Regulation

How bitcoin cold wallets lost $70 million in an attack that never touched the devices

CoinDesk1h agoUpdated 1h ago
How bitcoin cold wallets lost $70 million in an attack that never touched the devices
Smart Read

Galaxy Research said weak seed generation let an attacker recreate likely private keys offline, sweep more than 1,000 BTC from nearly 1,200 wallets and continue searching without ever accessing the devices.

Coins in this story

Discussion

Related stories

Bitcoin Magazine

Coldcard Bitcoin Thief Likely Used Top Blockchain Services Provider: Report

Bitcoin Magazine Coldcard Bitcoin Thief Likely Used Top Blockchain Services Provider: Report Experts have since said that those holding Bitcoin on a Coldcard device should move funds now. This post Coldcard Bitcoin Thief Likely Used Top Blockchain Services Provider: Report first appeared on Bitcoin Magazine and is…

Bitcoin Magazine

Younger Democrats Understand Clarity Act And Bill Should Pass, Says Coinbase’s Chief Policy Officer

Bitcoin Magazine Younger Democrats Understand Clarity Act And Bill Should Pass, Says Coinbase’s Chief Policy Officer The Clarity Act will likely get through despite some — older — Democrats holding it back, according to Coinbase’s Chief Policy Officer, Faryar Shirzad. Speaking on The Hill’s morning Rising show Friday, Shirzad said that crypto was “maybe the ...

Bitcoin Magazine

Coinkite Releases Fixed Firmware After Coldcard Bug; AI Likely Involved In The Breach

Bitcoin Magazine Coinkite Releases Fixed Firmware After Coldcard Bug; AI Likely Involved In The Breach NVK stated that AI-assisted code review can now find latent bugs at a speed outpacing even the industry’s most seasoned experts, calling it a sober reality of the new AI paradigm. This post Coinkite Releases Fixed Firmware After Coldcard Bug; AI Likely Invo...

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.