Coldcard Wallet Flaw Cost AI Just $2 to Find, Dragonfly’s Qureshi Says

A vulnerability in the Coldcard hardware wallet, discovered by an AI model for roughly $2, is forcing a rethink of security economics across the crypto hardware industry.

The flaw, which could have allowed an attacker to extract private keys under certain conditions, was found with startling ease and minimal cost.

According to a market update from WuBlockchain, Dragonfly Managing Partner Haseeb Qureshi shared details of the incident, noting that it shows how AI is reshaping the economics of product safety testing.

He introduced what he calls a “Cost of Discovery” metric, which measures how cheaply a frontier model can reproduce a vulnerability. The $2 Discovery Qureshi estimated the Coldcard flaw’s discovery cost at around $2.