ZachXBT Declines to Investigate $88M Coldcard Bitcoin Hack

ZachXBT Declines to Investigate $88M Coldcard Bitcoin Hack

TL;DR: Blockchain investigator ZachXBT confirmed that he will not trace the theft of approximately $88.6 million in Bitcoin linked to Coldcard wallets. The security breach affected more than 4,500 addresses following an entropy flaw in the random number generator of Coinkite’s firmware. The analyst justified his decision citing previous instances of non-payment and lack of bounty rewards from assisted projects and influencers. On-chain investig…

Bitcoin's Best July in a Year Came Without Wall Street's Help

Bitcoin opened August trading near $63,500, a level roughly 1% above the intraday low it touched on July 31. That stability capped a month in which the CoinDesk 20 gained 8.7%, the biggest monthly advance in about a year, tracking close to bitcoin's median July return of roughly 8.6% since 2013. On that measure, July landed almost exactly on the seasonal schedule investors have come to expect.The demand data underneath that number tells a differ…

ZachXBT Walks Away From $88.6M Coldcard Hack as Bitcoin Community Takes Heat

Blockchain investigator ZachXBT won’t touch the Coldcard case. He made it plain: his attention goes to ecosystems that actually value… Read the original on ZachXBT Walks Away From $88.6M Coldcard Hack as Bitcoin Community Takes Heat. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

ZachXBT Refuses to Trace the $88M Coldcard Hack

Blockchain investigator ZachXBT says he has no plans to trace the $88.6 million Coldcard hack, telling followers that Bitcoin’s community has offered him little support in return for his work in years past. ZachXBT Says He Has “Less Obligation” to Help The prolific onchain investigator, known for unmasking hackers behind some of crypto’s biggest thefts, […]

ZachXBT Sits Out $88M Coldcard Investigation: Unpaid Bounties and Broken Promises

When ZachXBT publicly announced he was sitting out the investigation into the massive Coldcard hardware wallet exploit, he put into words a specific kind of exhaustion that builds up after years of doing unpaid, high-stakes work for an industry that only remembers to say thank you when it needs something.And instead of the usual deflection, he explained exactly why, complete with receipts of people who promised to pay him and then didn't.The Que…