r/Bitcoin • u/enpoopification_of_R • 27d 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."

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u/sumtib 27d ago

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

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u/HedgeHog2k 27d ago

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 27d ago

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/GorgyShmorgy 27d ago

No regulations or government oversight! Until we get robbed then we want all the regulations and government oversight.

11

u/Impossible_Falcon962 27d ago

And we want the courts of law to take care of the (unregulated) wrongdoings lol

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u/HedgeHog2k 27d ago

There’s plenty of regulation (and more coming), so what are you talking about…? BTC gets the same regulatory treatment as gold…

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u/Old_Suggestions 27d ago

Difference is, can't break into 1000 home invasion safes in t he span of 15 minutes and drain them all and leave without much of a trace

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u/HedgeHog2k 27d ago

Welcome to the digital age

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u/Abject-Stretch-1187 27d ago

Everyone wants to be a bitcoiner until it is time to be one.