Coldcard Hack Drains $88.6M in BTC, Sparks Concerns Over LLM Threats

rickasaurus · x · 2026-08-02

A third wave of hacks targeting Coldcard-generated crypto addresses has been identified, with an estimated 1,367.05 BTC ($88.6m) drained across 4,585 addresses.

Commenting on the incident, a developer expressed concerns that LLMs might make such security endeavors impossible due to exponentially rising hack potential. They argued for shifting funds to systems requiring bio-verification for changes.

Related event: Coldcard Vulnerability Leads to ~$90M Theft; Claude Code Reproduces in 8 Minutes(9 posts)→

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