Hardware Wallets Expose Bitcoin Holders to Massive Losses After Firmware Flaw Enables Remote Drains
Hardware Wallets Expose Bitcoin Holders to Massive Losses After Firmware Flaw Enables Remote Drains
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A critical firmware flaw in Coldcard hardware wallets enabled attackers to remotely drain over 1,000 BTC, valued at approximately $70 million, from dormant wallets in under an hour. This significant security breach prompted Binance founder CZ to advise users to diversify their crypto holdings across multiple wallets for enhanced protection.
A firmware bug in Coldcard devices allowed attackers to drain over 1,000 BTC worth around $70 million from dormant wallets in under an hour on July 30. Binance founder CZ urged users to diversify holdings across multiple wallets for better protection.