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