Galaxy Research said weak seed generation let an attacker recreate likely private keys offline, sweep more than 1,000 BTC from nearly 1,200 wallets and continue searching without ever accessing the devices. More than 1,000 bitcoin, worth about $70 million, were drained from 1,196 Coldcard wallets in a 41-minute span on July 30, nearly double the loss first reported. Researchers say a firmware flaw in certain Coldcard hardware wallets made supposedly unguessable seed phrases computationally enum…
Why this update matters
This developing story is relevant for readers tracking cryptocurrency because it reflects fresh changes from the original source and signals where attention is shifting next.
Key details
The report was collected automatically and prepared for publication with a newsroom workflow that focuses on clarity, search visibility, and quick understanding.
Readers should review the original source for direct statements, official notices, and any later corrections or additions as the story evolves.
Related coverage
Continue reading with more reporting from the same topic cluster.