Bitcoin Cold-Wallet Attack Spreads to 4,500 Addresses as Losses Approach $89 Million

A Bitcoin cold-wallet vulnerability has reached a critical scale, with 4,500 addresses compromised and losses approaching $89 million. Galaxy Research has identified a third wave of attacks exploiting weak keys generated by Coldcard, a popular hardware wallet in the cryptocurrency ecosystem. The attack has evolved strategically, with the perpetrator now targeting smaller balances and changing the method of fund collection on the blockchain. This development represents a significant challenge for hardware wallet security and serves as a stark warning to the crypto community about the urgent need for firmware updates and more robust storage practices.
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