Hackers made away with more than $100 million worth of Bitcoin from thousands of supposedly secured “cold” wallets hosted by Canada-based company Coinkite.
As Bloomberg reports, the hackers managed to infiltrate the wallets despite clients having a physical hardware key associated with their accounts, which was supposed to provide nearly impenetrable security.
“The moment it loaded I knew I was screwed because I saw red lines for withdrawals,” one of the victims, Johnathan Goodman, told Bloomberg. “Between 9:36 and 9:43 pm on July 29th, all three of my wallets were completely drained.”
Crypto insights company Galaxy Research estimated that around $110 million worth of Bitcoin had been drained from around 5,000 wallets last week, a figure that grew to at least 7,300 by Monday.
