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Seed-Phrase Flaw Drains $110M in Bitcoin From Cold Wallets

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Source: Futurism
Seed-Phrase Flaw Drains $110M in Bitcoin From Cold Wallets
Photo: Futurism
TL;DR

Hackers drained about $110 million in Bitcoin from Coinkite’s cold wallets after exploiting a software bug that allowed seed-phrase reconstruction, affecting around 5,000 wallets (rising to at least 7,300). Coinkite says it is conducting an ecosystem-wide security audit and has paused automated data-blanking for legal reasons while investigating and assisting affected customers.

Topics:businesstechnology#coinkite#cold-wallets#crypto#cybersecurity#seed-phrases#technology
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  1. Hackers Figure Out a Trick to Steal Bitcoin From Cold Wallets, Grab $110 Million  Futurism
  2. Hackers Hit Bitcoin’s Safest Hiding Place in Ongoing Attack  Bloomberg.com
  3. Coldcard Bitcoin Hack: Victims Report Median Loss of 1 BTC as Theft Tops $111 Million  Bitcoin Magazine
  4. A Coldcard Hacker Just Moved $1.94 Million in Stolen Bitcoin for the First Time, Is a Cash-Out Coming?  Yahoo Finance
  5. Hackers Stole $100 Million in Bitcoin—Here’s How  Forbes

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