This is insane!
According to @glxyresearch, the total losses from the #Coldcard hack may have reached 2,055 $BTC($130M).
More than 7,700 victim addresses have been affected.
JUST IN: A third Coldcard hack has been reported with another 207.7294 BTC stolen.
A total of 1,367.05 BTC has been stolen from 4,585 addresses so far, according to Galaxy Research.
Users are urged to review the company's official security guidance as soon as possible‼
$1.6 million dollars in Bitcoin was drained from my account on July 29th in the Cold Card wallet hack.
My Bitcoin was in cold storage. My keys were on a ColdCard device kept in a safety deposit box that had never been connected to the internet.
This part's nerdy, but here's what happened:
Hackers discovered a vulnerability in the part of the hardware wallet code used to create seed phrases.
This allowed them to use AI to brute force guessing seed phrases.
I was at our cottage and heard about the hack today.
"No way this affects me." I thought.
I logged into Wasabi––software that lets me view my bitcoin wallets online.
Right away I saw lines of red transaction–withdrawals–and I knew.
From 9:36pm - 9:43pm on July 29th, every wallet I had had been emptied.
18.25245043 btc gone. That's just over $1.6 million dollars CAD.
Perhaps the hardest part about this is that I did everything right.
I never shared my seed phrase with anybody. My devices never touched the internet. Everything was kept in multiple safes and safety deposit boxes.
None of it mattered. All because the hardware that created the seed phrase originally had one line in their code from 2021 that had a vulnerability.
I'm filing a police report and a report with the Ontario Securities Commission. But I don't expect to recoup anything.
A part of me is trying to make sense of what just happened. Or try to figure out a lesson in it. I'm struggling. $1.6 million is a staggering amount of money to have stolen.
I guess all that I can think about right now is that I'm so damn happy that I'm an entrepreneur and that my earning potential is under my control. Mark my damn words. I'll recover.
The Bitcoin subreddit is absolutely heartbreaking right now.
So many people have been destroyed.
I recommend having a look because it gives you a different perspective compared to X.
Really sad.
Bitcoin closed July $62,818
200-week moving average $63k
Realized price $52k (still decreasing)
Monthly RSI 43 (still < 50)
It looks like bitcoin has started the bottoming process. This normally takes 1-3 months and BTC would drop lower during this phase (below realized). DYOR.
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