More Coldcard hacks have reportedly been uncovered, with a Bitcoin Magazine post on X putting the cumulative loss at 1,596 BTC, according to the claim circulating on the platform. The figure has not been independently confirmed, and the reported scope of the Coldcard hacks may still change as details emerge.
What the reported Coldcard hack claims say so far
The update is attributed to Bitcoin Magazine’s account on Twitter/X, which said that additional Coldcard incidents had been reported and tallied the running total at 1,596 BTC stolen. The claim frames the losses as growing rather than fixed. For related coverage, see Brazilian Public Company OranjeBTC Buys 30 BTC for $1.9 Million.
As presented, this remains a reported figure rather than a verified accounting. Coverage of the underlying Coldcard exploit has come from outlets including Fortune, which has reported on losses tied to the Coinkite device, though the specific 1,596 BTC total in the X post is not independently established here. For related coverage, see Charles Schwab, GSR Ventures and the CLARITY Act: What the Bitcoin Magazine X Post Signals.
Coinkite, the maker of Coldcard, has published its own vendor update addressing the situation. Readers should treat the theft total as an evolving claim until affected parties or the vendor confirm the numbers. For related coverage, see Cardone Capital Reportedly Bought Another 350 BTC Worth About $22.3 Million.
Why this matters for Bitcoin self-custody users
Coldcard is a hardware wallet built specifically for Bitcoin storage and self-custody, so any reported compromise speaks directly to how holders secure their own keys. A loss measured in BTC, rather than in a broad basket of tokens, keeps the incident squarely relevant to Bitcoin users. For related coverage, see Senate Faces Four-Day Window to Pass CLARITY Act Before Recess.
For self-custody users, the immediate concern is wallet access and key security, not price action. Earlier reporting has already documented Coldcard users describing a 594 BTC theft worth about $38 million, which gives context to why new reports draw scrutiny.
Concern among holders is not the same as proof of a device-wide compromise. The technical mechanism behind the reported thefts is the subject of engineering analysis, including a review published by Block’s engineering team on a predictable RNG fallback in Coldcard firmware, but this article does not treat any single explanation as settled fact.
What to watch as the Coldcard story develops
The phrasing of “more hacks” signals a story that may still be unfolding, and the reported totals could be revised upward or downward as more cases are verified. The scope of who is affected is also not yet fully mapped in the available evidence.
Bitcoin developer Jameson Lopp has weighed in on what the episode means for the “don’t trust, verify” ethos, in commentary reported by The Block. Related commentary has also surfaced from research accounts on X.
The key items to watch are confirmation from affected users and from Coinkite, and any adjustment to the 1,596 BTC figure as the count is reconciled. This report will be updated as the facts firm up.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
