Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit

Bitcoin Magazine

Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit

Rallied by the recent, catastrophic vulnerability in Coldcard hardware wallets, exploited to the tune of over $100 million, the Bitcoin community has rallied to prevent future critical bugs in the industry’s open source software.

PSA: Any users of Coldcard wallets that have not migrated their bitcoin to new seeds generated in secure firmware are still at risk. It may not be too late to act; see advisory on the matter. 

Led by Calle, software engineer, avid vibe coder and creator of the Android version of Bitchat, and Rob Hamilton, the CEO of Anchorwatch a Bitcoin self-custody insurance company, the Bitcoin Red Team has now secured funding, with over $40,000 spent in AI tokens to audit over 390 Open Source repositories across Bitcoin.

Colloquially called the “Bitcoin Red Team”, with memes about Rob Hamilton and Calle now being the CEO and CTO of Bitcoin, this AI-driven security audit is having a serious impact across the industry. Just a few days ago, buried in the news of ongoing thefts of bitcoin from MK3+ Coldcards due to an RNG bug, Boltz exchange announced it would be pausing operations to catch up with AI-driven hacking attempts. 

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