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Hardware Wallets Expose Bitcoin Holders to Massive Losses After Firmware Flaw Enables Remote Drains
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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.
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