\u201cWe think it might be a smaller exploiter. There\u2019s likely a few copycats after the initial exploit,\u201d a CertiK spokesperson told Cointelegraph. The 200 Ether (ETH) was transferred to Tornado Cash on Wednesday, according to CertiK\u2019s X post<\/a>.<\/p>\n Crypto mixing protocols such as Tornado Cash typically pool and then scramble the cryptocurrency from multiple users, breaking the publicly traceable onchain link between senders and recipients. This makes it difficult to trace the stolen funds, decreasing the chances of asset recovery.<\/p>\n In April, the hacker behind a $293 million Kelp DAO hack<\/a> laundered about 75,700 Ether, then worth $175 million, primarily through THORChain, generating about $910,000 in fee revenue for the protocol. The attacker also used the Umbra privacy protocol.<\/p>\n The Coldcard exploit<\/a> has now become the third-largest cryptocurrency hack so far in 2026. It drained at least $100 million in Bitcoin across three confirmed attack waves from 7,300 victim wallets, according to Galaxy Digital. The company also identified a suspected fourth wave<\/a> that could bring total losses to about $130 million in BTC.<\/p>\n TRM Labs said that a firmware bug from March 2021 weakened seed randomness on some Coldcard wallets, cutting key strength to 40 bits from 128 bits, making it \u201cbrute-forceable without physical access.\u201d\u00a0<\/p>\n Dragonfly managing partner Haseeb Qureshi wrote<\/a> that roughly \u201c$2 of AI hardening\u201d could have prevented the Coldcard exploit, citing social media reports that some AI models rediscovered the vulnerability that led to the attack in less than 20 minutes.\u00a0<\/p>\n Magazine: <\/strong><\/em>Does Botanix\u2019s failure prove Bitcoiners don\u2019t care about DeFi?<\/strong><\/em><\/a> \u00a0<\/strong><\/em><\/p>\n Related:<\/strong> Bitcoin price<\/a> \u00b7 BTC live chart<\/a> \u00b7 Ethereum price<\/a> \u00b7 ETH gas fee<\/a> \u00b7 Bitcoin price today<\/a> \u00b7 Top 10 cryptocurrencies<\/a><\/p>\n![\"\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-2272.png\")
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