Bullish
Coldcard Bitcoin Losses Surpass $115M Following Firmware Exploit
16:56
Over $115M in BTC drained from Coldcard wallets via firmware flaw since July 30. Initial $70.2M wave hit within 41 minutes, affecting 8,680 addresses.
Woofun AI data shows that Bitcoin losses associated with the hardware wallet Coldcard have exceeded $115 million. Since July 30, 1,778.58 BTC from 8,680 addresses have been moved out of custody. The initial attack wave caused $70.2 million in losses within 41 minutes, representing 61% of the total stolen value. Galaxy Research indicated that all compromised BTC was minted after the firmware vulnerability was disclosed in March 2021, and over 200 victims have been contacted.
WOOFUN AI
Impact Assessment · Quick Read
The scale of this exploit highlights persistent risks in hardware wallet security, particularly regarding firmware vulnerabilities. With over $115M lost, this incident may trigger broader scrutiny of cold storage protocols and user verification processes. The concentration of losses in a short timeframe suggests automated exploitation, potentially impacting market sentiment around hardware wallet adoption.
Generated by WOOFUN AI · For reference only, not investment advice
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