Coldcard Whitehats Move 52.37 BTC to Recovery Trust
Galaxy Digital said the sweep represents 2.8% of tracked exploit funds and includes coins identified as whitehat recoveries.
- On Monday, whitehat operators moved 52.37 BTC to the Crypto Recovery Trust, a Wyoming statutory trust established to reunite recovered assets from the July Coldcard hardware wallet exploit with their rightful owners.
- Exploiting firmware flaws dating from 2021, attackers compromised Coldcard devices to generate weak seeds instead of using dedicated random number generators, resulting in estimated losses of over $100 million in Bitcoin across multiple attack waves beginning July 30.
- Galaxy Digital Head of Research Alex Thorn confirmed the transaction in block 967,948, stating the 52.37 BTC represents 2.8% of tracked exploit funds and includes 3.0134 BTC with no prior tracking history.
- Managed by Agentic Trace LLC, the Crypto Recovery Trust holds these assets through a formal process including blockchain analysis, proof-of-ownership verification, and sanctions screening before reunification with original owners.
- Independent researchers like DART continue monitoring vulnerable addresses for additional recoverable funds, while Coinkite advises users uncertain about their device's entropy conditions to migrate seeds to prevent further compromise.
18 Articles
18 Articles
White Hats Move Over $4.5 In Bitcoins From Coldcard To Recovery Trust
White hats have moved bitcoin from the hacked Coldcard signing devices to a trust for would-be victims to reclaim, Galaxy Digital’s Alex Thorn has said. Writing on X on Monday, Thorn said that the funds were taken by white hats to protect potential victims. They are now apparently sitting in an address controlled by Crypto Recovery Trust, a Wyoming Trust created to help white hats return funds to victims. A total of 52.37 of the bitcoins — wor…
A white hat hacker, also called an ethical hacker, moved about 52 bitcoins linked to the Coldcard wallet attack to a recovery address. The information was presented on Monday (21) by a Galaxy Research analyst. Although the amount represents a small fraction of the total stolen value, estimated at over 1,700 bitcoins, [...] Source: Ethical hacker moves 52 bitcoins linked to Coldcard wallets and promises to return coins See more news about Bitcoin…
At the last second: security researchers secure $4.5 million in Bitcoin from a Coldcard exploit. Thus, affected persons check whether their coins have been saved. Source: BTC-ECHO BTC-ECHO
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