Coldcard Maker Says It Can't Verify Stolen Funds Estimates

Coinkite, the hardware wallet maker behind the Coldcard line, said on August 7 that it is prioritizing assistance for customers affected by a security incident that unfolded over several days. In a statement, the company said it will not speculate on the scale of customer losses at this stage, and will release a post-mortem after its investigation is fully completed. Coinkite pointed out that because its products are built with a privacy-first design, the firm cannot independently verify external estimates of the amount stolen. The statement follows recent outside research that has raised the estimated losses to roughly $130 million. The company emphasized that its immediate focus is on supporting impacted clients, while it works to establish a full picture of what happened. Coinkite also said it intends to share a detailed review of the incident after the investigation wraps up, rather than offering premature figures. It will not provide its own loss estimate before that review is done.