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Hackers exploit software flaw in cold Bitcoin wallet, siphon funds

A software vulnerability in a cold storage Bitcoin wallet is being leveraged in an ongoing attack that is taking tens of millions of dollars, according to Insurance Journal.

Reported · Written up by our desk · Market Structure

Hackers have reportedly found a software flaw in a brand of cold Bitcoin wallet, which is marketed as a safer place to store cryptocurrency, and are using the weakness to siphon funds, Insurance Journal reports.

The outlet says the attack is ongoing and that the thefts amount to tens of millions of dollars.

Insurance Journal reports the activity began late last week, involving cold wallet software linked to Canada-based operations mentioned in the report.

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