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Bitcoin Heist via Flawed Coldcard Firmware Exceeds $115 Million

Guavy AI Editorial Team
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BTC
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A significant Bitcoin theft has been linked to a 2021 firmware flaw in Coldcard hardware wallets, resulting in losses of approximately 714.8 BTC, worth over $115 million as of August 16, 2023.

The flaw allowed attackers to predict wallet seeds and steal private keys, with most thefts occurring between 2021 and 2022.

Galaxy Research identified distinct transaction patterns and grouped victims into waves, tracing stolen coins back to the flawed firmware release date of March 17, 2021.

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