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Coldcard's biggest security failure may have cost $70M

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FOMOGRAM Editorial Desk
Aug 1, 2026
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Coldcard's biggest security failure may have cost $70M
EXECUTIVE SUMMARY

An attacker has drained over 1,000 bitcoin (approx worth around $70 million) from nearly 1,200 wallets that used Coldcard hardware to generate a key seed, Galaxy Research revealed on Friday. The figure is substantially higher than the initial estimates made by the company 24 hours earlier. The potential losses involve all Coldcard users who created...

An attacker has drained over 1,000 bitcoin (approx worth around $70 million) from nearly 1,200 wallets that used Coldcard hardware to generate a key seed, Galaxy Research revealed on Friday. The figure is substantially higher than the initial estimates made by the company 24 hours earlier. The potential losses involve all Coldcard users who created...

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