# The Flaw That Drained $38M in Bitcoin in 25 Minutes | CoinDesk Daily

Page: https://stenobird.com/podcast/coindesk-podcast-network-334494/the-flaw-that-drained-38m-in-bitcoin-in-25-minutes-coindesk-daily
Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/the-flaw-that-drained-38m-in-bitcoin-in-25-minutes-coindesk-daily.md
Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494)
Published: 2026-07-31T17:47:00+00:00
Episode link: https://traffic.megaphone.fm/CDI6955138695.mp3
Audio file: https://traffic.megaphone.fm/CDI6955138695.mp3
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JSON: https://stenobird.com/v1/public/podcasts/coindesk-podcast-network-334494/episodes/the-flaw-that-drained-38m-in-bitcoin-in-25-minutes-coindesk-daily
Duration seconds: 102

## Resource

594 Bitcoin gone. A flaw in how Coldcard hardware wallets generated their keys let an attacker sweep roughly 594 bitcoin — about $38 million — from around 500 wallets in just 25 minutes. The bug traces back to a March 2021 firmware update. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. - Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings. Perfect 8 year track record of keeping clients assets safe. Don't sell your bitcoin. Get a bitcoin-backed loan. Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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