Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Technology

Hackers hit Bitcoin’s safest hiding place in ongoing attack

Hackers have found a software flaw in a brand of “cold” Bitcoin wallet, considered one of the safest places to store cryptocurrency and are siphoning tens of millions of dollars in an ongoing attack.

Late last week, Canada-based Coinkite Inc. notified users of its Coldcard devices that a security flaw in the keys that protect their Bitcoin had compromised some wallets. By Monday, roughly 1,367 of the tokens worth some $86 million had been drained from more than 4,500 wallets, according to Galaxy Research.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.