{"id":51632,"date":"2026-09-22T17:20:11","date_gmt":"2026-09-22T17:20:11","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51632"},"modified":"2026-09-22T17:20:11","modified_gmt":"2026-09-22T17:20:11","slug":"white-hats-move-over-4-5-in-bitcoins-from-coldcard-to-recovery-trust","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51632","title":{"rendered":"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nWhite Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust<\/a><\/p>\n

<\/div>\n

White hats have moved bitcoin from the hacked Coldcard signing devices to a trust for would-be victims to reclaim, Galaxy Digital\u2019s Alex Thorn has said.\u00a0<\/p>\n

Writing on X on Monday, Thorn said<\/a> that the funds were taken by white hats to protect potential victims. They are now apparently sitting in an address controlled by Crypto Recovery Trust, a Wyoming Trust created to help white hats return funds to victims.\u00a0<\/p>\n

A total of 52.37 of the bitcoins \u2014 worth over $4.5 million at today\u2019s prices \u2014 were moved. Thorn added that the funds represented 2.8% of the coldcard exploit.\u00a0<\/p>\n

Criminals started taking<\/a> bitcoin stored using Coinkite\u2019s popular Coldcard hardware wallet on July 31.\u00a0<\/p>\n

Canadian company Coinkite said that a firmware bug in Coldcard devices caused seed generation to fall back to a weak software Pseudorandom Number Generator instead of the hardware true random number generator, allowing hackers to essentially guess investor seedphrases.\u00a0<\/p>\n

Galaxy Digital tracked the movement of funds and said 1,789.28 bitcoins were lost in the attacks. That\u2019s $154.1 million in bitcoin at today\u2019s prices.\u00a0<\/p>\n

Earlier this month, Nick Bax of universal market protocol Ump Labs said that he was involved in helping recover the funds.\u00a0<\/p>\n

\u201cFinally able to say that at the end of July, I was involved in the rescue of ~50 BTC which were \u201cimminently going to be stolen due to the COLDCARD entropy flaw,\u201d Bax wrote<\/a> on X.\u00a0<\/p>\n

He added: \u201cThe funds are currently held by a Wyoming trust, which will ensure that funds are returned to their rightful owners.\u201d<\/p>\n

Since the attack, cautious investors have been moving their coins to other storage solutions \u2014 including exchanges.<\/p>\n

Coinkite said in a statement that the bug in its software \u201csilently went unnoticed\u201d and \u201cits potential impact grew with every release\u201d of its products.\u00a0<\/p>\n

Days after the first hack, the company urged investors to update their software or move their funds off the popular hardware wallet.<\/p>\n

This post White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust White hats have moved bitcoin from the hacked Coldcard signing devices to a trust for would-be victims to reclaim, Galaxy Digital\u2019s Alex Thorn has said.\u00a0 Writing on X on Monday, Thorn said that the funds were taken by white hats to […]<\/p>\n","protected":false},"author":1,"featured_media":51633,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51632","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nWhite Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51632\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust White hats have moved bitcoin from the hacked Coldcard signing devices to a trust for would-be victims to reclaim, Galaxy Digital\u2019s Alex Thorn has said.\u00a0 Writing on X on Monday, Thorn said that the funds were taken by white hats to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=51632\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-22T17:20:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/09\/Pics-32.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust\",\"datePublished\":\"2026-09-22T17:20:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632\"},\"wordCount\":362,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Pics-32-AAMCpt.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632\",\"name\":\"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Pics-32-AAMCpt.jpg\",\"datePublished\":\"2026-09-22T17:20:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=51632\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Pics-32-AAMCpt.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Pics-32-AAMCpt.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=51632#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=51632","og_locale":"en_US","og_type":"article","og_title":"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust - Cryptomag","og_description":"Bitcoin Magazine White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust White hats have moved bitcoin from the hacked Coldcard signing devices to a trust for would-be victims to reclaim, Galaxy Digital\u2019s Alex Thorn has said.\u00a0 Writing on X on Monday, Thorn said that the funds were taken by white hats to […]","og_url":"https:\/\/cryptomag.finance\/?p=51632","og_site_name":"Cryptomag","article_published_time":"2026-09-22T17:20:11+00:00","og_image":[{"url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/09\/Pics-32.jpg","type":"","width":"","height":""}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=51632#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=51632"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust","datePublished":"2026-09-22T17:20:11+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=51632"},"wordCount":362,"image":{"@id":"https:\/\/cryptomag.finance\/?p=51632#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Pics-32-AAMCpt.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=51632","url":"https:\/\/cryptomag.finance\/?p=51632","name":"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=51632#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=51632#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Pics-32-AAMCpt.jpg","datePublished":"2026-09-22T17:20:11+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=51632#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=51632"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=51632#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Pics-32-AAMCpt.jpg","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Pics-32-AAMCpt.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=51632#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/51632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51632"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/51632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/51633"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}