Coldcard wallet losses may near $114 million as possible fourth sweep emerges

CoinDesk·

Coldcard wallet losses may near $114 million as possible fourth sweep emerges

60-second summary

Coldcard wallet users face potential losses nearing $114 million as a possible fourth sweep emerges, with pending transactions signaling replace-by-fee. Those whose addresses appear in the mempool have minutes to pay a higher fee and move funds first to avoid being replaced. This situation poses a significant risk to Coldcard users, underscoring the importance of timely action and security measures.

The pending transactions signal replace-by-fee, so anyone who spots their address in the mempool has minutes to pay a higher fee and move funds first.