Mystery Surrounds $38M Bitcoin Heist Linked to Coldcard Hardware Wallet

Coldcard has issued a warning about its Mk3 device after experts examined a $38 million Bitcoin wallet drain.

The incident, which is being investigated by authorities, saw an unknown individual drain funds from a wallet that was allegedly linked to the Coldcard Mk3 hardware wallet.

Experts are still trying to determine how the hacker gained access to the wallet, but some speculate it may have been due to poor security practices on the part of the user.