Hasib Qureshi, Managing Partner of the Dragonfly venture Fund, discussed issues of modern cybersecurity. The expert considers code protection to be a matter of financial expenses for vulnerability scanning. Attackers actively use neural networks, speeding up the search for errors in the source code. Developers have to spend comparable amounts of money conducting preventive checks of their own products. Qureshi analyzed in detail the recent vulnerability of Coinkite's popular hardware wallets. A network user tested the GLM 5.2 neural network by disabling Internet access. The model successfully detected a known error after spending only twenty minutes of work. The expert converted this time into a monetary equivalent using Zhipu AI tariffs. The total cost of checking the code was approximately two American dollars.

Analysts at the research company Galaxy Research continue to study the scale of recent attacks. Experts have identified at least fifteen different attackers who took advantage of the vulnerability. The picture of the incident developed gradually, differing from the hacking of centralized trading platforms. Alex Thorne, head of research, noted the importance of messages from affected users. Information about the theft of less than one bitcoin helped to detect a new wave of attacks. The attackers successfully withdrew twelve coins, emptying one hundred and twenty-six addresses. The losses from the three confirmed waves reached one hundred million US dollars. The total amount of damage may increase, given the expected fourth wave of theft. The total financial losses of the affected holders can reach one hundred and thirty million.

On the night of the thirty-first of July, hackers stole almost six hundred bitcoins from users. Holders began to transfer funds en masse, avoiding sending them to trading platforms. Analysts of the Glassnode platform drew attention to this abnormal network activity. Users prefer to create new wallets, ensuring reliable storage of their savings. Trezor and Foundation hardware manufacturers have issued important warnings to customers. Companies have recorded an increase in phishing mailings exploiting the recent Coldcard incident. Scammers are trying to force owners to transfer funds to fake online resources. Brand representatives recalled the basic rules that protect against social engineering methods. Backups must be entered exclusively on physical devices, ignoring emails.