Coldcard Wallet Exploit Nears $114M as Small Bitcoin Transfers Surge
A multi-wave exploit targeting Coldcard Bitcoin wallets has driven observed losses toward $114 million and triggered the biggest surge in small BTC transfers since the FTX collapse.
AfroEuropa Newsroom
AfroEuropa desk
An exploit targeting Coldcard Bitcoin wallets has pushed observed losses toward $114 million, according to Decrypt, which cited Galaxy Research flagging a likely fourth wave of thefts.
Galaxy Research had earlier reported that a third wave of thefts brought observed losses to roughly 1,367 BTC drained across 4,585 addresses. At current prices, BitKE valued that figure at nearly $89 million and described the incident as one of the largest failures of Bitcoin self-custody in recent years. According to BitKE, the attack has unfolded across three coordinated waves and targets self-custody through cryptographic key generation rather than through malware or phishing.
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