Now Reading: At least 15 attackers exploited Coldcard wallet flaw, researcher estimates $100 million in losses
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At least 15 attackers exploited Coldcard wallet flaw, researcher estimates $100 million in losses
At least 15 attackers exploited Coldcard wallet flaw, researcher estimates $100 million in losses
Alex Thorn, chief researcher at Galaxy Digital, said that at least 15 attackers exploited a single vulnerability in Coldcard hardware wallets across a series of coordinated thefts linked to that flaw, putting…
Alex Thorn, chief researcher at Galaxy Digital, said that at least 15 attackers exploited a single vulnerability in Coldcard hardware wallets across a series of coordinated thefts linked to that flaw, putting total losses at roughly $100 million. According to the report, victims who came forward helped investigators tie separate incidents together and identify attackers who might otherwise have stayed anonymous. Artificial intelligence is raised as a growing factor across cyberattacks more broadly, though no specific technical role for AI in these particular thefts is given. Thorn's $100 million figure is explicitly described as preliminary and liable to change as more information emerges.
Indian Opinion Analysis
The count of 15 attackers and the $100 million loss figure both trace back to Thorn's own preliminary reading of the incidents, which could move as investigators learn more. Its mention of artificial intelligence sits alongside that estimate only as a general trend across cyberattacks, with no technical explanation offered for how AI featured in the Coldcard thefts specifically. Watch for Galaxy Digital to publish a revised loss estimate or attacker count.
Source: www.gadgets360.com
This brief was synthesised by AI from the source linked above.
