Coldcard Ships Firmware Patch After $114M Bitcoin Hack
Coldcard rolled out new firmware following a $114 million heist, using AI to catch extra bugs while warning that burned wallets are still unsafe.
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Key takeaways
- Coldcard released a firmware patch following a three-week code review.
- Developers used AI tools during the review to hunt down extra, unrelated bugs.
- Updating firmware will not make an already compromised wallet safe.
Coldcard just pushed a fresh firmware update on the heels of a massive $114 million Bitcoin heist, leaning on artificial intelligence to help hunt down extra code flaws during a three-week security audit.
AI-assisted bug hunt
That three-week code review turned up a handful of secondary problems, though they were unrelated to the main vulnerability that caused the $114 million loss. Coldcard stated that AI tools helped developers spot and fix those extra bugs during the sweep.
Here's the catch, though. Flashing your device with the latest firmware won't magically secure a wallet that was already compromised. The patch repairs internal software flaws, but it can't undo a breach that already happened.
Why it matters
If you keep Bitcoin on a hardware wallet, don't rely on software patches to fix an active security breach. Firmware updates stop future exploits; they can't rehabilitate burned keys. If your setup got exposed during this incident, generate a fresh seed phrase on a clean device and move your funds immediately.
Source: CoinDesk
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Priya Nair
Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
