An estimated 2,055 BTC (~$130 million) and counting has been drained in the days following the discovery of the attack, which began with an attack that saw 594 BTC ($38 million) drained from about 500 separate wallets. The first attack seemed to intentionally target higher-value wallets, with only wallets containing 0.15 BTC (~$9,500) or more impacted. Attacks have come from an estimated 15 unique groups, according to Galaxy Research.
Hardware wallets are often used by more security conscious users, or those with more significant sums of money at risk, because the lack of internet connection makes the devices less vulnerable to phishing or malware-based attacks. However, if a wallet seed phrase can be obtained by an attacker, the lack of internet connection is no barrier to theft. Coldcard describes itself as "ultra-secure", and its website is filled with reviews describing the product as "one of the most secure Bitcoin hardware wallets ever built".
