AI Identifies Coldcard Vulnerability, Leading to $70M BTC Theft

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Vulnerability news emerged as developers using Claude Code identified a flaw in Coldcard’s firmware within eight minutes. The issue involved a software-based pseudo-random number generator used in private key generation, resulting in a $70 million BTC loss from 1,196 wallets. The flaw had existed for over five years. A separate scan using Zhipu GLM 5.2 confirmed the same vulnerability.

Developers used Claude Code to scan the Coldcard open-source firmware and identified within 8 minutes that the firmware invoked a software pseudo-random number generator instead of a hardware true random number generator when generating private keys—a vulnerability that led to the theft of approximately $70 million in BTC across 1,196 wallets. A community user independently discovered the same vulnerability using Zhipu GLM 5.2; the flaw had existed in the open-source wallet code for over five years.

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