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Bitcoin hardware wallet maker destroys some inventory after more than $88 million stolen

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Bitcoin hardware wallet maker destroys some inventory after more than $88 million stolen

A bitcoin hardware wallet manufacturer destroyed portions of its inventory following a firmware vulnerability that enabled thieves to steal over $88 million from customers. The company took this action to address security flaws in the affected devices and prevent further losses.

Why it matters: Bitcoin and cryptocurrency users relying on this hardware wallet face direct financial exposure; organizations holding significant cryptocurrency should immediately verify their wallet firmware status and consider asset recovery steps.

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