A substantial $89 million has been siphoned from Coldcard Bitcoin wallets due to the exploitation of a longstanding vulnerability. This significant breach underscores the persistent risks associated with unpatched legacy bugs. The Coldcard wallets, designed for secure offline storage of Bitcoin, were compromised when an attacker leveraged this existing flaw, resulting in the massive loss of funds. The specifics of the vulnerability, including its designation and affected versions, have not been publicly disclosed, but the incident highlights the importance of maintaining up-to-date security measures and addressing known issues promptly. As cryptocurrency storage solutions continue to evolve, the need for robust security protocols and regular audits becomes increasingly critical to prevent such incidents. The financial impact of this breach serves as a stark reminder of the potential consequences of overlooking legacy vulnerabilities, so practitioners must prioritize thorough security assessments to safeguard assets1.
Coldcard Users Lose $89m After Bitcoin Wallet Is Hacked
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Why This Matters
A hacker has drained nearly $89m from Coldcard Bitcoin wallets after exploiting a legacy bug
References
- Infosecurity Magazine. (2026, August 3). Coldcard Users Lose $89m After Bitcoin Wallet Is Hacked. Infosecurity Magazine. https://www.infosecurity-magazine.com/news/coldcard-users-lose-89m-bitcoin/
Original Source
Infosecurity Magazine
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