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Bitcoin Red Team secures over $40,000 in funding from OpenSats to audit Bitcoin projects, revealing thousands of vulnerabilities.

PRIVATEAug 06, 2026•3 days ago

Amount Raised

$40,000

Round Type

Pre-Seed

Security

Investors

Open Sats

Description

The Bitcoin Red Team, a grassroots initiative, has conducted an extensive security audit of nearly 400 Bitcoin projects. This effort was funded by OpenSats after a serious firmware vulnerability was discovered in Coldcard wallets. The team, comprising 16 volunteers, found over 4,900 security issues. The funding will support further security measures and open-source efforts.

Company Information

Company

Bitcoin Red Team

About

The Bitcoin Red Team is a grassroots security initiative aimed at identifying vulnerabilities in Bitcoin-related projects. A group of volunteers utilizes AI technology to perform rapid audits of open-source code. Their efforts are driven by the need to improve security following significant financial losses due to vulnerabilities in hardware wallets. The initiative emphasizes the importance of third-party security audits in the cryptocurrency space.

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