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Coinkite CTO Faces Accountability as BTC Exploit Loss Approaches $120 Million

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FOMOGRAM Editorial Desk
Aug 4, 2026
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Coinkite CTO Faces Accountability as BTC Exploit Loss Approaches $120 Million
EXECUTIVE SUMMARY

Faulty randomness code linked to Coinkite CTO Peter Gray led to a Coldcard wallet breach resulting in approximately $114M BTC loss. Researchers confirm the exploit and issue urgent warnings for affected users.

Faulty randomness code linked to Coinkite CTO Peter Gray led to a Coldcard wallet breach resulting in approximately $114M BTC loss. Researchers confirm the exploit and issue urgent warnings for affected users.

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A major security exploit from faulty randomness in Coldcard wallets has led to over $114M in BTC loss, raising immediate security concerns for Bitcoin storage.

BTC OVERALL MARKET INDEX: 40 / 100 (BEARISH)

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