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Coldcard Bitcoin Hack Losses Exceed $114 Million

Created at 3 Aug · 1:16 PM2 sources↑ Market-relevant2 events
IN SHORT

The ongoing Coldcard Bitcoin hack, attributed to a firmware flaw, has now resulted in the theft of approximately 1,367 BTC, with total losses estimated to be over $114 million.

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Key Numbers

1,367 BTCstolen Bitcoin amount
$114 milliontotal estimated losses
$88.6 millioninitial estimated losses

Who's Involved

Coldcard
Bitcoin hardware wallet affected by hack
Mathew Di Salvo
Author
Coldcard Bitcoin Hack Losses Exceed $114 Million

↳ Why This Matters

This ongoing exploit highlights significant security vulnerabilities in hardware wallets, potentially eroding user trust and impacting the broader cryptocurrency security landscape.

Key facts

  • The Coldcard Bitcoin hack has led to the theft of approximately 1,367 BTC.
  • The total estimated losses from the hack have reached over $114 million.
  • The exploit is attributed to a flaw in the device's firmware.

The ongoing hack targeting Coldcard Bitcoin wallets has escalated, with total losses now estimated to exceed $114 million. Initially, the exploit was reported to have resulted in the theft of approximately 1,367 BTC, valued at $88.6 million. The vulnerability has been attributed to a flaw within the device's firmware, allowing for the continuous draining of Bitcoin from affected wallets.

Frequently asked questions

The hack is attributed to a flaw in the Coldcard device's firmware.

Approximately 1,367 BTC has been stolen.

The total estimated losses have surpassed $114 million.

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Cadence

How It Developed

A Coldcard Bitcoin hack, caused by a firmware flaw, resulted in the theft of approximately 1,367 BTC, valued at $88.6 million.
The total estimated losses from the Coldcard Bitcoin hack have now surpassed $114 million.

Sources

T1
Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total StolenBitcoin Magazine
T1
Morning Minute: The Coldcard Bitcoin Hack Nears $114 Million in Potential LossesDecrypt

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