Coldcard Wallet Security Breach Hits $114 Million

A major security incident involving Coinkite hardware wallets has shaken the Bitcoin community. On chain data indicates that funds are being drained from user devices, with total losses now estimated to be near $114 million.

Observers identified a pattern of suspicious on chain movements that suggest these wallets were compromised. A potential fourth sweep of funds has recently been spotted, leading many to believe that the total impact is still growing as investigators track the stolen assets.

This situation highlights the importance of hardware wallet security and cautious storage practices. As the situation develops, users should monitor their addresses closely for unauthorized transactions. Analysts are now watching for any official statements from the manufacturers to determine how these devices were targeted.