Coldcard’s $89M wallet bug triggers the biggest Bitcoin movement since FTX and completely distorts market signals

Source: CryptoSlate· Oluwapelumi Adejumo· August 2, 2026
Coldcard’s $89M wallet bug triggers the biggest Bitcoin movement since FTX and completely distorts market signals

Coldcard’s wallet crisis has shaken Bitcoin sentiment, blurred on-chain signals and exposed a recurring weakness in AI-assisted cyber defenses. On July 30, hardware maker Coinkite warned users that wallets generated with affected Coldcard firmware could be dr…

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