Coldcard Wallet Losses Approach $114M as Fourth Suspected Sweep Detected

The cryptocurrency community is on high alert as losses associated with the Coldcard hardware wallet may be approaching $114 million, with a possible fourth malicious sweep of funds now emerging. This latest development intensifies concerns over the security of self-custody solutions, particularly for Bitcoin (BTC) holders. Analysts are urging users to verify transaction addresses and device integrity, as the ongoing incident highlights critical vulnerabilities in hardware wallet supply chains. The potential fourth sweep suggests a coordinated effort, prompting a broader discussion on cold storage security best practices and the need for enhanced verification protocols within the crypto ecosystem.