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$40M Bitcoin stolen from Coldcard wallets sparks crash fears below $58K

Market News
31 Jul 2026
Forbes
View Source
Bearish
pluang ai news

A security flaw in Coldcard hardware wallets led to the theft of about $40 million worth of bitcoin from nearly 600 wallets. The flaw involved predictable key generation, compromising wallets that users believed were secure. This has caused a drop in bitcoin prices, though it remains above $60,000, with fears it could fall below $58,000. Experts warn users to move funds to new wallets with new seeds, as firmware updates do not fix compromised keys. The incident raises concerns about increased crypto attacks fueled by AI tools, with a race against time to secure assets.

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