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Coinkite Hack Exposes Weakness in Cold Wallet Security

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BTC
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A recent breach of Coinkite's cold Bitcoin wallets has left the crypto community reeling. Hackers stole an estimated $130 million worth of BTC from around 7,300 wallet addresses.

The incident has sparked concerns about the security of cold storage solutions, but Alex Thorn, head of firmwide research at Galaxy Digital, believes that Bitcoin will 'survive' this hack.

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