Whitehats Move 52 Bitcoin From the Coldcard Hack to a Recovery Trust
Galaxy Digital said the sweep represents 2.8% of tracked exploit funds and includes coins identified as whitehat recoveries.
- On Monday, whitehat operators moved 52.37 BTC to the Crypto Recovery Trust, a Wyoming statutory entity, safeguarding assets from the July Coldcard hardware wallet exploit.
- The Coldcard exploit began July 30 after attackers exploited firmware flaws to generate weak Bitcoin seeds, resulting in estimated losses of over $100 million across multiple attack waves.
- Galaxy Digital Head of Research Alex Thorn confirmed the transaction in block 967,948, stating the 52.37 BTC represents 2.8% of tracked exploit funds with an additional 3.0134 BTC of untracked origin.
- Managed by Agentic Trace LLC, the Crypto Recovery Trust holds these assets through formal blockchain analysis and proof-of-ownership checks before returning funds to rightful owners.
- Coinkite advises users uncertain about entropy conditions to migrate seeds, while independent researchers like DART continue monitoring for additional vulnerable addresses as recovery leads remain under review.
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When a whitehat group moves over 52 stolen Bitcoins to a public address with a message written above the blockchain, it is not a technical detail to be archived: it is evidence that Bitcoin Coldcard recovery is entering a more mature phase, with a legal structure ready to return funds to the legitimate owners. [...]
Whitehats move 52 bitcoin from the Coldcard hack to a recovery trust | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting
“Whitehat operators” have moved 52.37 $BTC to an address linked to a newly formed recovery trust, as part of the ongoing fallout from July's Coldcard hardware wallet exploit, according to Galaxy Digital's Head of Research Alex Thorn. The Coldcard crypto hardware wallet hack began on July 30, with multiple batches (waves 1, 2, and 3) […] Thank you for subscribing to our RSS feed!
Whitehat operators moved 52.37 BTC to a Coldcard hack-linked recovery fund, which caused losses of over $100 million
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