Coldcard hack just grew to $75M, call your friends

Aug 1, 2026 7:52 PM

Hardware wallets are sold as unhackable vaults, but the $75M Coldcard theft proves they are dangerously vulnerable to a single line of bad code. By collapsing entropy from 128 bits to just 40, your "secure" seed became something anyone could brute-force with rented cloud computing. Even worse, updating your firmware won't save you; a weak seed is weak forever. If your "cold" storage can be drained without being touched, is it actually safe? Do you still trust hardware wallets?
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