Bitcoin
Canadian entrepreneur loses $1.6 million in Bitcoin from Coldcard wallet in minutes
A Canadian entrepreneur had more than $1.6 million in Bitcoin drained from a Coldcard hardware wallet in under seven minutes, part of a suspected wave affecting 1,367.05 BTC.
A Canadian entrepreneur recounted losing over $1.6 million in Bitcoin stored in a Coldcard hardware wallet in under seven minutes, highlighting vulnerabilities in self-custody even when standard security practices are followed. The incident forms part of what may be a broader wave of compromised holdings totaling 1,367.05 BTC. The case underscores an uncomfortable reality for Bitcoin holders: executing everything correctly may still not provide sufficient protection against emerging threats.
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