CryptoPotato
Coldcard Exploit Tops $100M as Experts Debate if Stolen BTC Can Be Spent
August 4, 2026•08:12 AM
The Coldcard exploit has now surpassed $100 million in stolen Bitcoin, marking one of the largest security breaches in cryptocurrency history. Experts are divided on the fate of these funds, as the blockchain's transparency creates both challenges and potential solutions for tracking the digital assets.
The core debate centers on blockchain transparency versus privacy tools that could potentially obscure the stolen funds. Mixers, Lightning Network, and other privacy solutions are being cited as potential escape routes for the hackers, raising fundamental questions about security and privacy within the crypto ecosystem.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
Read Full Article at CryptoPotato⚡
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
Crypto Briefing
Bernstein: Texas Electric Grid Moratorium Won't Impact Bitcoin Miners
Bernstein analysis reveals that the Texas electric grid moratorium won't impact established Bitcoin miners, actually strengthening their market position by limiting new entrants and increasing their asset values. This regulatory decision creates a competitive advantage for already-installed miners in Texas, potentially attracting more investment to the cryptocurrency sector. The moratorium could accelerate market consolidation, with large operators benefiting from economies of scale and privileged access to the state's energy infrastructure.
09:51 AMRead Brief →
CryptoPotato★
Coldcard Emergency: Hackers Steal Over $130M as Company Urges Users to Move Funds
Coldcard, the hardware wallet manufacturer, has issued an urgent alert to its users, urging them to 'carefully move funds' as exploit-related losses continue to mount. Reports indicate that hackers have already stolen approximately $130 million, with the figure still climbing, representing one of the largest security breaches in the cryptocurrency sector this year. The vulnerability directly impacts user confidence in hardware cryptocurrency storage solutions, a sector historically considered secure. Coldcard, known for its respected hardware wallets, now faces a crisis of trust as it investigates the full scope of the exploit, serving as a critical reminder about the importance of cybersecurity and continuous vigilance in the crypto ecosystem.
09:37 AMRead Brief →
CryptoSlate
Eric Trump's American Bitcoin pledges nearly 40% of holdings for mining equipment
Eric Trump's American Bitcoin company has pledged nearly 40% of its Bitcoin holdings to purchase mining equipment, as revealed in the Q2 filing. The company maintains 4,912 BTC outside of the disclosed Bitmain pledge, demonstrating a strategic positioning within the growing Bitcoin mining ecosystem. This significant commitment comes at a critical time for the cryptocurrency market, as mining companies face increasing profitability pressures. The absence of an automatic Bitcoin-price trigger suggests a long-term strategy, indicating confidence in Bitcoin's network resilience and future appreciation potential.
09:45 AMRead Brief →
CoinTelegraph
Texas Bitcoin miners spared from grid moratorium, says Bernstein
Texas Governor Greg Abbott's moratorium on ERCOT-linked data center approvals pending an audit will not significantly impact Bitcoin miners in the state, according to Bernstein analysts. Most Bitcoin mining operations in Texas already have approved electricity contracts, shielding them from the new restrictions imposed by the state's leadership.
The governor's directive comes amid increasing public backlash against the rapid expansion of data centers across Texas, with concerns about energy consumption and grid stability. Bernstein's analysis underscores the resilience of Texas's Bitcoin mining sector, maintaining its position as a global hub for cryptocurrency operations despite growing regulatory scrutiny.
The governor's directive comes amid increasing public backlash against the rapid expansion of data centers across Texas, with concerns about energy consumption and grid stability. Bernstein's analysis underscores the resilience of Texas's Bitcoin mining sector, maintaining its position as a global hub for cryptocurrency operations despite growing regulatory scrutiny.
09:37 AMRead Brief →
CoinDesk
BNY Partners with Galaxy to Add Crypto Staking to Institutional Custody Platform
The Bank of New York Mellon (BNY) is expanding its cryptocurrency offerings by integrating staking services into its digital asset custody platform through a partnership with Galaxy Digital. This move directly responds to growing demand from institutional investors for comprehensive crypto asset management solutions. The partnership marks a significant milestone in institutional crypto adoption, as a major traditional bank now offers staking services that allow crypto holders to earn rewards. This development could accelerate the entry of other major financial players into the crypto space, increasing legitimacy and driving broader adoption of digital assets among institutions.
09:30 AMRead Brief →
CoinDesk★ Featured
CRISIS: Coldcard Urges Users to Move Bitcoin as Exploit Still in Progress
Coldcard, the cold wallet manufacturer, has issued an urgent directive for all users to immediately move their Bitcoin assets. The vulnerability behind approximately $114 million in losses remains active, with specific models and firmware versions still exposed to the ongoing exploit. This incident represents one of the most significant security threats to cold wallets ever recorded, highlighting the critical importance of keeping firmware updated and actively monitoring security announcements from cryptocurrency companies. The recommendation to transfer funds to secure addresses is an essential preventive measure to protect digital assets while the Coldcard team works to resolve the issue.
09:00 AMRead Brief →
