Coldcard Hacker Stole $30M in 10 Minutes by Hitting Big Wallets

Blockchain analytics firm Chainalysis shared new details about a major security breach affecting Coldcard users. The attacker made off with roughly 30 million dollars in just 10 minutes by focusing entirely on the largest wallets first. In total, the sweep reached over 500 wallets and resulted in losses exceeding 38 million dollars.

This rapid draining strategy shows how efficiently bad actors can strike when they find a weak spot. The incident exposed lasting risks for anyone who generated seed phrases using vulnerable firmware versions. Security experts advise all users to stay alert and check their firmware status to protect their funds.

Traders and long term holders should watch for official updates from hardware wallet makers and follow best security practices. Incidents like this highlight the importance of physical security and regular firmware checks in the crypto space. Always verify your setup to keep your digital assets safe from sudden threats.