Ledger Warns CryptoBilis Buyers as Analyst Fears Wider Losses
Ledger has asked CryptoBilis to pause sales as Darkfost warns losses could exceed an early $86 million estimate; the cause remains unconfirmed.
Cold Wallet - Page 4
A cold wallet is a physical device or offline storage medium used to secure cryptocurrency private keys. Unlike hot wallets, which are connected to the internet, cold wallets remain strictly offline, significantly reducing the risk of unauthorized access or cyber attacks. They typically come in the form of hardware devices, paper wallets, or dedicated offline computers. To execute a transaction, a user must temporarily connect the cold wallet to an internet-enabled device, sign the transaction offline, and then broadcast it to the network. This method ensures that the private keys are never exposed to online vulnerabilities. Because of their enhanced security, cold wallets are considered the safest method for storing large amounts of cryptocurrency over long periods.
Latest Cold Wallet News
France’s Crypto Crime Wave: 90 Cases in Just Seven Months
France recorded 90 crypto-related kidnapping, extortion, threat and violent-theft cases in just over seven months, according to figures supplied to Cointelegraph.
Analyst Flags $86 Million in Suspected Theft From Ledger Users
Specter has traced suspected theft addresses across Bitcoin, Ethereum and TRON, but the loss estimate, victim count and cause remain unverified.
Charles Hoskinson Challenges Vitalik Buterin’s AI Cryptography Warning
Cardano founder Charles Hoskinson disputes Ethereum co-founder Vitalik Buterin’s AI cryptography warning, saying delays to post-quantum migration could weaken internet security.
Buterin Warns AI Could Weaken Cryptography, Urges Calm
Vitalik Buterin warns that AI-driven mathematical advances could weaken cryptography, but says rushed wallet migrations can create risks of their own.
Ledger Adds USDC and USDT Loans Backed by Wrapped Bitcoin
Ledger Wallet adds USDC and USDT loans against cbBTC or wBTC through Morpho and Yield.xyz, with on-device signing, variable rates and liquidation risk.
US Treasury Drops FinCEN Wallet and Crypto Mixer Proposals
FinCEN is withdrawing two long-pending crypto reporting proposals, citing concerns about lawful privacy and compliance burdens while retaining illicit-finance oversight.
ZachXBT Says He Infiltrated $1B Lazarus Laundering Network
ZachXBT says he risked $349,700 to infiltrate an alleged Lazarus laundering network, identify more than $12 million in stolen funds and help secure a USDT freeze.
Bitget CEO Expects Little Recovery From $388M Hack
Bitget says about $1.1 million has been frozen after its $388 million hack, while its protection fund is replenished and investigators trace the breach.
SEC Proposes Crypto Custody Rules for Advisers and Funds
The SEC would allow conditional adviser custody and eligible state trust companies to hold crypto assets, with safeguards and a 60-day comment period.