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Coldcard Hardware Wallet Flaw Lets Hackers Steal Over $130M in Crypto

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Hackers steal over $130M by exploiting bug in offline hardware wallets
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A serious security flaw in Coldcard cryptocurrency hardware wallets has been exploited by hackers, leading to the theft of more than $130 million in digital assets. Blockchain monitoring firms have confirmed the scale of the losses, which have affected numerous users worldwide.

The vulnerability allows attackers to drain funds from victims' wallets without physical access to the device, a significant breach of the security guarantees that hardware wallets are supposed to provide. Coldcard, known for its focus on security, has not yet released a full technical breakdown of the exploit, but users are advised to move their funds to secure addresses immediately.

This incident highlights the ongoing risks in the crypto ecosystem, even for users who adopt the most secure storage methods. Experts recommend staying updated with firmware patches and using multi-signature setups for large holdings.

TechnoVibes Opinion

This breach underscores that no storage method is infallible. It's a wake-up call for the industry to prioritize continuous security audits and for users to diversify their storage strategies.

Original source: https://techcrunch.com/2026/08/04/hackers-steal-over-130-million-by-exploiting-bug-in-offline-hardware-wallets/

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