NewzCanadian company Coinkite acknowledged on Tuesday that AI-assisted code reviews failed to detect a critical security vulnerability in its Coldcard cryptocurrency wallets. The flaw has resulted in the theft of over 100 million US dollars worth of bitcoin.
The incident highlights significant concerns regarding the limitations of artificial intelligence in software auditing and code security. The breach involving Coldcard wallets underscores the persistent risks facing hardware cryptocurrency storage solutions and the potential blind spots in modern automated code review processes.
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