The Daily Hodl
Hardware Wallets Hacked: $70 Million Bitcoin Drained in Under an Hour Due to Firmware Flaw
August 2, 2026•11:30 AM
A critical firmware vulnerability in Coldcard wallets allowed hackers to drain over 1,000 BTC worth approximately $70 million from dormant wallets in under an hour on July 30. The attack exposes serious security flaws in hardware considered the gold standard for Bitcoin storage.
The incident occurred during a coordinated attack that exploited a specific firmware flaw, enabling remote access and fund transfer without the owner's consent. CZ, Binance's founder, immediately recommended diversifying holdings across multiple wallets as a protective measure. This event raises urgent questions about the security of cryptocurrency storage solutions and the need for more rigorous independent audits.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
Read Full Article at The Daily Hodl⚡
Support Jornal Bitcoin
Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.
Wallet of Satoshi
jonata@walletofsatoshi.comDaily Crypto Brief 📬
Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.
Join more than 10,000 smart readers.
Related News
CoinDesk
Future of Crypto Payments Won't Need On-Ramps or Bridges, Fun CEO Claims
Fun CEO Alex Fine has declared that standalone crypto payment rails are becoming obsolete as platforms shift toward unified funding flows that abstract away blockchain complexity for users, signaling a major evolution in digital payments. This paradigm shift indicates a growing focus on user experience over technical infrastructure, potentially accelerating mainstream crypto adoption. By eliminating the need for separate on-ramps and bridges, companies are making crypto transactions more intuitive and accessible, which could bridge the gap between traditional finance and the digital asset ecosystem.
01:00 PMRead Brief →
CoinTelegraph
STRC dividend stays at 12% despite shares trading below par value
Strategy, led by Michael Saylor, has decided to keep the preferred STRC dividend at 12% for August, despite shares trading below the $100 par value. This comes in the second month of semi-monthly payments, continuing Saylor's pitch to "stretch your income" for STRC dividend investors. Despite the 50 basis point increase to 12% in June following poor stock performance, STRC shares closed at $89.46 on Friday, up 5.42% for the month. Trading volume was about two-thirds of the daily average, indicating investors continue to closely monitor Strategy's dividend assets in the cryptocurrency and stock markets.
12:23 PMRead Brief →
Crypto Briefing★ Featured
Illegal Gambling Network Laundered $4B Through Unlicensed Dubai Crypto Exchange
An illegal gambling network has funneled $4 billion in cryptocurrency through an unlicensed exchange in Dubai, revealing critical vulnerabilities in crypto regulatory frameworks. This massive operation represents one of the largest digital money laundering schemes uncovered to date, sending shockwaves through the global cryptocurrency industry. The exposure of this network is forcing a reassessment of global financial compliance strategies, with regulators prioritizing enhanced oversight of cryptocurrency exchanges. The Dubai case underscores the challenges of monitoring a decentralized, cross-border financial market, demanding more effective international cooperation to combat illicit activities in the crypto space.
12:05 PMRead Brief →
CryptoPotato
Why Cardano (ADA) Surges 9% While Crypto Market Stagnates
Cardano (ADA) has defied the broader crypto market stagnation, surging 9% in a single day while other major cryptocurrencies struggle for momentum. This exceptional performance positions ADA as a standout performer in an otherwise flat market, drawing significant attention from crypto traders and investors. The remarkable divergence between ADA and the broader market suggests a potential realignment of investor interest toward blockchain projects with solid fundamentals.
The unexpected rally comes as the overall crypto market shows signs of consolidation, with Bitcoin and Ethereum posting minimal gains. Market analysts are speculating about potential catalysts for Cardano's outperformance, including upcoming network upgrades, increased adoption in emerging markets, or strategic partnerships. This divergence from market trends could indicate a shift in investor sentiment towards more technologically advanced blockchain platforms with clear development roadmaps and practical use cases beyond simple speculation.
The unexpected rally comes as the overall crypto market shows signs of consolidation, with Bitcoin and Ethereum posting minimal gains. Market analysts are speculating about potential catalysts for Cardano's outperformance, including upcoming network upgrades, increased adoption in emerging markets, or strategic partnerships. This divergence from market trends could indicate a shift in investor sentiment towards more technologically advanced blockchain platforms with clear development roadmaps and practical use cases beyond simple speculation.
11:59 AMRead Brief →
Crypto Briefing
Juventus Pursues Loan Deal for Manchester City's Tijjani Reijnders as Fan Token Markets Watch Closely
Juventus is actively pursuing a loan deal for Manchester City's Tijjani Reijnders, a move that has drawn significant attention from fan token markets. This potential transfer underscores the growing interconnection between the football world and digital assets, with cryptocurrency investors closely monitoring the implications of this deal. Fan tokens, which constitute an expanding portion of football clubs' digital economies, may experience value fluctuations based on transfer news. The possible move of Reijnders to Juventus represents a critical test for the stability and predictability of digital tokens associated with the involved clubs, offering valuable insights into the maturity of the cryptocurrency market in sports.
11:35 AMRead Brief →
CryptoSlate★ Featured
Trump's legal loophole around the Supreme Court is keeping inflation alive – and trapping Bitcoin in the Fed's crosshairs
Despite the Supreme Court rejecting Trump's authority to impose tariffs using an emergency law, the administration has found a legal loophole that keeps inflation alive and places Bitcoin directly in the Federal Reserve's crosshairs. This maneuver is exacerbating inflationary pressures and creating a hostile environment for the cryptocurrency market. The court decision initially seemed like a clear roadblock to Trump's trade policies, but the administration has found an alternative path, maintaining tariffs that contribute to inflation. For Bitcoin and other cryptocurrencies, this means a more stringent regulatory environment and the potential for more aggressive Federal Reserve actions to control inflation, which has historically negatively impacted risk assets.
11:35 AMRead Brief →
