Bullish

Coldcard Wallet Vulnerability Leads to $38.2M Bitcoin Theft from 500 Addresses

2026-07-31 14:19:59

A suspected Coldcard vulnerability resulted in the theft of 594.48 Bitcoin worth $38.2M from approximately 500 wallets, highlighting critical hardware security risks.

Woofun AI reports that a suspected vulnerability in Coldcard wallets facilitated the unauthorized transfer of funds from approximately 500 addresses. The stolen assets, totaling 594.48 Bitcoin valued at roughly $38.2 million, were consolidated into the destination address bc1qnk.

WOOFUN AI

Impact Assessment · Quick Read

This incident underscores persistent security risks within hardware wallet ecosystems, potentially eroding user trust in Coldcard's infrastructure. The scale of the breach may trigger broader scrutiny of similar devices and prompt exchanges to tighten withdrawal verifications for affected users.
Generated by WOOFUN AI · For reference only, not investment advice

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