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2026-08-02

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Coldcard security incident loses 1,359.882 BTC, attacker address receives 10% coin-mixing offer

08-03 05:32

Odaily News: In the Coldcard security incident involving hardware wallet company Coinkite, the amount of stolen bitcoin has risen to approximately 1,359.882 BTC. According to statistics from the Coldcard Sweep Watch dashboard, most of the identified bitcoin remains in a small number of addresses controlled by the attacker. On August 1, one of the attacker's holding addresses received a transaction containing an OP_RETURN message. The message publicly offered a 10% fee for "washing" bitcoin, KYC assistance, and withdrawal services for stolen funds, along with a Telegram contact. Coinkite has released an urgent firmware update to fix the weak random number generation issue that caused the original vulnerability. The company stated that the new firmware only protects wallets created in the future and cannot fix seeds already generated on affected versions. Some users have reported that after installing the update, their devices remain stuck on an error screen, fail to boot, or appear bricked. This mainly affects Mk4 and Q devices, though some Mk3 users have also reported similar issues. As of August 2, Coinkite has not publicly confirmed a widespread firmware defect.

1367 BTC stolen, @KevinKelbie tracks 4,620 drained addresses

08-03 05:28

Odaily News: According to Bitcoin News monitoring, @KevinKelbie is tracking 1,367 BTC stolen since the 2021 RNG vulnerability, involving 4,620 drained addresses. Each BTC has been traced from the victim's wallet to its current location, with a complete timeline of transfers recorded up to July 2026.

$25.25 million in revenue has been allocated to the Assistance Fund for HYPE buybacks

08-03 05:27

Odaily News: HyperliquidNews posted on X platform, stating that tradexyz has generated $25.25 million in revenue, with an equivalent amount allocated to the Assistance Fund for HYPE buybacks.

Coldcard Vulnerability Causes User Losses Exceeding $88 Million, Coinkite May Face Class Action Lawsuit

08-03 04:34

Odaily News: Coinkite, the company behind hardware wallet Coldcard, may face legal action from users who collectively lost over 1,300 BTC — valued at more than $88 million — due to a vulnerability in the mnemonic generator of certain models. Thomas Braziel, founder and managing partner of 117 Partners, is investigating product liability claims and potential class action lawsuits against Coinkite, while coordinating efforts to collect information from victims worldwide. Brazilian Bitcoin advocate Felipe Ojeda has filed a police report and will file a complaint against the company in Brazil. Cris Carrascosa, CEO of ATH21, stated that Coinkite does not assume custodial responsibility for user funds tied to its products, and any lawsuit would need to prove that Coldcard could have foreseen the attack. Ana Ojeda, head of institutional business development at Blend, noted that victims do not have an automatic right to full recovery of funds, but an investigation into liability issues can be pursued.

In the past 24 hours, approximately $643,100 worth of HYPE was burned, bringing Hyperliquid's historical total burn to 46.18 million tokens

08-03 04:09

Odaily News, Onchain Lens posted on X platform that Hyperliquid burned approximately $643,100 worth of HYPE in the past 24 hours. During the latest reporting window, $513,800 in revenue was directed to the Assistance Fund and HYPE holders. The historical total burn stands at 46.18 million HYPE, valued at approximately $2.43 billion, accounting for 4.62% of the 1 billion maximum supply.

Coldcard Vulnerability Leads to Over $88 Million in Losses, Coinkite Criticized for Retaining Customer Emails

08-03 01:17

Odaily News: Hardware wallet company Coinkite's Coldcard wallet series has experienced a seed generation randomness vulnerability, with threat actors stealing over 1,000 BTC in the past two days. Galaxy Research data shows that as of Saturday 17:36 ET, the incident involved 1,367 BTC, with losses exceeding $88 million. To notify potentially affected users, Coinkite sent security alerts to email addresses retained through its store and newsletter system since 2019. Coldcard confirmed that the emails originated from Coinkite and stated that it has contacted all reachable addresses to the best of its ability. Coinkite has faced criticism for retaining customer email data. The company stated that its public policy explains that purchase email addresses are saved so customers can log in and verify that other information has been cleared, but it did not specify a deletion timeline, saying these addresses would be kept "temporarily." Coinkite co-founder and CEO Rodolfo Novak previously stated that the company does not store customer information, deletes customer data 90 days after purchase, and offers anonymous purchase options.