Over $100 Million in Bitcoin Stolen: Coldcard Bug Affects 5,000 Addresses. What should the affected persons do?

Following the Bitgrail incident, a new massive theft has shaken the crypto world.

As reported by the Italian newspaper “Il Corriere della Sera”, between July 30 and early August 2026, an event occurred that analysts are already calling one of the most serious self-custody thefts in Bitcoin history: over $100 million stolen in four separate moves, with more than 5,000 addresses drained.

At the heart of the matter—according to accounts from *Bitcoin Magazine* and on-chain investigators—lies a firmware bug in Coldcard hardware wallets, manufactured by Coinkite.

From Bitgrail to Coldcard: history repeats itself, but victims can fight back!
As a Law Firm, we are well-versed in these dynamics. BBP Legal has successfully assisted users affected by the collapse of the Bitgrail exchange—one of Italy’s first and most complex crypto-related bankruptcy proceedings—by protecting creditors during the claims filing and asset recovery phases.
While the Bitgrail case centered on the exchange, the Coldcard case involves the hardware manufacturer. However, the underlying legal issues remain the same.

Are you among the affected ones? Here is what to do IMMEDIATELY!

Secure what remains by instantly transferring any uncompromised funds to a newly and securely generated wallet, and seek legal advice right away.
The Bitgrail case taught us that in the crypto world, those who act first have a better chance of recovery.

If you have been affected by the Coldcard theft, contact us immediately for a confidential initial assessment. BBP Legal offers Coldcard theft victims the same expertise gained during the Bitgrail case, backed by a team specializing in blockchain law and crypto litigation.