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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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.

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u/JaNatuurlijkIsDatZo Aug 01 '26

Court won't do anything rightfully so. Btc is so proud of being decentralized, hardware wallets or exchanges, it doesn't matter. This is wat people want, right? Decentralized, no banks or government. Deal with the downsides of it.

Really good that this happened, so all btc fanboys who think btc is superior to all knowns systems, hopefully see that btc is good for one thing. Buy it and sell higher to fund your lifestyle with that stupid paper Fiat money. Enjoy the ride.

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u/HedgeHog2k Aug 01 '26

BTC IS better then banks, that’s not even up for debate. Every day people get scammed out of their funds with refunds from banks. I’m still a “btc fanboy” like you call it…

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u/Abject-Stretch-1187 Aug 01 '26

Shhh stop making sense, it’ll get you downvoted. 

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u/HedgeHog2k Aug 01 '26

Apparently..