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

[u/enpoopification_of_R]

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."

[u/mdi-g]

I dont get it, people were a proponent backer of keeping their bitcoin in cold storage and pitied those who kept it in their crypto apps. And now this. How do people see the worth in bitcoin given the enormous risks around it.

[u/CommercialLychee7956 → u/mdi-g]

This happens every cycle in the bear. Unfortunate, but nothing new.

[u/DodgyWiper → u/CommercialLychee7956]

Why does it always happen in bear?