A critical vulnerability in the Coldcard Bitcoin hardware wallet has been disclosed, allowing attackers to systematically deduce mnemonic phrases from affected offline wallets. This flaw has reportedly led to the theft of over 1,755 Bitcoin, valued at approximately $110 million, from around 5,000 compromised wallets as of August 3rd. The device manufacturer, Coinkite, has acknowledged the issue and released a firmware update to address it, urging users to update their devices promptly. This incident highlights ongoing security challenges within the cryptocurrency space, with global crypto theft reaching a record $972 million in the first half of the year. AI
RANK_REASON Disclosure of a security vulnerability in a specific hardware product.
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