# Crypto hack siphons $130 million, Bitcoin down 50% from high 2026-08-08T16:12:50+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet At PubKey, a Manhattan bar for crypto fans, regulars drank orange pill cocktails and discussed last week’s hack of Coinkite Inc.’s Coldcard devices. The breach has so far stolen an estimated $130 million from customers, shattering the belief that physical “cold wallets”, which store secret codes offline, are immune to attacks. Bitcoin itself has fallen roughly 50% since an October high, adding to the gloom. Jordan White, a crossing guard and part-time hacker, said victims include ordinary people losing life savings. Alex Thorn of Galaxy said he has helped people who lost a full bitcoin. Thomas Pacchia, PubKey co-founder, recalled customers crying during the 2022 downturn. One attendee threw his Coldcard onto the stage, saying he was done with it. ## Coverage - livemint.com Tags: Bitcoin, cold wallet, crypto, hack, Manhattan, security Canonical: https://indianopinion.org/crypto-hack-siphons-130-million-bitcoin-down-50-from-high/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/crypto-hack-siphons-130-million-bitcoin-down-50-from-high/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.