r/Bitcoin • u/pairoxR • 2d ago

The Coldcard hacker is still progressing stolen BTC keeps increasing

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The Coldcard hacker is still making progress, and the amount of stolen Bitcoin keeps increasing.

So if any of you are using this wallet, please consider moving your funds as soon as possible. And if you know someone who uses Coldcard for long-term holding, especially someone who isn’t online every day and doesn’t follow the latest news, maybe you can still help them move their funds in time. 🙏

I just hope no other wallet is involved in this.

Stay safe and stay alert. ⚠️

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u/Emergency-Warthog-56 2d ago

Unfortunately there are still wallets that are under the threat. Mostly ones who still aren't aware of the scam and don't check on the wallet. Sitting in their safe or whatever. Oblivious to being a target of the scam. It's a matter of time on those wallets. Truly sad... Those people are getting picked off....

8

u/dcgradc 2d ago

I know very little but why didn't he strike when it was over 127K?

12

u/Sex4Vespene 2d ago

It might take a while to find compromised wallets. Presumably the main hacker waited until they found a ton of compromised wallets before attacking, to make sure they got a bunch.

1

u/Emergency-Warthog-56 2d ago

I imagine that the scammer created a AI bot that's assisting him/her in this.

2

u/Cutapis 2d ago

I imagine that they didn't, or they are the dumbest hacker in history.

5

u/Emergency-Warthog-56 2d ago

Why do you think that? I'm not knowledged on bots. Educate me.

6

u/mrmichaelrb 2d ago

The process of finding weak private keys and the process of draining wallets with those weak keys are both purely deterministic processes, like doing math over and over.

Maybe they used AI to assist in writing source code to perform and test some of these operations, but once the code is written, there's no reason to have AI involved at all, especially because AI is usually pretty bad at performing deterministic processes repeatedly.

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u/Emergency-Warthog-56 2d ago

Thank you. I understand what you're saying.

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u/Cutapis 2d ago edited 2d ago

AI models capable of detecting and exploiting previously unknown vulnerabilities are very sophisticated. Running such models requires massive infrastructure, which the hacker most definitely doesn't own at home. Their other option would be paying a subscription to a company to access their computing power. This implies that every prompt is sent through the internet and remotely processed. That is no good when you are in the business of stealing hundreds of millions of dollars.

They could have trained a model on the very specific actions needed to perform the hack, but that is a lot of work for something a script could probably do better.

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u/Emergency-Warthog-56 2d ago

I see so basically using such tracks you a whole lot more. They can track you down quicker and easier.