233,000 Bitcoin Moved From Long-Term Holder Wallets After Coldcard Hack
JH Kim
Summary
- It said an attack exploiting a Coldcard firmware vulnerability caused about $130 million in losses.
- It said 233,000 Bitcoin (BTC) moved from long-term holder wallets after the hack.
- It said some of the funds were moved to multisig wallets, while others came from transfers by Ledger and Trezor users.
Forecast Trend Report by Period
Decrypt reported on Aug. 11 that an attack exploiting a Coldcard firmware vulnerability caused about $130 million in losses. Following the hack, 233,000 Bitcoin moved from long-term holder wallets.
That was more than 100 times the value of the funds stolen from Coldcard. “While hackers were attacking Coldcard, roughly $15 billion worth of Bitcoin quietly moved in search of safer storage,” the outlet wrote. Some of the transfers came from Coldcard users shifting funds to multisig wallets. Others came from Ledger and Trezor users prompted to act by the breach.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.