Cybercriminals have exploited a software vulnerability in Coldcard hardware wallets to drain approximately $110 million in Bitcoin, according to reports.
The attackers are believed to have leveraged artificial intelligence tools to identify and execute the exploit at scale, marking a significant escalation in the technical capabilities of crypto-focused hacking groups.
The breach targets Coldcard, a brand known for its focus on security and offline storage for digital assets.
The use of AI to automate the identification of software flaws suggests a shift in how threat actors operate, moving from manual discovery to rapid, algorithmic exploitation of vulnerabilities.
This development raises immediate questions about the resilience of hardware wallet ecosystems against increasingly automated attacks.
The incident comes as the broader cryptocurrency sector faces heightened scrutiny over security risks.