Coldcard flaw drained 1,196 addresses, costing more than 1,082.65 BTC
AI Market Summary
Galaxy Research reports a Coldcard-related vulnerability exploited to drain 1,196 addresses and steal 1,082.65 BTC (>$70M) in 41 minutes, occurring ~30 hours before a public warning. The incident underscores operational and custody risk in self-custody hardware workflows and can pressure near-term risk sentiment across crypto, potentially increasing demand for security audits, incident response scrutiny, and counterparty-risk repricing.
Impact level
● Medium
Affected assets
BTC/USDT-2.02%
AI Insight · BTC/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Galaxy Research reported that a vulnerability affecting Coldcard was exploited to drain 1,196 addresses, with losses exceeding 1,082.65 BTC—valued at more than $70 million. The raid unfolded in roughly 41 minutes and took place about 30 hours before Coldcard issued its public warning.
