Emily Long is simply a freelance writer based successful Salt Lake City.
After graduating from Duke University, she spent respective years reporting connected the national workforce for Government Executive, a publication of Atlantic Media Company, successful Washington, D.C. She has astir a decade of acquisition arsenic a freelancer covering tech (including issues related to security, privacy, and streaming) arsenic good arsenic individual finance and travel.
In summation to Lifehacker, her activity has been featured connected Wirecutter, Tom’s Guide, and ZDNET. Emily has besides worked arsenic a recreation guideline astir the U.S. and arsenic a contented editor. She has a masters successful societal activity and is simply a licensed therapist successful Utah.
It seems nary sooner does personification travel up pinch a method to support your integer information safe than hackers find a measurement to subvert it. Today's lawsuit successful point: Bad actors person stolen much than $130 cardinal successful cryptocurrency from users of offline hardware wallets, devices specifically meant to beryllium a safe action for securing bitcoin.
Hackers are attacking acold crypto wallets
As TechCrunch reports, aggregate groups of hackers person gained entree to Coldcard crypto wallets and are continuing to drain costs successful an ongoing theft. The wallets, made by Coinkite, are considered "cold," meaning they are not connected to the net aliases immoderate different device, and users' keys aliases seed phrases beryllium wholly offline. By contrast, "hot" wallets are connected to the net and see apps and browser extensions.
Typically, basking wallets are considered a greater information consequence for hacks, theft, malware, and ransomware, but this latest onslaught exploited a flaw successful Coldcard's seed building procreation process, compromising users' acold wallets. The vulnerability made seeds predictable, truthful threat actors were capable to brute-force victims' passwords—essentially, conjecture them via proceedings and error—and summation entree to their wallets.
Hackers carried retired much than 200 crypto attacks betwixt January and July of this year, starring to losses of $972 million. That's an summation successful the number of events, but a importantly little magnitude stolen, compared to the first six months of 2025.
How to protect your cryptocurrency wallet
According to Coinkite's information advisory, the vulnerability has now been patched for each affected firmware, truthful users should first instal disposable updates to their devices from the charismatic download pages (linked successful the advisory). Users should besides migrate their wallets to a caller seed building pursuing the circumstantial instructions successful the advisory.
While utilizing a acold wallet should supply greater protection, you whitethorn besides consider a diversified retention strategy for your cryptocurrency and time off minimal assets successful basking wallets astatine immoderate fixed time. That way, if 1 is compromised, it doesn't time off everything vulnerable.
Emily Long is simply a freelance writer based successful Salt Lake City.
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