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'I Followed All the Protocols': Coldcard Users Share Their Experiences of Losing Life Savings

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FOMOGRAM Editorial Desk
Aug 3, 2026
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'I Followed All the Protocols': Coldcard Users Share Their Experiences of Losing Life Savings
EXECUTIVE SUMMARY

Bitcoin enthusiasts who adhered to best practices for self-custody — utilizing air-gapped devices, steel seed plates, and safety deposit boxes — recount the harrowing experience of witnessing years of savings vanish within minutes as attackers exploited a vulnerability in Coldcard, resulting in the theft of over $114 million.

Bitcoin enthusiasts who adhered to best practices for self-custody — utilizing air-gapped devices, steel seed plates, and safety deposit boxes — recount the harrowing experience of witnessing years of savings vanish within minutes as attackers exploited a vulnerability in Coldcard, resulting in the theft of over $114 million.

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Victims of the Coldcard hack, despite following best practices, lost significant savings, further eroding trust in self-custody solutions.

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