what to watch for
Galaxy Research said victim addresses are still being compiled, and including suspected losses, the total could reach about 2,000 bitcoin, or roughly $130 million.
Read more Max Miller Wants Ethics Investigation Into Himself Over Abuse Allegations
tangent
The price of bitcoin stumbled to a three-week low on Friday, falling to around $62,700, though the leading cryptocurrency has since regained some ground, rising to just over $64,000 on Tuesday. That decline came after Strategy, the largest institutional holder of bitcoin, announced plans to offload $5 billion worth of the cryptocurrency. The sale is “appropriate for the company,” Strategy CEO Phong Le said, adding it would allow the company to build up its cash reserves and potentially fund stock repurchases.
Read more White House Rips Nicole Kidman AMC Ad: ‘We Come To This Place For MAGA’
key background
A Coldcard wallet generates a “seed,” or a string of random words that controls access. The randomness of the phrases is meant to be unpredictable, though the software bug present in Coldcard firmware—dating back to March 2021—meant the device was producing seeds with less randomness than advertised. That allows hackers to systematically guess those phrases and then drain crypto wallets.
Read more More Republicans Call For Max Miller’s Resignation Amid Abuse Allegations: Here’s What To Know
further reading
ForbesBitcoin Hits 3-Week Low As Strategy Plans $5 Billion SaleBy Ty Roush