Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs

CryptoInfo Editorial Team · Published on July 31, 2026 at 17:07 · Updated on July 31, 2026 · 1 min read

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Key Takeaways

→A Coldcard software bug has led to the theft of nearly 600 bitcoin
→The stolen bitcoin is worth roughly $38 million
→This incident may push investors towards alternative options such as ETFs

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

A software bug in popular hardware wallet Coldcard has led to the theft of nearly 600 bitcoin, worth roughly $38 million, according to reporting from CoinDesk.

This exploit has prompted questions about the security of self-custody and whether managing private keys has become too risky for everyday investors.

Coldcard is a well-known hardware wallet used for securely storing cryptocurrencies, and this incident may shake faith in self-custody, potentially pushing investors towards alternative options such as exchange-traded funds (ETFs).

Source: CoinDesk ↗

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