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HACKERS STEAL OVER $130M BY EXPLOITING BUG IN OFFLINE HARDWARE WALLETS
SOURCE SPECTRUM: TechCrunch CenterThird-party classification: Ad Fontes • method and full source list. Bias is not a truth score.
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WHAT HAPPENED
Hackers exploited a vulnerability in the Coldcard cryptocurrency hardware wallet, draining more than $130 million from users’ accounts, TechCrunch reports. The breach was discovered in the device’s firmware, which was designed to keep private keys offline.
According to blockchain‑monitoring firms, the total losses exceed $130 million. TechCrunch notes that the flaw allows attackers to manipulate transaction data on the device, effectively bypassing its intended security. Coldcard has not yet issued a public statement or released a fix.
Hardware wallets are intended to provide the highest level of security for digital assets, so this incident highlights the risks posed by software bugs even in offline devices.
- Bug in Coldcard firmware enabled attackers to drain >$130 million.
- Blockchain‑monitoring firms confirm the loss figure; details on victims remain undisclosed.
- Coldcard has not yet responded with a fix or statement.
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