More than $115 million in stolen Bitcoin. 1,778 BTC. 8,680 wallets affected. And it all started with Coldcard devices. đ¨
According to Galaxy Research, this figure has continued to grow since July 30 up to today, meaning it wasnât a one-time attackâit was a breach that was exploited continuously over weeks.
And this is where we, as a community, need to pause: Coldcard is (was) considered one of the most reliable cold wallets on the marketâthe exact kind of device people buy thinking, "here Iâm safe." Thatâs what makes this case so important to understand: this isnât just a centralized exchange failing; itâs the physical custody chain itself that was compromised.
The real lesson isnât "donât use hardware wallets." Itâs understanding that no device is 100% foolproof, and that crypto security is still a processânot a product you buy once and forget. Verifying firmware, checking your source of purchase, and staying informed about vulnerabilities remains ongoing work.
If you have funds in cold storage, this is a good time to review: where did you buy your device, did you verify the firmware, and do you really know how to respond if something like this happens?
Do you trust hardware wallets more, regulated exchanges, or do you prefer a mixed model? đ
#bitcoin
$BTC
$ETH
$SOL
According to Galaxy Research, this figure has continued to grow since July 30 up to today, meaning it wasnât a one-time attackâit was a breach that was exploited continuously over weeks.
And this is where we, as a community, need to pause: Coldcard is (was) considered one of the most reliable cold wallets on the marketâthe exact kind of device people buy thinking, "here Iâm safe." Thatâs what makes this case so important to understand: this isnât just a centralized exchange failing; itâs the physical custody chain itself that was compromised.
The real lesson isnât "donât use hardware wallets." Itâs understanding that no device is 100% foolproof, and that crypto security is still a processânot a product you buy once and forget. Verifying firmware, checking your source of purchase, and staying informed about vulnerabilities remains ongoing work.
If you have funds in cold storage, this is a good time to review: where did you buy your device, did you verify the firmware, and do you really know how to respond if something like this happens?
Do you trust hardware wallets more, regulated exchanges, or do you prefer a mixed model? đ
#bitcoin
$BTC
$ETH
$SOL
