news Cloud Crypto Desk 2026-08-18

Coldcard Hardware Wallet Firmware Flaw Drains Over $110 Million in Bitcoin

A multi-year-old firmware bug affecting Coinkite's Coldcard hardware wallets allowed attackers to systematically drain nearly $116 million in Bitcoin from thousands of addresses. While crypto Twitter panics over seed entropy and cold storage security, the local expats down here are too busy arguing about whose ancient solar inverter just blew up to care about UTXOs.

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