Bitcoin ETF adoption surge after self-custody security crisis
The developments in this story so far, most recent first.
-
Development
Bitcoin Exchange-Traded Funds See Spike In Inflows Following Huge Hack
No separate article for this desk or language yet.
-
Development
Bitcoin ETF Inflows Surge Following $130M Coldcard Hack
No separate article for this desk or language yet.
-
· date approximate Background
The U.S. Securities and Exchange Commission (SEC) approved BlackRock's iShares Bitcoin Trust (IBIT) in 2024.
In 2024, the U.S. Securities and Exchange Commission (SEC) approved BlackRock's iShares Bitcoin Trust (IBIT).
-
· date approximate Background
The Coldcard firmware flaw originated from a 2021 software build issue that disabled the device's dedicated randomness chip.
The security vulnerability involving Coldcard wallets traces back to a software build issue in 2021. This flaw reportedly skipped the device's dedicated randomness chip, which allowed attackers to guess weak private keys.
The exploit resulting from this firmware flaw led to the drainage of Bitcoin from numerous addresses, with reports indicating that over $116 million worth of Bitcoin was taken from more than 5,200 wallet addresses.