Coldcard Wallet Hack Escalates to 116 Million Dollars

The security crisis facing Coldcard hardware wallet users has grown significantly worse. Reports now confirm that losses have reached 116 million dollars. The theft occurred in four distinct waves over the last few days, leaving many users worried about the safety of their holdings.

Coinkite, the company behind the hardware wallets, described the past three days as one of the most difficult periods in its history. What initially appeared to be a 30 million dollar incident has more than tripled in total value in less than a week. The fourth wave of attacks is reportedly still active and continues to drain assets.

This incident serves as a sharp reminder of the risks associated with hardware security vulnerabilities. Investors are urged to check the official status of their devices and follow any security updates provided by the manufacturer. Experts are currently monitoring the situation to see if the outflow of funds can be contained or if the damage will increase further.