# Coldcard flaw leads to $110 million Bitcoin theft 2026-08-08T13:08:34+00:00 | Technology | Indian Opinion Desk Corroboration: 1 independent outlet Over 1,755 Bitcoin worth about $110 million were stolen from wallets using Coinkite's Coldcard hardware devices, livemint.com reports. A software flaw allowed attackers to drain funds even though the wallets were considered extremely secure. Victim Jonathan Goodman says he lost $1.6 million when his three wallets were emptied on July 29. The incident has renewed debate about Bitcoin storage safety. Investors can keep coins on an exchange, use a hardware wallet themselves, or rely on an institutional custodian. No method is risk-free; self-custody gives control but demands care, while third-party custody introduces trust issues. ## Coverage - livemint.com Tags: Bitcoin, Coldcard hack, crypto storage, cryptocurrency, digital asset theft, wallet security Canonical: https://indianopinion.org/110-million-bitcoin-heist-exposes-wallet-security-flaw/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/110-million-bitcoin-heist-exposes-wallet-security-flaw/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.