BTC Sessions said his team spent weeks helping Bitcoin holders affected by the Coldcard vulnerability move funds to safer storage, with an estimated tens of millions of dollars in BTC protected during the process. The update was shared by Bitcoin News on X.
He said the response still came too late for some users. One member of his local Bitcoin community reportedly lost 90% of their Bitcoin, while a woman he spoke with lost all of hers. BTC Sessions described the incident as possibly the most serious self-custody event in Bitcoin’s history.
He added that the episode forced him to rethink how assets should be held, saying the main lesson was the need to diversify security measures rather than rely on a single setup.
Bitcoin News said in a post on X that BTC Sessions stated his team spent weeks helping Bitcoin holders affected by the Coldcard vulnerability move their funds to safety. He estimated that tens of millions of dollars worth of Bitcoin were protected during that effort.
BTC Sessions said the response came too late for many people. According to his account, one member of his local Bitcoin community lost 90% of their Bitcoin, while a woman he spoke with lost all of hers.
He said the case may be the most serious self-custody incident in Bitcoin’s history. BTC Sessions also said the experience pushed him to rethink asset custody, with diversification of security measures standing out as the key lesson.
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