Coldcard Wallet Hacked: White-Hats Steal BTC for 'Recovery Trust'

A group of white-hat hackers has reportedly exploited a vulnerability in the Coldcard wallet and transferred Bitcoin into a 'Recovery Trust'.

The exact details of the hack are not specified, but it is stated that the hackers utilized the exploit to route the funds into the Recovery Trust, which is designed to safeguard users' assets in case their wallet is compromised or lost.

The Coldcard wallet is a secure hardware wallet known for its robust security features and cold storage capabilities. The fact that hackers were able to exploit a vulnerability in the wallet highlights potential weaknesses in even the most secure systems.