Coldcard Wallet Vulnerability Linked to $70 Million Bitcoin Theft
Galaxy Research said nearly 1,200 Bitcoin addresses were completely drained of 1,082.65 BTC, worth approximately $70.2 million, during a 41-minute period on July 30. The transactions were linked to a vulnerability affecting seeds generated by certain Coldcard hardware wallets.
Manufacturer Coinkite initially warned users of Coldcard Mk3 devices running firmware version 4.0.1 or later before expanding the advisory to some Mk4, Mk5 ...
Gold Pulls Back After Strong July, But the Bigger Trend Remains in Focus
Gold prices ended the week with a healthy dose of profit-taking after an impressive monthly performance. COMEX gold futures slipped 1.41% to $4,107.2 per ounce, while silver futures declined 2.27% to $57.97 per ounce. Despite the daily weakness, gold still closed the week 1.26% higher and finished 2.1% higher for July, highlighting that the broader bullish trend remains intact. Silver, on the other hand, ended the week nea...
I keep thinking about Babylon 108-block dispute window because this is where the project stops being a clean idea and starts becoming an operational test.
Babylon wants Bitcoin to work as trustless collateral, which is a powerful story, but a claimant dealing with cold storage may not experience that window as generous at all.
Keys need to be accessed, approvals need to happen, the right files need to be ready, and the response still has to land on-chain before the clock runs out. That feels...