🚨Hackers Steal $130M From Offline Coldcard Wallets
Offline wallets aren't safe from hackers anymore
TL;DR
Hackers have stolen over $130 million from Coldcard hardware wallets, exploiting a flaw in seed phrase generation. This is not the first large-scale crypto hack this year.
Hackers are stealing cryptocurrency from supposedly secure offline Coldcard hardware wallets, totaling around $130 million so far. The attack highlights vulnerabilities even in offline storage solutions, as hackers found a way to brute-force and generate users' seed phrases. This flaw dates back to 2021 but was only recently exploited on a large scale. Over 200 hacks this year have resulted in over $950 million in losses.
Key Points
Hackers targeted Coldcard hardware wallets, stealing over $130 million in cryptocurrency.
At least 12 different hackers are involved in the ongoing attack on Bitcoin owners using Coldcard wallets.
The total amount stolen so far is around $130 million from Coldcard users alone.
Over 200 hacks have targeted crypto companies this year, resulting in over $950 million in losses.
Coinkite has urged users to update their devices and migrate to new seed phrases due to the vulnerability.
Why It Matters
If you're storing cryptocurrency offline with Coldcard wallets, your funds are at risk. The flaw allows hackers to brute-force seed phrases without physical access. Coinkite's urgent updates are crucial for anyone using Coldcard hardware.
Frequently Asked Questions
Why does this matter?
If you're storing cryptocurrency offline with Coldcard wallets, your funds are at risk. The flaw allows hackers to brute-force seed phrases without physical access. Coinkite's urgent updates are crucial for anyone using Coldcard hardware.
What happened?
Hackers have stolen over $130 million from Coldcard hardware wallets, exploiting a flaw in seed phrase generation. This is not the first large-scale crypto hack this year.
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