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Coldcard $112M Breach, Solana Outage & Harmony Rollback | Aug 15
Audio is available on Spreaker — see link below.
A five-year-old Coldcard firmware bug drained $112.7M from 8,600+ Bitcoin addresses using AI-accelerated pattern recognition — today's crypto market briefing also covers a Solana validator outage, Harmony's blockchain rollback, a Fed rate reversal, and EU platform ban deadlines. Fast, factual, no hype.
Audio is available on Spreaker — see link below.
A five-year-old firmware bug just drained one hundred and twelve point seven million dollars from over eighty-six hundred Bitcoin addresses. And the wallets were air-gapped.
The AI angle here isn't incidental. Attackers operated with unrestricted models.
The Coldcard breach isn't the only infrastructure story this week. On August twelfth, a BGP routing failure at infrastructure provider Teraswitch took roughly ninety Solana validators offline for thirty-three minutes.
Harmony blockchain is taking a different kind of emergency action. An August eleventh incident minted approximately four billion forged ONE tokens, equal to roughly twenty-five percent of existing supply.
On the macro side, the rate picture shifted sharply this week. Fed rate-hike odds fell from fifty percent to twenty-five percent after the sharpest monthly retail sales drop in over a year.
Two regulatory points worth tracking. The EU hard deadline for banning fourteen crypto-asset platforms lands August twenty-third.
The near-term watchpoints are clear. Coldcard migration completion rate.
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