{"id":49061,"date":"2026-08-03T14:05:38","date_gmt":"2026-08-03T14:05:38","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49061"},"modified":"2026-08-03T14:05:38","modified_gmt":"2026-08-03T14:05:38","slug":"coldcard-bitcoin-theft-continues-now-estimated-over-114-million-in-total-stolen","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49061","title":{"rendered":"Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen"},"content":{"rendered":"<p><a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><br \/>\n<img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/08\/Coldcard-Bitcoin-Theft-Continues.jpg\" \/><br \/>\n<a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/coldcard-bitcoin-theft-continues\">Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen<\/a><\/p>\n<div><\/div>\n<p class=\"wp-block-paragraph\">Hackers continue to drain Coldcard Bitcoin wallets, with the total amount stolen now estimated to be standing at over $114 million.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">A fourth wave of attacks likely started on Sunday evening, <a href=\"https:\/\/x.com\/intangiblecoins\/status\/2084079706320646300\">according<\/a> to Galaxy Research\u2019s Alex Thorn. Posting at around 7:50pm in New York, he revealed then that 388.9 Bitcoins worth over $29 million had been moved in new transactions that were highly likely to be part of the theft.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Hackers started by taking over $35 million in Bitcoin from wallets on Thursday. Coinkite, which makes Coldcard, said that a firmware bug in Coldcard Mk3 devices \u2014 starting with version 4.0.1 in March 2021 \u2014 caused seed generation to fall back to a weak software Pseudorandom Number Generator instead of the hardware true random number generator, allowing hackers to essentially guess investor seedphrases.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The theft continued throughout the weekend while Coinkite and other Bitcoiners urged Coldcard users to immediately move their funds.<\/p>\n<p class=\"wp-block-paragraph\">Posting on X on Monday, Trezor\u2019s Josef T\u011btek wrote that the biggest transaction in the ongoing theft so far was 51 Bitcoins.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The biggest drained address (so far) is 51 BTC. Damn. Imagine owning 50+ btc in cold storage and losing it all. Must be absolutely crushing. <a href=\"https:\/\/t.co\/qu6CiQOjeV\">pic.twitter.com\/qu6CiQOjeV<\/a><\/p>\n<p>\u2014 Josef T\u011btek (@JosefTetek) <a href=\"https:\/\/x.com\/JosefTetek\/status\/2084196479292346599?ref_src=twsrc%5Etfw\">August 3, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p class=\"wp-block-paragraph\">Coinkite has since admitted all of its models were vulnerable following more thefts. Engineers have warned that all Bitcoin addresses related to Coldcard could be <a href=\"https:\/\/bitcoinmagazine.com\/news\/coldcard-security-risk-immediate-action-required\">at risk<\/a> eventually.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The company said Sunday that it was asking \u201chard questions about our company.\u201d<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe last three days have been some of the hardest in this company\u2019s history, and for a lot of the people reading this, they\u2019ve been something much worse,\u201d Coinkite said.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">\u201cMoney that took years to save, gone. Trust that took years to build, broken. That impact is real, and for some, the damage is permanent.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The company added that it had destroyed its remaining Coldcard inventory manufactured with the vulnerable firmware, and shipments of the product have been halted.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Coinkite makes a number of Bitcoin products, including the popular cold storage hardware wallets.<\/p>\n<p class=\"wp-block-paragraph\">Engineers at payments company Block investigated the hack and reported that the hackers used a top blockchain services provider for help in moving the funds, and that they\u2019ve contacted the provider and federal authorities with their findings.\u00a0<\/p>\n<p>This post <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/news\/coldcard-bitcoin-theft-continues\">Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen<\/a> first appeared on <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a rel=\"nofollow\" href=\"https:\/\/bitcoinmagazine.com\/authors\/mathewdisalvo\">Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen Hackers continue to drain Coldcard Bitcoin wallets, with the total amount stolen now estimated to be standing at over $114 million.\u00a0 A fourth wave of attacks likely started on Sunday evening, according to Galaxy Research\u2019s Alex Thorn. Posting at around 7:50pm [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49062,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-49061","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49061\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Coldcard Bitcoin Theft Continues, Now Estimated Over $114 Million In Total Stolen Hackers continue to drain Coldcard Bitcoin wallets, with the total amount stolen now estimated to be standing at over $114 million.\u00a0 A fourth wave of attacks likely started on Sunday evening, according to Galaxy Research\u2019s Alex Thorn. 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