Cold Wallet Exploit Drains $89M as Bitcoin Returns to Exchanges

A major Bitcoin cold-wallet exploit has now spread across more than 4,500 addresses, with estimated losses approaching $89 million.

The attacker reportedly reconstructed weak recovery seeds without stealing the physical devices, infecting victims’ computers or accessing the wallets directly. The discovery has caused some Bitcoin holders to move their funds back onto centralised exchanges—the opposite of what happened following the collapse of FTX.

In today’s Daily Crypto Roundup, we explain how the Coldcard vulnerability may have worked, why updating an affected device may not protect an existing wallet, and what Bitcoin holders need to understand about secure seed generation.

We also cover Strategy’s decision to maintain the dividend on its STRC preferred shares at 12%, despite the stock remaining below its intended $100 level.

Finally, SpaceX shares approach a crucial support level ahead of the company’s earnings report and the expected unlocking of hundreds of millions of insider shares.

Today’s stories: • Bitcoin cold-wallet losses approach $89 million • More than 4,500 wallet addresses potentially affected • Bitcoin moves back onto centralised exchanges • Strategy maintains its 12% STRC dividend • SpaceX approaches earnings and its insider-share unlock

This content is for informational purposes only and does not constitute financial advice. Cryptocurrency trading and investing involve a risk of loss.

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