~1,700 BTC stolen from 10 cold-wallet attack clusters. ๐๐
Galaxy Research has just analyzed attack groups linked to wallets that use COLDCARD seeds with weaker security.
Just the 10 largest groups have moved about:
โฟ ~1,700 BTC stolen
๐ Largest group: >1,080 BTC
Galaxy distinguishes attacker groups based on fee strategy, timing, transaction patterns, and destination wallets. Notably, some of the larger groups are believed to still be holding most of the stolen BTC.
Cold wallet: โIโm offline, bro.โ
Weak seed: โNot exactly.โ ๐
Whatโs scary here is that a cold wallet isnโt automatically = absolute safety. If the seed phrase is generated/saved in a weak way, attackers can still exploit that weakness without โdirectly hackingโ the device.
Guys, in these kinds of BTC losses, where do you think the biggest weakness usually lies: in the hardware wallet itself, or in how users create and store the seed? ๐
#BTC #Coldcard
Galaxy Research has just analyzed attack groups linked to wallets that use COLDCARD seeds with weaker security.
Just the 10 largest groups have moved about:
โฟ ~1,700 BTC stolen
๐ Largest group: >1,080 BTC
Galaxy distinguishes attacker groups based on fee strategy, timing, transaction patterns, and destination wallets. Notably, some of the larger groups are believed to still be holding most of the stolen BTC.
Cold wallet: โIโm offline, bro.โ
Weak seed: โNot exactly.โ ๐
Whatโs scary here is that a cold wallet isnโt automatically = absolute safety. If the seed phrase is generated/saved in a weak way, attackers can still exploit that weakness without โdirectly hackingโ the device.
Guys, in these kinds of BTC losses, where do you think the biggest weakness usually lies: in the hardware wallet itself, or in how users create and store the seed? ๐
#BTC #Coldcard