Coldcard Hack Exposes $88M in Stolen Bitcoin, Triggers Exchange Deposits Surge
Coldcard's high-security Bitcoin wallets have been compromised in a major hack, resulting in an estimated loss of $88 million. The breach has led to a surge in exchange deposits as users rush to move their funds. This comes after reports emerged that hackers had exploited vulnerabilities in the wallet software.
The attack on Coldcard's wallets is believed to have occurred before 2015, with some users only recently discovering that their funds were missing. The compromised accounts are said to contain a significant amount of old Bitcoin (BTC), which has been steadily increasing in value over time.
Coldcard has not commented on the breach or its impact on user funds. However, experts warn that users should be cautious when transferring assets from compromised wallets and may want to consider waiting for official guidance before taking any action.