Coldcard hacker drains $7.7 million in Bitcoin from major vaults
- The attacker has successfully drained the largest eleven vaults associated with the third wave of Coldcard thefts.
- Approximately $7.7 million worth of Bitcoin was stolen, representing about 45% of the total stolen in this attack wave.
- This incident marks a significant escalation in ongoing security issues related to cold storage vulnerabilities.
- Galaxy Research reported on the breach, highlighting its impact on users relying on these vaults for asset protection.
The recent theft underscores critical security challenges within cryptocurrency storage solutions, particularly for high-value assets like Bitcoin and Coldcard systems. This incident has raised alarms about the effectiveness of current protective measures against sophisticated attacks.
With $7.7 million in Bitcoin stolen, this event highlights the ongoing risks faced by users and platforms involved in cryptocurrency management and storage.(Source)
