Key facts
- A vulnerability in Coldcard hardware wallets has led to the theft of 594 Bitcoin.
- The stolen Bitcoin is valued at approximately $38 million.
- The flaw allowed attackers to extract Bitcoin seeds, potentially compromising years of stored cryptocurrency.
- Coldcard has advised users to take immediate precautions.
A significant security vulnerability in Coldcard hardware wallets has resulted in the theft of 594 Bitcoin, valued at approximately $38 million. The flaw reportedly allowed attackers to extract Bitcoin seeds, potentially compromising years of stored cryptocurrency. The incident affected around 500 single-signature wallets and the theft occurred in under 30 minutes. In total, over $70 million in Bitcoin has been stolen due to this vulnerability. Coldcard has since issued a warning to its users, urging them to take immediate precautions to secure their funds.