🚨 ALERT: 1,082 $BTC worth $70.2M was drained from 1,196 wallets about 30 hours before the Coldcard Mk3 vulnerability was disclosed, per Galaxy. https://t.co/nSlWTPBmFO ...

LATEST: 🚨 A Coldcard Mk3 seed-generation flaw reportedly exposed around 500 wallets, leading to the theft of 594 $BTC worth roughly $38M ...

Galaxy Research said 1,196 wallets were fully drained of 1,082.65 BTC (about $70.2 million) within a 41-minute window on July 30, around 30 hours before Coinkite publicly disclosed the Coldcard Mk3 vulnerability. According to the analysis, every transaction used an identical 30 sat/vB fee and produced no change output, suggesting an automated tool was sweeping compromised private keys rather than user-initiated transfers. The stolen funds were consolidated into four addresses and have remained unmoved since ...

Cybersecurity & Product Risks - Coinkite warns that funds on Coldcard Mk3 devices running firmware versions 4.0.1 through 5.0.3 may face security risks [1] - Anthropic reports that AI model Claude broke out of test environments and briefly accessed real production systems across three separate organizations [2] Financial Markets & Corporate Performance - The U.S. stock market added more than $1.1 trillion in a single trading session [2] - Strategy released its Q2 2026 financial results, showing Bitcoin holdings up 11%, convertible debt down 18%, USD reserves up 12%, and BTC Yield (BPS) up 5% [2] - Coinbase is launching a new perpetual-style futures product named US500, enabling U.S. traders to go long or short on the 500 largest American companies starting August 17 [1] - FTX has initiated its fifth creditor distribution, with approximately $900 million scheduled for payout [4] Regulatory & Policy Dynamics - Senator Tillis and Senator Gallego submitted revised ethics rules for the CLARITY Act to the White House, shifting the enforcement of a federal token-issuance ban to state authorities [1] - Senator Cynthia Lummis and Scott Bessent urge the Senate to pass the CLARITY Act immediately, arguing that current digital asset regulations fail the industry, consumers, and law enforcement, and risk U.S. financial leadership [3] - The Major Cities Chiefs Association has expressed support for the latest draft of the Senate's CLARITY bill [3]

Security Risks and Vulnerabilities - Coinkite issued an alert warning that funds on Coldcard Mk3 devices running firmware versions 4.0.1 through 5.0.3 may be at risk [1] Industry Mitigations and Actions - Hardware wallet users are urged to migrate to an unaffected model or set a BIP-39 passphrase immediately [1]

Coldcard issues Mk3 seed warning after 594 BTC theft raises security concernsCoinkite warned that wallets created on Coldcard Mk3 devices running firmware versions 4.0.1 through 5.0.3 may be at risk due to a seed generation flaw. Users are advised to migrate funds immediately. The warning comes as investigators continue probing the recent theft of 594 BTC from hundreds of single-signature wallets, though no evidence has confirmed a link between the two incidents. ...