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Crypto

COLDCARD Hardware Wallets Suffer $38M BTC Loss in Firmware Exploit

Guavy AI Editorial Team
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BTC COL
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A recent exploit on COLDCARD hardware wallets has resulted in the loss of $38 million worth of BTC. The incident occurred due to a vulnerability in firmware version 4.0.0 from March 2021, which was exploited within a 25-minute window.

CZ advised users to consider splitting their funds across multiple wallets, acknowledging that 'nothing stays 100% secure.'

The loss of 594 BTC has put pressure on BTC price prediction models as traders reassess the security risks associated with hardware wallet storage and private key generation.

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