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$100M Coldcard wallet hack exposes 5,000 crypto security flaws, sparking urgent fund migrations.

Market News
08 Aug 2026
Forbes
View Source
Bearish
$100M Coldcard wallet hack exposes 5,000 crypto security flaws, sparking urgent fund migrations.

A $100 million hack on Coldcard bitcoin hardware wallets has revealed nearly 5,000 security vulnerabilities across 400 crypto projects, including 85 critical bugs. This has shaken investor confidence and kept bitcoin prices near recent lows. A volunteer group of developers is conducting a large-scale AI-driven security audit to address these issues. Coldcard developers urge users to urgently move their funds as the threat remains active, while stolen bitcoins worth $36 million are currently held by the hacker's wallet, highlighting ongoing risks in crypto security.

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