Cryptocurrency articles

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A Coldcard firmware flaw let hackers drain $70 million in Bitcoin in 41 minutes, with losses now topping $88 million

Why it matters: A hardware wallet is supposed to solve one problem: keep your Bitcoin keys somewhere no attacker can reach them. This week showed what happens when the flaw sits inside the wallet itself. A firmware bug that's been shipping in Coldcard devices since 2021 let an attacker guess supposedly random seed phrases from the outside, no physical access, no phishing, no malware required, and drain funds from thousands of addresses. The running total is already past $88 million, and it's still climbing.
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Fake downloads of popular PC utilities are quietly installing crypto miners on enthusiast PCs

Link poisoning enters the AI era – cryptojackers target GPU owners via chatbots
PSA: PC enthusiasts downloading tools like Display Driver Uninstaller, CrystalDiskInfo, or similar utilities should take a closer look at where those downloads are actually coming from. Microsoft has uncovered an active cryptocurrency mining campaign targeting the kinds of high-end machines most likely to run benchmarking and maintenance software.
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Peter Molyneux's $50 million NFT game left most players with heavy losses

The game reportedly died within weeks, leaving most with losses instead of rewards
Winners & losers: Peter Molyneux's play-to-earn blockchain game Legacy launched in 2023 and has long since gone offline. His studio, 22cans, is now focused on Masters of Albion. But while Legacy brought in more than $50 million for the studio two years before it even launched, a new report suggests that virtually no players turned a profit, and many suffered staggering losses.
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South Korea's tax office lost millions in crypto after accidentally posting the wallet's master key

A basic security lapse raises bigger questions about crypto oversight
Facepalm: Last month, South Korea's National Police Agency realized that 22 Bitcoin had been missing for years after officials failed to transfer the seized funds to a state-owned wallet. Now the country's National Tax Service has stumbled into an even more damaging mistake – effectively handing cybercriminals the keys to confiscated crypto.