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$1.6 Million Drained in a Blink: User Recounts His Dramatic Coldcard Wallet Hack

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FOMOGRAM Editorial Desk
Aug 2, 2026
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$1.6 Million Drained in a Blink: User Recounts His Dramatic Coldcard Wallet Hack
EXECUTIVE SUMMARY

A Canadian entrepreneur lost more than $1.6 million in Bitcoin (BTC) from a Coldcard hardware wallet in under seven minutes, part of a wave that may total 1,367.05 BTC. The case exposes an uncomfortable truth about self-custody: doing everything right may not be enough. How One Holder Lost 18 BTC in Seven Minutes Cold storage

A Canadian entrepreneur lost more than $1.6 million in Bitcoin (BTC) from a Coldcard hardware wallet in under seven minutes, part of a wave that may total 1,367.05 BTC. The case exposes an uncomfortable truth about self-custody: doing everything right may not be enough. How One Holder Lost 18 BTC in Seven Minutes Cold storage

FOMOGRAM SENTINEL GRAVITY TELEMETRY

A significant hack of a Coldcard wallet resulting in a $1.6 million loss raises concerns about self-custody security, potentially impacting Bitcoin's perceived safety.

BTC OVERALL MARKET INDEX: 50 / 100 (NEUTRAL)

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