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Coldcard Losses Hit $114M as Bitcoin Transfers Plummet

August 3, 202607:15 AM
Coldcard Losses Hit $114M as Bitcoin Transfers Plummet

Coldcard wallet has suffered losses approaching $114 million in a coordinated attack, as Bitcoin transfers under 1 BTC reached levels not seen since the days following the FTX collapse. Galaxy Research has flagged a likely fourth wave of thefts targeting the cryptocurrency ecosystem. This incident occurs at a time of growing concern over hardware wallet security, with small transfers potentially indicating money laundering attempts or efforts to disperse stolen funds. The Bitcoin community is on high alert as experts warn that new vulnerabilities may be exploited by organized hacking groups.

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

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