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Crypto

$114M Drained from Coldcard-Generated BTC Addresses Amid Coordinated Attack

Guavy AI Editorial Team
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A coordinated attack on Coldcard-generated Bitcoin addresses has led to significant losses for users. The total amount drained is nearing $114 million, with Galaxy Research flagging approximately 449 BTC in the latest assault.

Coldcard maker Coinkite has issued a high-priority security alert, advising all users to migrate their Bitcoin holdings to newly generated addresses as soon as possible.

The exploit has shaken confidence in self-custody solutions, with Binance co-founder CZ calling for a more balanced approach to Bitcoin custody in the wake of the breach.

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