$BTC Bitcoin Cold-Wallet Attack Spreads to 4,500 Addresses, Losses Near $89M
A major security breach involving compromised Bitcoin cold wallets has expanded to over 4,500 addresses, driving total losses close to $89 million.
According to Galaxy Research, a third wave of fund sweeps has been detected, specifically targeting weak private keys generated via Coldcard wallets. Analysts note that the attacker has shifted strategy, now draining smaller wallet balances and altering their onchain collection methods to obfuscate the stolen funds. Users are urged to verify key randomness immediately.
#ColdcardFlawDrains594BTC #HedgeFundsAddBullishOilBets
A major security breach involving compromised Bitcoin cold wallets has expanded to over 4,500 addresses, driving total losses close to $89 million.
According to Galaxy Research, a third wave of fund sweeps has been detected, specifically targeting weak private keys generated via Coldcard wallets. Analysts note that the attacker has shifted strategy, now draining smaller wallet balances and altering their onchain collection methods to obfuscate the stolen funds. Users are urged to verify key randomness immediately.
#ColdcardFlawDrains594BTC #HedgeFundsAddBullishOilBets