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Heating UpSnapshot Window: 2026-08-10 09:30 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
You could easily say, “Why didn’t he just buy a hardware wallet and keep the money there?” And normally, you’d have a point. Hardware wallet is supposed to be the safest place to keep your crypto. Except people who did that with certain COLDCARD recently got drained of $116M.
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AI visual note: The image shows a user lamenting the loss of their wedding savings to a drained wallet, sharing a Polygon transaction hash (https://polygonscan.com/tx/0xfd03063823e54b1be8e2902f3b833840bd82f5dc374637887c5b14e66fea7c42). This visual supports the post's point that hardware wallets like COLDCARD aren't foolproof—users who thought they were using the safest option still lost funds in a $116M drain.