Bitcoin losses linked to Coldcard vulnerability grow to $70 million, Galaxy Research says
The Block·
60-second summary
Galaxy Research reports nearly 1,200 addresses drained of over 1,000 BTC, worth roughly $70 million, linked to a Coldcard vulnerability. This significant loss is attributed to a security breach that exploited the hardware wallet's vulnerability, compromising user funds. The incident highlights the importance of secure wallet management in the cryptocurrency market.
Galaxy said nearly 1,200 addresses were drained of more than 1,000 BTC worth roughly $70 million tied to a Coldcard vulnerability.