Coldcard Urges Users to ‘Carefully Move Funds’ as Exploit Losses Mount

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The Coldcard team, manufacturer of a bitcoin hardware wallet, urged users to urgently migrate their funds after discovering a critical vulnerability in their devices’ code. The company posted on X asking customers to treat this as urgent, upgrade their devices, generate a new seed, and carefully move their funds. According to the latest estimates from Galaxy Research, the confirmed amount stolen exceeds $100 million, with some reports citing around $130 million. The team also recommended spreading the word to less online people who may not see this update, as the threat remains ongoing.

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Telemac
Telemachttp://cryptoinfo.ch
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