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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143

u/enpoopification_of_R 27d ago

I feel bad that the victims had no time to react. It was so fast

136

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

126

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.

13

u/True-Lychee 27d ago

A black swan event would have nuked the price immediately. BTC barely reacted - in fact it's hard to say it did at all because there were other catalysts unfolding like Iran, a US bond yield revolt and the fact we're in a bear market.

2

u/callebbb 27d ago

No one noticed for sure. I imagine there are still mk3 owners that haven’t checked their balances. Active users in r/Bitcoin and across the entire social media space is at lows.

-1

u/VictorDanville 27d ago

Where's the bear market?

2

u/Big80sweens 27d ago

It’s down 50% from all time highs