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Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit

August 5, 2026Updated:August 6, 2026No Comments4 Mins Read
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Bitcoin Red Team Finds 85 Critical Flaws Across 390 Open Source Repos After Coldcard Exploit
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Rallied by the latest, catastrophic vulnerability in Coldcard {hardware} wallets, exploited to the tune of over $100 million, the Bitcoin neighborhood has rallied to forestall future crucial bugs within the business’s open supply software program.

PSA: Any customers of Coldcard wallets that haven’t migrated their bitcoin to new seeds generated in safe firmware are nonetheless in danger. It is probably not too late to behave; see advisory on the matter. 

Led by Calle, software program engineer, avid vibe coder and creator of the Android model of Bitchat, and Rob Hamilton, the CEO of Anchorwatch a Bitcoin self-custody insurance coverage firm, the Bitcoin Pink Staff has now secured funding, with over $40,000 spent in AI tokens to audit over 390 Open Supply repositories throughout Bitcoin. 

Colloquially known as the “Bitcoin Pink Staff”, with memes about Rob Hamilton and Calle now being the CEO and CTO of Bitcoin, this AI-driven safety audit is having a critical influence throughout the business. Just some days in the past, buried within the information of ongoing thefts of bitcoin from MK3+ Coldcards resulting from an RNG bug, Boltz alternate introduced it could be pausing operations to meet up with AI-driven hacking makes an attempt. 

“27.5 hours in, we’ve filed 4,962 findings throughout 390 tasks. 85 crucial and 635 excessive severity points. We’re at 2.31 h+c findings per particular person per hour,” stated Calle in the latest replace on Pink Staff efforts to shore up the business’s cybersecurity.

The Pink Staff safety assessment effort is utilizing fashions like Kimi K3, GPT Sol, Fable, Opus and GLM5.2, a few of the costliest and cutting-edge fashions out there. At first, entry to OpenAI and Anthropic fashions was restricted, resulting in an over-reliance on Chinese language open-source fashions, a reality which many within the business lamented and noticed as a nasty omen for U.S. AI dominance. However because the Pink Staff challenge grew in affect since final week’s Coldcard hack, connections have been established and confirmed with OpenAI, giving Pink Staff entry to GPT Sol. Hamilton’s point out of Fable in his August 4 tweet suggests entry to Anthropic has additionally been established.

Bills which have been final tallied at over $40,000 have been lined by OpenSats, a non revenue 501c3 group devoted to funding open supply Bitcoin growth tasks. The Bitcoin Pink Staff doesn’t presently have an internet site or a GitHub repository to hyperlink to, however the crew is made up of many people throughout the Bitcoin business. People publicly thanked for his or her assist embody however should not restricted to danielabrozzoni, lylepratt, stutxo, benthecarman, thesimplekid. 

Hamilton shared {that a} customized harness has been constructed and is evolving shortly. Made up at one level of 171,599 strains of code, the harness is designed to establish and check crucial Bitcoin software program libraries and high-load-bearing code, establish and doc vulnerabilities, reproduce them and package deal the confirmed knowledge into helpful stories. Finally delivering the knowledge responsibly to engineers within the business. Hamilton additionally shared that Pink Staff intends to open supply the harness such that Bitcoin firms can run it towards their closed-source code. 

Pink Staff is actively reaching out to related open supply tasks with crucial vulnerabilities found, resulting in a broad sense of dread from engineers within the business after they obtain chilly direct messages from Hamilton or Calle, as seen in numerous humorous screenshots shared on social media.

https://x.com/callebtc/standing/2085035257477190080 

Among the many key insights shared by Pink Staff publicly as this AI-driven safety replace of Bitcoin FOSS takes place, Hamilton shared that engineers with particular material may generally yield high-value outcomes from the Harness, which could in any other case “odor out one thing is unsuitable,” however is likely to be lacking area of interest context. An perception which speaks to the significance of getting human intelligence and expertise work hand in hand with the AI to effectively establish crucial vulnerabilities.

Hamilton additionally ended a multi-day Pink Staff effort after the Coldcard hack with some private notes. He stated that the found vulnerability in Coldcard random quantity mills and consequent exploitation of the bug by hackers had been a “religious assault” on Bitcoin and the self-custody ethos of the business, “I imply that within the literal sense of the phrases”. After expressing grief for the losses skilled by many Bitcoiners throughout this now historic hack, Hamilton closed his tweet with a tone of hardened decision:

“Whereas issues should not simple proper now. I’ve the best conviction ever in my life that the concept and expertise of Bitcoin is price preventing for. To that finish. There isn’t any Bitcoin with out self-custody. That is non-negotiable.”



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