Galaxy Research found 1,196 addresses which lost 1,082,65 Bitcoins in just 41 minutes, extending the scope of this incident.
Galaxy Research is the research arm for crypto investment company Galaxy Digital. It identified 1196 addresses that were linked to the Coldcard Wallet incident, which resulted from the loss of 1,082.65 BTC, or $70.2 Million at the time.
Galaxy Research traced Bitcoin’s movements from 1:10 to 1:51 am UTC, July 30, between blocks 960.183 and 960.191, approximately 30 hours before Coldcard released its first advisory. according Post an X on Friday.
Rob Hamilton, AnchorWatch’s CEO and founder, estimated earlier that the incident was a result of a misunderstanding. 594.48 Bitcoin, worth around $38 millionWithin a window of three blocks,. moved 500 transactions.
Galaxy Research Later said There was a common pattern in the transactions, which included identical fees per virtual bytes of 30 satoshis and no outputs. The company said The initial attack activity can be identified on-chain by this fingerprint, however future attacks targeting Coldcard addresses might not use the same fingerprint.
Rodolfo Novak, co-founder of Coinkite said In a Friday X posting, the company took responsibility for the bug in the firmware and said that it is currently working to identify the scope of the problem.
Novak confirmed that Coinkite had released a software hotfix in order to eliminate the software fallback, but warned the users of vulnerable firmware not to worry as the update will not provide protection for seeds. Novak advised those who created seeds using vulnerable firmware to transfer their funds into a different seed.
Related: SecondFi to wind down after $2.6M ADA theft linked to wallet flaw
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Source: cointelegraph.com
