DART said it worked with independent white-hat researchers to recover more than 50 BTC from wallets affected by the COLDCARD entropy vulnerability, transferring the funds before a malicious actor could take them. The group described itself as a digital asset recovery organization that works with white hats to protect vulnerable funds and coordinate their lawful return to owners. It added that the researchers did not request a bounty and intend to return the bitcoin to the rightful owners.
The recovered BTC has been placed into Crypto Recovery Trust, a special-purpose statutory trust formed under Wyoming law. According to DART, the trust will hold recovered digital assets until lawful owners are identified and verified. It will document the recovery process, keep the BTC separate from funds belonging to DART and the researchers, carry out blockchain analysis, ownership verification, and sanctions screening, and provide a lawful return process for verified owners. If ownership is disputed, or if the funds are tied to sanctions or criminal proceedings, the BTC will be handled under applicable legal procedures. DART also said other vulnerable assets and recovery leads remain under review.
According to Bitcoin News monitoring cited by ChainCatcher, DART said it worked with independent white-hat researchers to recover more than 50 BTC from wallets affected by the COLDCARD entropy flaw, moving the funds before a malicious attacker could steal them.
DART described itself as a digital asset recovery organization. It said it works with white-hat researchers to protect vulnerable funds and coordinate their lawful return to owners. The researchers did not ask for a bounty and will return the bitcoin to the owners, according to DART.
Recovered BTC moved into Crypto Recovery Trust
The recovered BTC has been transferred to Crypto Recovery Trust. DART said the trust is a special-purpose statutory trust established under Wyoming law to hold recovered digital assets and return them after lawful owners are identified and verified.
Trust to document recovery and verify ownership
According to DART, the trust will document the recovery process, separate the BTC from funds belonging to DART and the researchers, and carry out the following work:
- Blockchain analysis
- Ownership verification
- Sanctions screening
- A lawful return process for verified owners
If ownership is disputed, or if the funds are involved in sanctions or criminal proceedings, the BTC will be handled under applicable legal procedures.
DART also said other vulnerable assets and recovery leads are still under review.
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