Hackers Steal $130M Exploiting Coldcard Wallet Bug
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1h ago

Hackers Steal $130M Exploiting Coldcard Wallet Bug

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A security flaw in the cryptocurrency hardware wallet, Coldcard, has enabled hackers to steal over $130 million in crypto assets from victims. Blockchain monitoring firms have identified the vulnerability and quantified the losses.

A security vulnerability in the cryptocurrency hardware wallet Coldcard is allowing hackers to drain the crypto from victims’ wallets. According to blockchain monitoring firms, the total losses amount to more than $130 million.

The exploitation of this bug highlights a significant risk for users relying on hardware wallets for secure cryptocurrency storage. The precise nature of the vulnerability hasn't been detailed in the source, but it is enabling unauthorized access to funds held within the Coldcard devices. This incident underscores the ongoing challenges in securing digital assets and the potential for substantial financial losses due to security breaches.

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