Coldcard Wallet Losses May Approach $114 Million Amid Potential Fourth Sweep
A potential fourth sweep of Coldcard wallets could push total losses close to $114 million, as reported by CoinDesk.
Losses associated with Coldcard wallets may be nearing $114 million, according to CoinDesk. This follows the emergence of what could be a fourth sweep targeting these wallets. The ongoing situation suggests a significant financial impact on users of the affected hardware.
The transactions observed in the mempool are reportedly signaling 'replace-by-fee' (RBF). This mechanism allows for a transaction to be replaced with a new one that includes a higher fee, potentially accelerating its confirmation on the blockchain.
Users who identify their addresses within the mempool have a limited window of opportunity to act. They can attempt to move their funds by paying a higher transaction fee, effectively front-running the potential sweep. This requires constant monitoring and quick action from affected individuals.
Original reporting
This brief condenses the reporting linked above and adds analysis based on NomadCard's live fee dataset. It is not financial advice. Corrections: if you spot an error, reach us via the contact page.