General
Binance TH Issues Warning Over Cold Card Wallet Vulnerabilities
Binance TH has alerted users to security vulnerabilities in Cold Card wallets following reports of significant Bitcoin losses.
Security Alert: Cold Card Wallet Vulnerabilities
According to a report by Matichon Online published on August 2, 2026, Binance TH has issued a formal warning to its users regarding the use of Cold Card wallets. The advisory follows the discovery of critical security vulnerabilities that have reportedly led to the theft of Bitcoin, with total losses exceeding 70 million USD.
What This Means for You
For residents and expatriates in Thailand who utilize cryptocurrency hardware wallets for asset management, this development highlights the importance of verifying the security status of specific storage devices. If you currently use a Cold Card wallet, it is advisable to monitor official security updates and consider alternative storage methods until the nature of the vulnerability is fully addressed by the manufacturer.
Current Status
While the scale of the financial impact is significant, the technical details regarding the specific nature of the exploit remain under investigation. Users are encouraged to exercise caution and remain vigilant against potential phishing attempts or unauthorized access to their digital assets. As of now, there is no confirmation on whether a patch or firmware update will mitigate the risk, nor have there been specific details released regarding the recovery of the stolen funds. Please continue to follow official channels for further updates regarding this security incident.
Translated from Thai.
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