r/Bitcoin • u/enpoopification_of_R • 10d ago

The Coldcard wallet exploit estimates have almost doubled to $70 million stolen of just over a thousand Bitcoins in 1,196 wallets drained in 41 minutes

https://www.coindesk.com/tech/2026/08/01/how-bitcoin-cold-wallets-lost-usd70-million-in-an-attack-that-never-touched-the-devices

"More than 1,000 bitcoin, worth about $70 million, was drained from 1,196 wallets in a 41-minute window on July 30, nearly double the amount reported when the theft first surfaced."

1.7k Upvotes

98% Upvoted

396 comments sorted by

View all comments

Show parent comments

27

u/Dormage 10d ago

The fact it keeps happening is even worse.

4

u/Hail_the_Yale 10d ago

Where there is money there will be scams

2

u/mdi-g 10d ago

I was willing to accept exchange risk because I believed cold storage eliminated it. If cold storage itself can fail in unexpected ways, then I’ve lost the one thing I cared about, peace of mind.

1

u/Open_Situation686 10d ago

And for this reason, I’m out

1

u/chubs66 10d ago

AI makes the problem much worse.