Coldcard Users Urged to Move Funds After Security Alert

Security experts at Galaxy identified a major concern regarding specific Coldcard hardware wallets. They successfully traced over 1,300 BTC that moved across thousands of addresses. This activity highlights a potential security weakness that puts current holdings at risk.

If you use a Coldcard device, the current recommendation is to act quickly. Experts advise moving your funds to a fresh wallet with a completely new seed phrase. Do not reuse your existing recovery words, as they may no longer be considered secure.

This situation serves as a firm reminder to stay updated on hardware wallet security. Keeping your private keys safe is the most important part of self custody. Monitor your wallet status and ensure your funds are stored on devices that follow modern security standards.