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Home»Economy»Software Flaw in ‘Coldcard’ Bitcoin Wallets Leads to $116 Million Heist
Economy

Software Flaw in ‘Coldcard’ Bitcoin Wallets Leads to $116 Million Heist

Press RoomBy Press RoomAugust 3, 2026No Comments3 Mins Read
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Hackers have exploited a critical security vulnerability in Coldcard hardware wallets, draining approximately $116 million worth of Bitcoin from thousands of users in what experts are calling a major breach of cryptocurrency cold storage security.

Bloomberg reports that a significant security flaw in Coldcard brand hardware wallets has resulted in the theft of roughly 1,755 Bitcoin valued at approximately $116 million from more than 4,500 wallets, according to Galaxy Research. The ongoing attack represents one of the most significant breaches of so-called cold storage cryptocurrency wallets, devices specifically designed to keep digital assets offline and secure from hackers. The total amount stolen continues to grow, with earlier estimates putting the...

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Subramanyam: AI Companies Won’t ‘Do What’s In Their Best Interests’, Just ‘Enough’ to ‘Stay Ahead’, Be ‘Marketable’

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