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Coldcard exploit drains $90 million in Bitcoin as Clarity Act stalls in Senate

8/3/2026

Cold-storage security is the conversation dominating Bitcoin markets this week.

A Coldcard hardware wallet exploit sent $90 million worth of Bitcoin out of cold storage in what observers described as a "sickening" loss, landing a direct hit on self-custody confidence.

Clarity Act stalled in the Senate with just five days remaining to hold a vote.

Cold storage and the custody confidence problem The Coldcard exploit struck at the device category retail Bitcoin holders have long treated as the endpoint of risk management.