Coldcard Hacker Moves $7.7M, Nearly Half of Third-Wave Bitcoin Haul

The individual behind a recent Bitcoin theft has constructed 293 separate vaults to hold the stolen funds, which amount to approximately $7.7 million. The attacker is now in the process of draining these vaults, prioritizing the largest ones first. This activity indicates a coordinated effort to liquidate the stolen Bitcoin in a controlled manner. The theft and subsequent movement of funds highlight ongoing security challenges within the crypto ecosystem, particularly concerning wallet security and asset recovery. The incident underscores the importance of robust security measures for hardware wallets like Coldcard and the need for vigilant monitoring of suspicious activity related to stolen assets.