-ETHETH-2.71%coin-img-BTCBTC-3.03%coin-img-SOLSOL-1.95%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-2.70%coin-img-UBOXUBOX-47.14%coin-img-HYPEHYPE+0.51%coin-img-BNBBNB-0.65%coin-img-ETHETH-2.71%coin-img-BTCBTC-3.03%coin-img-SOLSOL-1.95%coin-img-USDCUSDC+0.01%coin-img-XRPXRP-2.70%coin-img-UBOXUBOX-47.14%coin-img-HYPEHYPE+0.51%coin-img-BNBBNB-0.65%coin-img-ETHETH-2.71%

ALERT: 594 BTC ($38M) drained from 500 COLDCARD hardware wallets in 25 minutes, tied to private-key generation flaw

AI Market Summary
Reports allege 594 BTC (~$38M) was drained from ~500 Coldcard hardware wallets within 25 minutes, attributed to a private-key generation flaw tied to firmware v4.0.0 (March 2021). If substantiated, this is a material custody and operational-risk shock that can pressure near-term crypto sentiment, increase scrutiny of self-custody practices, and drive temporary risk-off positioning in Bitcoin-linked markets.
Impact level
● High
Affected assets
BTC/USDT-3.06%
AI Insight · BTC/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
ALERT: Attackers drained 594 BTC (about $38 million) from roughly 500 COLDCARD hardware wallets over a 25-minute period. The losses are linked to a vulnerability in the device's private key generation process, traced to firmware version 4.0.0 released in March 2021.
Selected
BTC
BTC-3.03%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.