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Wire · opportunities

Hackers drain more than $140M in bitcoin from devices made by Canadian firm

4 August 2026 · By · Wire by Fusion42

Published

4 August 2026

Topic

opportunities

◆ Sectors

Fintech

◆ Geography

Canada

◆ Source

Read at bnnbloomberg.ca →

◆ Verified

Fusion42 · 4 August 2026 · Fusion42 review

A software flaw in Coldcard hardware wallets made by Canadian company Coinkite Inc. allowed hackers to steal over C$140 million in bitcoin from thousands of accounts, prompting the company to halt shipments and release security updates.

This Wire brief sits within Fusion42's coverage of Fintech, and 4 sources have reported it between 2 Aug 2026 and 5 Aug 2026.

◆ ◆ The Wire takeaway

You need to audit your crypto custody tools immediately after firmware failures like this expose millions in stolen funds. This breach offers a hard deadline to revisit device security or lose customer trust.

◆ Coverage

4 sources · first reported 2 Aug 2026 · latest 5 Aug 2026

◆ Related on Wire

◆ Topics

Fintechcrypto-thefthardware-walletsecurity-breachbitcoinfirmware-bug