Bitcoin
Why Bitcoin is down 2.5% today
Analysis
Bitcoin fell about 2.5% over the past 24 hours as traders reacted to reports of a Coldcard wallet flaw and ongoing thefts, which can weigh on sentiment by raising security concerns. Bitcoin Magazine reported that a Coldcard RNG/seed-related issue allegedly exposed years of seeds after roughly $70M in BTC was stolen, while BeInCrypto said the Coldcard theft is ongoing and urged users to check whether they’re affected.
Contributing Factors (3)
Coldcard Wallet Flaw Exposes Years of Bitcoin Seeds After $70M in BTC Stolen
Bitcoin Magazine Coldcard Wallet Flaw Exposes Years of Bitcoin Seeds After $70M in BTC Stolen Over $70 million in Bitcoin has been pinched. Coldcard has since urged its users to take precautions. This...
Coldcard Bitcoin Theft Ongoing: Is Your Wallet Affected?
An ongoing Coldcard Bitcoin theft has drained $38 million using weak wallet keys. Migrate your funds now. The post Coldcard Bitcoin Theft Ongoing: Is Your Wallet Affected? appeared first on BeInCrypto...
Satoshi Candidate Peter Todd Warns No Bitcoin Is Safe on Singlesig After $38 Million Coldcard Drain
Bitcoin dev Peter Todd slams hardware wallet security after an entropy bug in Coldcard devices allowed hackers to brute-force and drain 594 BTC.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.