Coldcard Exploit Pushes July Crypto Losses to $247 Million
A major security breach involving Coldcard contributed to over $100 million in losses, driving July to become the second-worst month of 2026 for crypto thefts.
Cryptocurrency thefts totaled $247 million in July, making it the second-worst month for digital asset exploits in 2026. The surge in losses was primarily driven by a security exploit targeting Coldcard, which alone accounted for more than $100 million in stolen funds.
The scale of the Coldcard breach significantly impacted overall monthly security metrics for the digital asset sector, highlighting ongoing vulnerabilities in hardware wallet and custody solutions as bad actors continue to target high-value storage mechanisms.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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