Hackers drain more than $140M in bitcoin from devices made by Canadian firm
Galaxy Research said hackers drained more than 1,500 tokens from 7,300 addresses after a software bug exposed Coldcard wallets.
- Hackers drained more than C$140 million in Bitcoin from security devices sold by Canada-based Coinkite Inc., exploiting a vulnerability in the company's Coldcard hardware wallets.
- A coding mistake in a March 2021 software update weakened Coldcard security features, allowing sophisticated hackers to swipe Bitcoin without physically accessing the devices.
- Galaxy Research reported that by Monday, hackers had drained more than 1,500 tokens from 7,300 addresses across three confirmed waves and 14 smaller incidents.
- Coinkite Inc. CEO Rodolfo Novak issued an apology for the firmware bug, while the company destroyed remaining vulnerable inventory and halted all product shipments.
- With attacks potentially still occurring, Coinkite began reaching out to customers to help move funds to safety, though Galaxy Research warned findings remain based on preliminary blockchain analysis.
34 Articles
34 Articles
After the Coldcard Hack, Can Victims Sue? Crypto Lawyers See an Uphill Battle
The theft of more than $100 million in bitcoin from Coldcard hardware wallets has already reopened the debate over self-custody. On the latest DEX in the City, three crypto general counsels took up the question that comes next: if you did everything right and still lost your coins, can you sue anyone? Their answer, in short, was maybe, but the law isn’t built for it. The exploit traces to a 2021 Coldcard firmware flaw that generated wallet seed …
The attack began last week. According to an analysis, 60 million euros worth of cryptocurrencies have already been stolen in 41 minutes.
More than $100 million was stolen from users of Coinkite's Canadian Coldcard portfolio through a computer flaw.
130 million dollars have been stolen. In question? A failure in artificial intelligence....
Coverage Details
Bias Distribution
- 62% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
