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Coldcard exploit since 2021 led to over 714 BTC stolen, losses now exceed $115M.

Market News
18 Aug 2026
AMBCrypto
View Source
Bearish
Coldcard exploit since 2021 led to over 714 BTC stolen, losses now exceed $115M.

A Coldcard hardware wallet exploit first identified in March 2021 has resulted in the theft of roughly 714.8 Bitcoin from 192 victims, with most losses occurring between 2021 and 2022. The attack exploited a seed-generation flaw in the Coldcard firmware, allowing attackers to predict wallet seeds and steal funds. Galaxy Research's investigation revealed distinct attacker patterns and transaction behaviors, with total losses now surpassing $115 million based on Bitcoin's price in August 2023. This ongoing impact highlights the critical importance of secure wallet firmware and vigilance among cryptocurrency users.

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