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Coldcard Attacker Steals $30M in 10 Minutes by Targeting Big Wallets

July 31, 202606:17 PM
Coldcard Attacker Steals $30M in 10 Minutes by Targeting Big Wallets

A devastating attack on Coldcard wallets resulted in the theft of approximately $30 million in just 10 minutes, as revealed by Chainalysis. The attacker employed a strategy of prioritizing wallets with the largest balances, maximizing the attack's profit in record time. Blockchain analysis shows that the breach affected over 500 wallets, exposing critical vulnerabilities in the device's firmware.

This incident highlights lasting risks for seeds created on vulnerable firmware and raises serious questions about the security of Coldcard hardware wallets. The Bitcoin community is on alert for potential similar attacks, while experts recommend immediate updates and review of cryptocurrency storage practices. The total value of the sweep exceeded $38 million, positioning this among the largest targeted hardware wallet thefts in recent history.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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