Coldcard Third-Wave Attacker Moves 45% of Stolen Bitcoin
3h ago · 1 source · Summarised by CryptoBipto — how we make this
An attacker linked to the so-called Coldcard third-wave exploit has reportedly moved approximately 45% of the Bitcoin stolen in the incident. The movement of funds was detected on-chain, raising questions about whether the attacker is attempting to liquidate or obfuscate the stolen assets.
WHY IT MATTERS
A hardware wallet is a physical device that stores cryptocurrency offline, similar to keeping valuables in a safe rather than leaving them on a table. Coldcard is one of the more well-known hardware wallets for Bitcoin. When stolen cryptocurrency gets moved on a blockchain, it is like watching someone carry stolen goods through a public space — anyone can see the transaction, but identifying the person behind it is much harder. This story matters because it highlights that even hardware wallets, which are considered among the most secure ways to store crypto, can be targeted by attackers. For newcomers, it is a reminder that security in crypto involves not just choosing the right tools but also staying informed about potential vulnerabilities and following best practices recommended by device manufacturers.
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