594 BTC Stolen From 500 Wallets as Coldcard Seed Flaw Investigated
- Coinkite warns Coldcard seed flaw may be linked to theft of 594 BTC from about 500 wallets.
- Researchers say affected wallet seeds may date back to 2021 as investigation continues.
- Additional transactions could raise the total stolen to about 1,082 BTC if confirmed.
A security warning from hardware wallet maker Coinkite coincided with the discovery of a large-scale Bitcoin theft that emptied hundreds of wallets within minutes, prompting renewed scrutiny of wallet seed generation.
Approximately 594 BTC, valued at about $38 million, was drained from around 500 single-signature wallets during a set of transactions. While blockchain researchers have linked the incident to a flaw affecting certain Coldcard wallet seeds, Coinkite has not confirmed that the vulnerability caused the theft.
The stolen funds moved through 1,324 transaction outputs spread across 500 transac…
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