Key Takeaways White hats beat Coldcard attackers to 52.37 BTC and moved the funds into a recovery trust. Thorn says 40% of funds from Coldcard’s Wave 2 were swept by white hats protecting victim funds. Crypto Recovery Trust now faces the task of returning 52.37 BTC to rightful owners. The Coldcard exploit looked like a straightforward disaster when bitcoin began disappearing from vulnerable wallets this summer. Attackers had discovered that some Coldcard seeds could be reconstructed offline, and the race was suddenly on to reach exposed coins. But Thorn’s investigation has uncovered a fascinating wrinkle in that story. Some of …


