Coldcard Wallets Vulnerability May Cost Users Over $130 Million

Galaxy Research has estimated that the total loss due to a vulnerability in Coldcard wallets could be over $130 million, with more than 250 users already reporting losses.

The vulnerability was discovered in the wallet's firmware and allowed hackers to access user funds. Galaxy Research believes that this is one of the most significant security breaches in the cryptocurrency space.

While the exact number of affected wallets is not clear, it is reported that many users are coming forward with their losses. This has led to concerns about the security of Coldcard wallets and the potential for further breaches.