ChainCatcher reports that Alex Thorn, Research Director at Galaxy, stated that attacks targeting Coldcard wallets are still ongoing, with an increasing number of smaller attackers and imitators now focusing on the remaining Coldcard mnemonic phrases. Alex Thorn noted that, through assistance in identifying a user affected in one of the attack incidents, the funds were withdrawn before they could be frozen on the Duel platform, and these funds are not part of the three major waves of attacks previously identified by Galaxy Research. Previously, the Bitcoin hardware wallet Coldcard was compromised; stolen funds have now risen to 1,367.05 BTC, valued at approximately $88.6 million, affecting 4,585 addresses. Alex Thorn, Research Director at Galaxy, warned that the attacks are still active and urged users who have not yet moved their funds to immediately transfer assets out of addresses generated by Coldcard.
Galaxy Research Head Warns Coldcard Wallet Attack Continues with More Small-Scale Attackers
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Summary
Galaxy Research head Alex Thorn highlighted the ongoing Coldcard wallet attack in the latest on-chain news, noting that more small-scale attackers are targeting remaining mnemonic phrases. A confirmed incident resulted in funds being drained before being frozen on the Duel platform, unrelated to previous attack waves. The total stolen funds now amount to 1,367.05 BTC, or $88.6 million, affecting 4,585 addresses. Thorn urged users to immediately move assets from Coldcard-generated addresses. This crypto news update underscores the urgency for affected users to take action.
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