#6
The Record
threat-intel
August 03, 2026 at 20:15 UTC
Bitcoin hardware wallet maker destroys some inventory after more than $88 million stolen
AI Summary
A bitcoin hardware wallet manufacturer was forced to destroy part of its physical inventory after attackers exploited a firmware vulnerability to steal more than $88 million from customers. The breach underscores that hardware security models can be defeated at the firmware layer, and that the scope of loss from a single vulnerability in a cryptocurrency custody product can be catastrophic. The destruction of inventory signals the vendor found no viable software-only remediation path.
Relevance score: 82.0/100
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