Hackers drained $130 million in Bitcoin from 7,300 'cold' wallets once billed as secure

Hackers drained $130 million in Bitcoin from 7,300 'cold' wallets once billed as secure

A tool meant to keep Bitcoin far from online thieves has become the latest reminder that "offline" does not always mean untouchable. An ongoing exploit in Coldcard hardware wallets has cost users tens of millions of dollars, hitting devices that many in cryptocurrency had treated as one of the safest places to keep Bitcoin, Bloomberg reported. What happened? In late July, Canada-based Coinkite Inc. told users that some Coldcard devices had produ…

$116M Bitcoin Wallet Exploit Spurs Self-Custody Scrutiny as ETF Inflows Rise

A $116 million hardware wallet exploit has reignited an old Bitcoin question: what is the real risk trade-off between self-custody and using regulated products? The debate is heating up as US spot Bitcoin ETFs post strong inflows, suggesting institutional capital may be finding ways to participate in Bitcoin without directly taking on custody and operational risk. Meanwhile, major companies across the sector are making moves that underline how i…

Galaxy Research confirms $112 million in Bitcoin stolen from

🟠 Galaxy Research confirms $112 million in Bitcoin stolen from the Coldcard wallet exploit. 🟠 At least 1,778 BTC has been drained in three waves, with another 638.5 BTC under review. 🟠 Over 190 $BTC holders have already reported losses and many moved funds to new wallets. &#x...