security
Galaxy Reports Coldcard Hack Losses at 1,789 BTC, Majority Unmoved
Galaxy Research reports that the recent Coldcard hardware wallet hack resulted in losses of approximately 1,789 BTC, with 87% of the stolen funds remaining unmoved.
AS1 NewsSource: cointelegraph.com
BTCGalaxy Research has released an analysis of the recent Coldcard hardware wallet security breach. According to their report, the hack led to a total loss of around 1,789 Bitcoin. Notably, approximately 87% of these stolen funds have not been moved since the incident, indicating that the majority of the assets remain dormant.
The report highlights that over half of the 221 victim reports received involved individual losses exceeding 1 Bitcoin, underscoring the impact on individual users. The Coldcard wallet, known for its security features, was targeted in this attack, raising concerns about hardware wallet vulnerabilities.
Security experts continue to investigate the breach, emphasizing the importance of secure storage practices and timely updates for hardware wallets. The incident underscores ongoing risks in the crypto security landscape, especially concerning hardware devices used for storing significant assets.
The hack resulted in significant Bitcoin losses, with most funds remaining unmoved, highlighting ongoing security vulnerabilities in hardware wallets.