Crypto News1 MIN READ
CRYPTOBEARISH
Hardware Wallets Expose Bitcoin Holders to Massive Losses After Firmware Flaw Enables Remote Drains
FG
FOMOGRAM Editorial Desk
Aug 2, 2026
EXECUTIVE SUMMARY
A firmware bug in Coldcard devices allowed attackers to drain over 1,000 BTC worth around $70 million from dormant wallets in under an hour on July 30. Binance founder CZ urged users to diversify holdings across multiple wallets for better protection.
A firmware bug in Coldcard devices allowed attackers to drain over 1,000 BTC worth around $70 million from dormant wallets in under an hour on July 30. Binance founder CZ urged users to diversify holdings across multiple wallets for better protection.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
The firmware bug that allowed the draining of over 1,000 BTC raises significant security concerns, likely leading to bearish sentiment among Bitcoin holders.
BTC OVERALL MARKET INDEX: 15 / 100 (BEARISH)
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