Coldcard Theft Wave Hits 114 Million Dollars

Users of Coldcard hardware wallets are facing a serious security threat this week. A fourth wave of attacks started on Monday, bringing the total estimated value of stolen bitcoin to about 114 million dollars since last Thursday.

The attackers are managing to drain funds by targeting specific wallet vulnerabilities. While this is a major loss for the affected individuals, some victims have reported a small chance to recover their assets. Because the malicious transactions remain replaceable in the mempool for a short time, some people managed to move their funds to safety before the thieves completed the process.

Security experts are urging everyone using hardware wallets to stay alert and check their transaction statuses. It remains vital to ensure your device firmware is updated and to monitor the mempool if you notice any suspicious outgoing transactions. Keep a close eye on your balances as the situation develops.