Hackers steal over $130M by exploiting bug in Coldcard hardware wallets
A security vulnerability in the cryptocurrency hardware wallet Coldcard is allowing hackers to drain crypto from victims’ wallets. Total losses are reported to exceed $130 million.
A significant security vulnerability affecting the Coldcard cryptocurrency hardware wallet has enabled hackers to steal substantial amounts of digital assets from users.
Blockchain-monitoring firms report that the total value of stolen cryptocurrencies now exceeds $130 million.
The exploit appears to target the wallet's offline functionality, a feature generally considered a secure method for storing digital assets. Specific details of the attack method are still emerging, but it is understood to involve the way the wallet processes transactions while disconnected from the internet.
This incident raises concerns about the security of digital assets and the reliability of hardware wallets. The manufacturer of Coldcard is expected to release further details regarding the vulnerability and any recommended actions for its users.