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The Flaw That Drained $38M in Bitcoin in 25 Minutes | CoinDesk Daily
Description
594 Bitcoin gone.
A flaw in how Coldcard hardware wallets generated their keys let an attacker sweep roughly 594 bitcoin — about $38 million — from around 500 wallets in just 25 minutes. The bug traces back to a March 2021 firmware update. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
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JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.