<\/p>\n
Coinkite, whose Bitcoin security devices were compromised by a software bug, said it\u2019s working on a post-mortem of the days-long attack rather than speculating on the extent of customer losses.<\/p>\n
\u201cWe\u2019re heads down helping affected customers,\u201d Coinkite said in an emailed statement to Bloomberg News on Thursday.<\/p>\n
The hack, which first came to light last week, has unnerved Bitcoin investors because the physical \u201ccold wallet\u201d devices that Coinkite and others offer are considered one of the safest ways to secure digital tokens. They are physical tools unconnected to the internet that generate private codes customers can use to access their crypto.<\/p>\n
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Coinkite\u2019s ordeal has so far caused an estimated $130 million in losses to an unknown number of customers.<\/p>\n
The Toronto-based company would not comment on the estimates, saying third parties that analyse underlying data are better suited to do so. By design, the company doesn\u2019t collect such data for privacy reasons.<\/p>\n
\u201cWe\u2019re not in a position to independently confirm total losses or validate the specific figures being reported by third parties,\u201d the company said. \u201cWe won\u2019t speculate on a number we can\u2019t verify directly.\u201d<\/p>\n
Coinkite has published an analysis of what it knows so far, with real-time updates on a blog. It plans to produce a \u201cmore formal technical post-mortem\u2026as soon as it is safe to do so.\u201d<\/p>\n
Other analysts including Galaxy and Chainalysis have put out their own reports, while a larger effort from crypto experts has been happening, including by using sophisticated artificial-intelligence technology.<\/p>\n
\u201cWe\u2019d like to highlight an ongoing ecosystem-wide security audit,\u201d Coinkite said, \u201cwhich has so far found numerous critical bugs in key software systems across the ecosystem using frontier AI models.\u201d<\/p>\n
In a separate statement on its website, Coinkite said it temporarily suspended its automated data-blanking process \u201cdue to legal obligations arising from the security incident.\u201d The company added that it will resume its standard data-blanking practices \u201cas soon as we are legally permitted to do so.\u201d<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#Hacked #bitcoindevice #firm #plans #postmortem #eventually<\/p>\n","protected":false},"excerpt":{"rendered":"
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