Article may be outdated

This article is 15 days old. Some details may have changed since publication.

CoinDesk·4 min read·medium

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

S
Shaurya Malwa
How bitcoin cold wallets lost $70 million in an attack that never touched the devices
AI Summary

A security vulnerability in Coldcard hardware wallets allowed attackers to predict private keys by exploiting a flaw in the device's random number generation process. Because the keys were generated using predictable data rather than true randomness, attackers were able to drain $70 million in Bitcoin without ever needing physical access to the devices.

Galaxy Research mapped the full event on Friday, finding 1,082.65 BTC swept between 01:10 and 01:51 UTC across six blocks, with three intervening blocks containing nothing, which suggests the transactions were broadcast in batches rather than continuously.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
technologycryptobusiness

Get the full story

Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.

Create free account

Already have an account? Sign in