Major bitcoin wallet flaw drains 594 BTC in 25-minute sweep

CryptoInfo Editorial Team · Published on July 31, 2026 at 05:12 · Updated on July 31, 2026 · 1 min read

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Key Takeaways

→A bitcoin wallet flaw has resulted in the theft of 594 BTC
→The flaw was caused by a hardware wallet randomness bug
→The stolen bitcoin is valued at $38 million

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

A major flaw in a bitcoin hardware wallet has been exploited, resulting in the theft of 594 BTC, valued at $38 million, in a 25-minute sweep. The issue was caused by a randomness bug that turned supposedly unguessable seeds into guessable ones.

According to reporting from CoinDesk, this bug has already led to significant financial losses. The incident highlights the importance of robust security measures in cryptocurrency wallets.

Source: CoinDesk ↗

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