July 31, Coinkite warns Coldcard Mk3 users with firmware 4.0.1-5.0.3 to migrate funds due to seed phrase entropy flaw. Attackers moved 594.48 BTC ($38.3M) via 500 transactions in 3 blocks.
Only 3 times in Bitcoin’s ENTIRE history have short term holders capitulated at levels like these.
Each time, the bottom was near and Bitcoin went parabolic soon after.
Capitulation is bullish.
#Coldcard Mk3 seed phrase vulnerability
#Aave monthly active users hit record
#Solana institutional adoption grows
#BTC long-term holder SOPR below 1.0
#Apple earnings disappoint investors
$BTC : trendline REJECTION (so far).
The last 2 times this happened, it resulted in massive drawdowns.
Will it happen again?
#XRP price struggles amid rising on-chain activity
#Bitcoin price consolidation in triangle
#Coldcard Mk3 seed phrase vulnerability
#Abu Dhabi boosts Bitcoin ETF holdings
#MetaMask adds tokenized assets
Price is stabilizing after a heavy sell off.
MACD histogram is improving, showing momentum recovery.
Buyers are attempting to form a higher low.
Resistance: 0.00000287 → 0.00000292
Support: 0.00000276
Post:
PEPE is showing early signs of a comeback. The selling wave is slowing, and accumulation near lows suggests buyers are preparing for a possible breakout move. 🐸🚀
#AI agents drive Moltbook hype
#Cboe explores binary options revival
#Coldcard Mk3 seed phrase vulnerability
#Riot Platforms shifts to AI/HPC
$GOAT bouncing nicely from support with buyers protecting the downside.
Structure is improving and bulls are preparing for another attack on resistance.
Keep an eye on this one. 🐂🔥
#YC 2026 Spring RFS highlights AI-native sectors
#Riot Platforms shifts to AI/HPC
#AI agents enable autonomous blockchain access
#Coldcard Mk3 seed phrase vulnerability
⚡ COLD CARD ATTACK: $88.6M BTC STOLEN!
ACTION: OBSERVE – CHECK YOUR WALLETS
A suspected fourth wave of Coldcard attacks hit TODAY, with 388.93 BTC stolen in just 2.5 hours across 462 addresses . Total losses have now reached approximately 1,359.88 BTC (~$88.6 million) affecting over 4,500 addresses .
Key Details:
· Vulnerability: Weak pseudo-random number generator (PRNG) issue introduced after a March 2021 firmware update
· Sweep rate: Surged 45-fold from 0.3 to 13.8 per block
· Victims: Long-term holders — stolen funds had been dormant for over three years on average
Trading Setup – BTC/USDT (if market reacts):
Kigezo Thamani
ACTION OBSERVE / WAIT
ENTRY Watch for panic selling or on-chain migration activity
TP1 Monitor support at $63,000
TP2 Monitor resistance at $63,800
SL Tight stops if trading
LEVERAGE 1-2x
⚠️ MAELEZO: This is a self-custody security issue — not an exchange hack. While the event hasn't caused significant short-term BTC price impact, it has increased on-chain migration activity. If you hold BTC in older wallets, consider migrating to newer addresses .
#Coldcard Mk3 seed phrase vulnerability
#Wrench attacks surge in crypto security
#Bitcoin outperforms gold prediction
⚡ $ZEC is showing signs of accumulation after a healthy pullback. Strong buying interest near support suggests sellers are losing momentum.
If buyers reclaim the short-term resistance, a sharp breakout could follow. 👀
#Coldcard Mk3 seed phrase vulnerability
#OpenAI slashes AI model prices
#BitMine doubles down on Ethereum
#Bitcoin outperforms gold prediction
$IMU USDT has exploded higher, delivering one of the strongest gains on the board. Such sharp rallies often create excitement, but volatility also increases significantly. If buyers defend support after this powerful move, another breakout above resistance could extend the trend even further. However, traders should remain cautious because rapid gains are often followed by healthy corrections. Let price confirm strength before entering new positions. Support: 26.00 Resistance: 30.00 Next Target: 33.50. Protect profits and avoid overleveraging during high-volatility sessions.
#Hyperscale Data funds AI campus with BTC
🚀 $HYPE printing a massive bounce off local support!
After sweeping the lows near ~$52.86, price is pushing back hard over the lower Bollinger Band with a strong green expansion candle. The KDJ indicator is showing a fresh bullish cross at the bottom (K & J curling upward fast).
#Coldcard Mk3 seed phrase vulnerability
#Hyperscale Data funds AI campus with BTC
#Meta launches AI compute leasing
#Fed hawkish stance pressures crypto
#Stablecoin yield regulations debated
BLOCK WARNS COLDCARD VULNERABILITY MAY HAVE ENABLED ONGOING WALLET DRAINS Block says it began investigating reports of non-Bitkey wallets being remotely drained and identified two vulnerabilities affecting Coldcard Mk2, Mk3, Mk4, Q, and Mk5 devices at varying levels. According to Block, vulnerable firmware generated wallet seeds with far less randomness than intended, potentially making some wallets predictable to attackers. The company warns the attack is likely ongoing and says simply importing an affected seed into a different wallet does not eliminate the risk, as the seed itself remains compromised. Block says no Bitkey or other Block products are affected and that it disclosed its findings to Coinkite before publishing its report.
Just checked my wallets and all btc remains intact. -Cold card mk4 -Generated seed on device using the 24 word RNG in the menu It is very strange to me that some devices would have poor generation of keys while most devices’ keys are intact. There are definitely extra curricular activities to this story.
