In the lastest Bitcoin news today, A volunteer security effort called Bitcoin Red Team, led by Bitcoin developer Calle and Rob Hamilton, CEO of AnchorWatch, filed 4,962 findings across 390 open-source Bitcoin repositories in the first 27.5 hours of operation, identifying 85 critical and 635 high-severity issues, according to a Bitcoin Magazine report published August 5, 2026. The audit was funded through more than $40,000 in AI compute costs, covered by OpenSats, a 501(c)(3) nonprofit dedicated to open-source Bitcoin development. Bitcoin Red Team update: we've grown to 16 globally distributed people working 24/7 We're running a large-scale ecosystem security audit across bitcoin code bases. red teaming bitcoin: – we’ve written multiple harnesses and we’re launching a huge wave of reviews against many core bitcoin projects: crypto libs, wallets, infra, …– situation is extremely bad. Background: Coldcard Exploit as the CatalystThe Red Team effort launched directly in response to the Coldcard breach, in which attackers exploited a flaw in the wallet’s RNG to drain funds from MK3+ devices.