Potential Losses From Coldcard Bitcoin Hack Near $114 Million
The incident centers on Coinkite's Coldcard, a Bitcoin hardware wallet, and a series of on-chain movements that observers believe drained value from affected devices. Reporting from CoinDesk indicates losses may near $114 million as a possible fourth sweep of funds emerged.
The incident centers on Coinkite's Coldcard, a Bitcoin hardware wallet, and a series of on-chain movements that observers believe drained value from affected devices. Reporting from CoinDesk indicates losses may near $114 million as a possible fourth sweep of funds emerged.
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The Coldcard Bitcoin hack, with potential losses nearing $114 million, raises significant security concerns, likely leading to reduced confidence in Bitcoin custody solutions.
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