Key facts
- A vulnerability in Coldcard hardware wallets has been discovered.
- 594 Bitcoin has been stolen due to the Coldcard vulnerability.
- The stolen Bitcoin is valued at approximately $38 million.
- The flaw allows attackers to extract Bitcoin seeds.
- Coldcard has advised users to take immediate precautions.
- Reports suggest the thief may have utilized a prominent blockchain services provider.
- Former FTX users are beginning to receive funds.
- The FTX Recovery Trust launched a new $900 million creditor payout.
- Total FTX repayments are estimated at $11 billion.
- Citadel reportedly acquired a large portion of Situational Awareness' public stock portfolio.
- Coinkite warned Coldcard Mk3 users to migrate funds due to a potential vulnerability.
A significant security vulnerability has been discovered in Coldcard hardware wallets, leading to the theft of 594 Bitcoin, estimated to be worth around $38 million. This flaw reportedly allows attackers to extract the Bitcoin seeds stored within the devices, which could compromise years of cryptocurrency holdings. Coldcard has issued warnings to its users, urging them to take immediate precautions to secure their funds. Reports indicate that the perpetrator of this theft may have utilized a prominent blockchain services provider in their operations.
While the Coldcard vulnerability is a recent development, another story highlights progress in cryptocurrency recovery for former FTX users. The FTX Recovery Trust has initiated a new creditor payout totaling $900 million. This latest distribution brings the total repayments to former FTX users to an estimated $11 billion, offering some resolution to those affected by the exchange's collapse.
In unrelated market news, Citadel has reportedly acquired a substantial portion of Situational Awareness' public stock portfolio. This acquisition follows an AI-driven market sell-off, suggesting a strategic move by Citadel to capitalize on market fluctuations. Meanwhile, Coinkite, the maker of Coldcard wallets, has specifically warned Coldcard Mk3 users to migrate their funds due to a potential vulnerability, underscoring the ongoing concerns surrounding hardware wallet security.