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

A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions about security and whether managing private keys has become too risky for everyday investors.

By Krisztian Sandor|Edited by Stephen Alpher

Updated Jul 31, 2026, 5:12 p.m. Published Jul 31, 2026, 5:07 p.m.