Coldcard Hack Drives July Crypto Theft Surge to $247.4 Million

A recent surge in cryptocurrency theft has hit $247.4 million, primarily driven by an exploit on the Coldcard wallet.

The hack, which occurred in July, allowed hackers to steal funds from users' wallets, with some of the stolen assets being transferred to mixers to obscure their origin.

A significant portion of the stolen funds remains unaccounted for, raising concerns about the security of hardware wallets and the potential for further losses.