CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: 'Nothing Is 100%'

Here is the latest from the digital-asset markets: In brief CZ warned on X that even hardware wallets and long-established wallets can have bugs, suggesting holders split their funds across several wallets to mitigate risk while noting no setup is fully foolproof. The warning follows a Coldcard exploit stemming from a March 2021 firmware build error that drew seeds from a software fallback instead of the hardware generator, making private keys far easier to guess.

Galaxy Research, mapping the fund flows from a pattern identified by Block engineers, now pegs losses at about 1,082. 2 million) across 1,196 addresses—nearly double the original $38 million estimate.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.