Coldcard Urges Users to Move Bitcoin Amid Ongoing Wallet Exploit

Coldcard, a well-known manufacturer of hardware Bitcoin wallets, has issued an urgent warning to its users to move their Bitcoin holdings. The company confirmed that a security flaw behind an active exploit continues to affect certain models and firmware versions of Coldcard wallets. This vulnerability has been associated with losses estimated at around $114 million. Coldcard has not disclosed specific technical details of the flaw but emphasizes that the exploit remains live, posing a risk to affected users.

The company recommends that users immediately transfer their Bitcoin to secure, unaffected wallets to mitigate potential losses. Coldcard is working on a firmware update to address the issue, but until it is released and applied, users are advised to take precautionary measures.

This ongoing exploit highlights the importance of regular firmware updates and security vigilance among hardware wallet users. As the situation develops, Coldcard and security researchers continue to monitor the vulnerability, but affected users are urged to act swiftly to protect their assets.