Coldcard 'Wave 3' attackers continue transferring stolen funds

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Attackers behind the Coldcard 'Wave 3' breach are still transferring stolen BTC, with 45% of the funds now moved. Some assets have entered Ethereum via THORChain, marking significant Ethereum news. Other assets are also being sent to CoinJoin mixers. The largest vaults are being processed first, and a new vault has been discovered, increasing the potential total to 294 vaults and stolen BTC to approximately 1,806.

Odaily Planet Daily reports that the attacker in the Coldcard "Wave 3" incident continues to move the stolen funds. During this phase, the attacker created 293 separate 2-of-2 multisignature vaults for each victim. On September 2, the first batch of funds was cross-chain transferred to Ethereum via THORChain; the latest round of transfers has begun entering the CoinJoin mixing process.

Currently, Wave 3 attackers are processing the largest funds in order of stolen amounts, having already transferred wallets ranked 1 through 11. The next 10 wallets yet to be moved hold a combined total of 30.81 BTC, while wallets ranked 61 through 293 hold a combined total of 33.77 BTC.

To date, the attacker has transferred approximately 45% of the stolen assets from this exploit, with funds moving to Ethereum or entering CoinJoin mixing transactions. This fund transfer also revealed a previously unknown vault: 58 addresses collectively spend via a 2-of-2 multisignature scheme in the same format as Wave 3, with further transfers from the Wave 3 attackers to a jump address funding CoinJoin.

This vault is currently marked as "cause = open," but it is likely also among the Coldcard victims, which could increase the total number of vaults involved in Wave 3 to 294 and raise the previously reported total BTC stolen due to the Coldcard vulnerability to approximately 1,806 BTC.

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