Hardware Wallets
Ongoing coverage on Hardware Wallets.
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People are being robbed of crypto by a tiny chip implanted in their hardware, with $100 million said to have been stolen…
A supply chain attack, reportedly involving a reseller named CryptoBilis, has led to the theft of at least $86 million in cryptocurrency from Ledger hardware wallets. An unauthorized hardware implant, discovered after removing the device's battery, appears to have been soldered behind the screen to extract information. Ledger is investigating and advising affected users to move their funds to a new seed on a new device.
Russia’s hardware wallet demand doubles ahead of new crypto rules
Demand for hardware wallets in Russia has doubled ahead of new cryptocurrency regulations set to take effect on September 1, 2024. Retailers M.Video and Wildberries reported significant increases in unit sales, with customers opting for more affordable models. The new framework will restrict crypto transactions to regulated entities and limit retail investor purchases, driving demand for non-custodial wallets to store private keys outside these channels.
A 12-Year-Old Bitcoin Wallet Just Moved $32M — For 12 Cents — As Coldcard Losses Near $130M
A Bitcoin wallet dormant since 2013 moved $31.8 million for just 12 cents, occurring amidst ongoing security concerns for Coldcard hardware wallets. Coinkite, the maker of Coldcard, has stated that all its models are exposed due to a flaw, leading to potential losses estimated at $130 million and advice for users to migrate their funds.
“Migrate your funds”: Coinkite urges Coldcard holders to act as bitcoin thefts near $114M
Coinkite is urgently advising Coldcard hardware wallet users to migrate their Bitcoin funds due to an ongoing exploit that has already resulted in approximately $114 million in stolen funds. The vulnerability, present since 2021, stems from insufficient randomness in seed generation on specific devices and firmware versions. Users are instructed to upgrade their devices, generate new seeds, and carefully transfer their assets to mitigate the risk.
