Canadian Entrepreneur Loses $1.6M BTC in Coldcard Wallet Hack

A Canadian entrepreneur has reportedly lost $1.6 million in Bitcoin due to a hack on his Coldcard wallet.

The victim, who wishes to remain anonymous, used his Coldcard hardware wallet for storing and managing his cryptocurrency funds.

According to the report, the hack occurred when the user attempted to transfer some of his Bitcoin to another account. However, the transaction was intercepted by an unauthorized party, resulting in the loss of $1.6 million worth of BTC.