Hackers steal over $130 million by exploiting bug in offline hardware wallets

TechCrunch
Published
1
0
Hackers steal over $130 million by exploiting bug in offline hardware wallets
Read the full story at TechCrunchOriginal

A security vulnerability in the cryptocurrency hardware wallet Coldcard is allowing hackers to drain the crypto from victims’ wallets. The total losses amount to more than $130 million, according to blockchain monitoring firms.

Reader Reactions
The Story At A Glance
  • • Hackers exploited a firmware bug in Coldcard hardware wallets to steal over $130 million in Bitcoin.

  • • The vulnerability stemmed from a seed generation error that used predictable software instead of hardware random number generators.

  • • Updating firmware does not secure existing seeds, requiring users to move funds to new, patched seeds.
Context
The flaw allowed attackers to reconstruct private keys and drain thousands of wallets across multiple waves of theft. This technical failure targeted the very hardware designed to provide maximum security for digital assets.

Christian Perspective
The theft of these assets highlights the inherent instability and lack of stewardship in purely digital, decentralized systems. While Bitcoin serves as a vital tool for free speech and escaping globalist control, this incident reminds believers that true security is found in God rather than man-made technology.

Implications
As the state and globalist entities attempt to centralize financial control, individuals must remain vigilant in protecting their resources. This breach demonstrates that even the most robust tools for financial sovereignty can fail due to human error and technical frailty.

Broader Trends
This event reflects the ongoing struggle between individual liberty and the chaotic nature of the digital frontier. It mirrors the broader pattern of technological systems being used to undermine the stability and security of the people they are meant to serve.

Takeaway
Prioritize extreme caution and rigorous stewardship when managing assets intended for national and familial preservation. Rely on proven methods of protection and maintain a healthy skepticism of any system that promises absolute security without human oversight.

What is your reaction to this story?

Reader Reactions

Want to join the conversation about this story?

Join our community at Gab.com

Alto is powered by

Gab AI

The one AI they can't control. Our exclusive AI model trained to uphold Christian values and traditional principles in every interaction.

Support Alto & Gab

Alto is funded entirely by readers like you. Your donation helps us continue delivering curated news from a right-wing Christian Nationalist perspective, powered by Gab AI.

Gab Shop

Support free speech with official merchandise

View All Products

Install Alto on Your Phone

Add Alto to your home screen for quick access to breaking news — no app store required.

iPhone & iPad

Using Safari Browser

1

Open alto.gab.com in Safari

alto.gab.com
2

Tap the Share button

at the bottom of Safari
3

Tap "More"

More
4

Scroll and tap "Add to Home Screen"

Add to Home Screen

Tap "Add" to confirm

Alto will appear on your home screen like any other app!

Android

Using Chrome Browser

1

Open alto.gab.com in Chrome

alto.gab.com
2

Tap the menu button

three dots in top right
3

Tap "Add to Home screen"

Add to Home screen

Tap "Add" to confirm

Alto will appear on your home screen like any other app!
gab

Speak Freely

Join millions on the original and only true free speech social network.

What Makes Gab Different

We're not just another social network. We're a platform built on principles that matter.

Freedom of Speech & Reach

All First Amendment protected speech is welcome. No algorithmic throttling or shadow banning.

Family-Friendly Platform

We maintain a clean environment. Explicit adult content is strictly prohibited.

Western Nations Only

Third-world IPs are blocked. No scammers, no spam farms. Built for Western civilization.

Funded By Users

Our users are our investors and customers. You're not the product being sold.

Battle Tested

A decade of standing strong. Banned from app stores, banks—and still here.

American Owned & Operated

We reject foreign censorship demands. Built by Americans, for free people.