Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy
Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy
Background and Current Status
Coldcard, the popular Bitcoin hardware wallet, has been at the center of numerous thefts over recent months. Although the rate of thefts has slowed, the potential cumulative losses are staggering, with estimates reaching up to $150 million.
The Nature of the Issue
The primary concern revolves around a security vulnerability that bad actors have exploited, putting the assets of many Bitcoin holders at risk. This has triggered a series of advisories from hardware wallet firms, urging users to take enhanced security measures.
Community and Industry Reactions
There has been a mixed response from the cryptocurrency community and professionals within the industry. Many users have expressed frustration and concern over their asset safety, whereas cybersecurity experts and wallet makers are continuously developing solutions to address the vulnerabilities.
This article has been published in decrypt.co via Yahoo News.
Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy
Galaxy Research says the lull likely means vulnerable holders migrated, or were already emptied.
finance.yahoo.com
