Chainalysis: 25% of Bitcoin Stolen in Coldcard Hack Traced to Canadian Holders

BitcoinWorld Chainalysis: 25% of Bitcoin Stolen in Coldcard Hack Traced to Canadian Holders Blockchain analytics firm Chainalysis has estimated that approximately 25% of the Bitcoin stolen in the recent Coldcard hardware wallet compromise originated from holders in Canada.

The attack, which has already resulted in reported losses exceeding $100 million, has drawn significant attention due to the scale of the theft and the targeted nature of the breach.

Scope of the Coldcard Hack Coldcard, a popular hardware wallet known for its focus on security, suffered a breach that allowed attackers to siphon funds from user wallets.

While the exact method of the attack has not been fully disclosed, initial reports suggest that the attackers exploited a vulnerability in the device’s firmware or supply chain.