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A Coldcard firmware flaw let hackers drain $70 million in Bitcoin in 41 minutes, with losses now topping $88 million

A Coldcard firmware flaw let hackers drain $70 million in Bitcoin in 41 minutes, with losses now topping $88 million

3 months ago by Crypto InsightsComputer Tips

Why it matters: A hardware wallet is supposed to solve one problem: keep your Bitcoin keys somewhere no attacker can reach them. This week showed what happens when the flaw sits inside the wallet itself. A firmware bug that’s been shipping in Coldcard devices since… Read More

Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million

Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million

3 months ago by Crypto InsightsCrypto

The attacker working through Coldcard-generated keys is now emptying wallets worth a few thousand dollars each. Galaxy Research flagged a third wave of sweeps early Sunday, roughly 208 bitcoin drained from 1,912 addresses between Friday midday and Saturday morning UTC. That is just over a… Read More

CZ calls for wallet diversification after $70 million Coldcard exploit

CZ calls for wallet diversification after $70 million Coldcard exploit

3 months ago by Crypto InsightsCrypto

Crypto holders used to focus on diversifying their coins. Now, following a $70 million Coldcard exploit, they’re being told to diversify their wallets as well. On Saturday, Binance founder Changpeng Zhao, known as CZ, asked crypto holders to split their funds across multiple wallets following… Read More

World Foundation raises $52.5 million in new funding round lead by Pantera Capital

World Foundation raises $52.5 million in new funding round lead by Pantera Capital

3 months ago by Crypto InsightsCrypto

Poised to become the world’s most prominent “real humans’ network”, the project previously known as Worldcoin aims to establish an identity layer to distinguish unique individuals from automated bots. The protocol relies on custom hardware, known as an Orb, to issue credentials without compromising user… Read More

U.S. seeks forfeiture of $25 million in crypto tied to romance and investment scams

U.S. seeks forfeiture of $25 million in crypto tied to romance and investment scams

3 months ago by Crypto InsightsCrypto

Federal prosecutors filed five civil forfeiture complaints seeking more than $25 million in cryptocurrency that investigators say came from international romance and investment scams targeting people in the U.S. and Canada. The complaints, filed in U.S. District Court for the District of Columbia, stem from… Read More

This $28 million ether ‘straddle’ bet aims to profit from pure market chaos

This $28 million ether ‘straddle’ bet aims to profit from pure market chaos

4 months ago by Crypto InsightsCrypto

It shows that major participants are not just “long-only” or “short-only” speculators; they are increasingly treating volatility as a separate asset class and using complex options Greeks, specifically vega (sensitivity to volatility) and gamma (sensitivity to price acceleration), to extract profit from market turbulence. Inside… Read More

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