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Crypto Hardware Wallets Hit in Estimated $70 Million Attack

An attack targeting crypto hardware wallets is estimated to have drained roughly $70 million from users. The report, carried by Bloomberg, indicates that even offline storage devices were compromised, undermining a common assumption that hardware wallets offer the strongest protection for digital assets. Details about which wallet makers are affected, how the attack was carried out, and who is responsible remain limited so far.

Why now: News of a large theft from devices widely considered the safest way to store crypto is shaking confidence among holders.

crypto hardware walletsBloomberg

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