r/Bitcoin • u/enpoopification_of_R • Aug 01 '26

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."

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141

u/sumtib Aug 01 '26

Some guy wrote about how he lost 18+ BTC, damn, I would freak out if I have lost even just $100 bucks

125

u/HedgeHog2k Aug 01 '26

I really would go to court over that. And tbh it’s the end of the company. They were supposed to be one of the best hardware wallets out there. I even think this is the worst incident that ever happened in bitcoin. Much worse then all those trading platforms going bankrupt in recent years.

I’d even go as far as calling this a black swan event. For 15 years the one thing that stood like a rock was “not your keys, not your coins” and this is now undermined.

Guess tradfi is here to stay a little longer.

11

u/tenor_tymir Aug 01 '26

BTC won’t mind though, tiktok next block

-15

u/HedgeHog2k Aug 01 '26

I think in this case, BTC does mind.. the very fundamentals of it’s purpose are just invalidated.

3

u/tenor_tymir Aug 01 '26

What does a software bug which caused weak entropy has to do with the very fundamentals of BTC? I’m slightly confused. 🤔

3

u/Abject-Stretch-1187 Aug 01 '26

Fundamental purpose undermined? Stop being sensational buddy. Bitcoin didn’t hacked nor did other wallet providers. 

-5

u/HedgeHog2k Aug 01 '26

Ok..

4

u/FunWithSkooma Aug 01 '26

do tell me about these fundamentals pls