Bullish

Coldcard Fourth Attack Wave May Have Stolen 388.93 BTC From 462 Victims

2026-08-03 10:12:44

Total Coldcard hardware wallet losses reach $88.6M across four waves. The unconfirmed fourth wave potentially compromised 388.93 BTC from 462 users.

Woofun AI reports that the Coldcard hardware wallet vulnerability has caused cumulative losses of $88.6 million across four distinct attack waves. The first and second waves resulted in the theft of 1,158.81 BTC from 2,673 victims, while the third wave affected 207.73 BTC from 293 monitored P2WSH vaults. The fourth wave remains unconfirmed but may involve 388.93 BTC stolen from 462 victims.

WOOFUN AI

Impact Assessment · Quick Read

The recurring nature of these exploits highlights persistent security vulnerabilities in hardware wallet firmware or companion software. With total losses nearing $90M, confidence in Coldcard's security model faces significant strain. Users may accelerate migration to alternative custody solutions, potentially impacting the competitive landscape of self-custody hardware providers.
Generated by WOOFUN AI · For reference only, not investment advice

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