Thousands of accounts were hacked and more than US$100 million (roughly C$140 million) in bitcoin was stolen after a flaw was revealed in security devices sold by a Canada-based company.
The company, Coinkite Inc., sells “cold” bitcoin wallets that use hardware and software to keep the funds offline, which is supposed to be safer from hackers. It is a handheld device, often called a “hardware wallet.”
The company announced late last week that the wallets of some Coldcard device users had been compromised in a hack.
Thousands of accounts were hacked and more than $140 million in bitcoin was stolen after a flaw was revealed in security devices sold by a Canada-based company.
apple.news
On July 30, Galaxy Research, a digital financial services firm, discovered that within 41 minutes, hackers had drained more than 1,000 bitcoins from more than 1,000 addresses, equal to approximately C$99 million.
By Monday, more than 1,500 tokens from 7,300 addresses had been drained, Galaxy Research reported. The hack came in three confirmed waves in addition to 14 smaller incidents, it said in a
social media post.
