# Loss Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Loss", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

At least 15 attackers exploited Coldcard vulnerability: Galaxy

At least 15 attackers have exploited a vulnerability in Coldcard hardware wallets, leading to estimated losses of up to $130 million in Bitcoin across multiple attack waves. According to Galaxy Digital, the exploitation method differed from typical exchange hacks, with one minor theft report uncovering a larger attack. The incident has sparked debate on cold wallet security. Some, like Dragonfly's Haseeb Qureshi, suggest inexpensive AI-based security hardening could have prevented the breach, citing reports that AI models quickly identified the flaw. However, analysts caution these claims lack rigorous testing and note the vulnerability was public before AI assessment. The weakness reportedly involved lower-than-standard private key entropy due to a firmware bug. Experts warn that advancing AI capabilities are reducing the cost and time to find such cryptocurrency vulnerabilities.

cointelegraph08/04 14:46

At least 15 attackers exploited Coldcard vulnerability: Galaxy

cointelegraph08/04 14:46

Alarming Statement from Galaxy Research Regarding Coldcard! Wallet Losses Could Exceed 2000 BTC: Details

Galaxy Research, the research arm of Galaxy Digital, has issued a concerning statement regarding a security vulnerability in Coldcard hardware wallets. The vulnerability, stemming from a flaw in the random number generation mechanism in certain firmware versions of Coldcard Mk3, Mk4, Mk5, and Coldcard Q models, could lead to total losses exceeding 2,000 Bitcoin (over $130 million at current prices). Analysis indicates that three major attacks and 14 smaller security incidents have already resulted in the theft of 1,596 BTC, affecting approximately 7,300 different Bitcoin addresses. There is strong evidence of a fourth, unconfirmed attack using the same method, which could push the total stolen to approximately 2,055 BTC. Manufacturer Coinkite has released an urgent software update and advised users to upgrade their devices immediately. Notably, around 90% of the stolen funds reportedly remain unmoved in the original addresses, suggesting the attackers may not yet have begun laundering or selling the assets. Investigations are ongoing in coordination with US federal agencies and cryptocurrency exchanges to identify the perpetrators and track the stolen assets.

cryptonews.ru08/04 07:01

Alarming Statement from Galaxy Research Regarding Coldcard! Wallet Losses Could Exceed 2000 BTC: Details

cryptonews.ru08/04 07:01

Trump Family's Bitcoin Mining Firm Reports Losses for Third Consecutive Quarter, Stock Price Plummets Over 90% from Peak

American Bitcoin, a bitcoin mining company co-founded by the Trump family, reported its third consecutive quarterly loss. In Q2, the company posted a net loss of $57 million, or $0.80 per share, though this marked an improvement from the previous quarter's $82 million loss. Revenue saw a slight increase to $67 million from $62 million. The ongoing cryptocurrency bear market has severely impacted the company's asset value and stock price, which has plummeted approximately 95% from its peak. This decline was partly driven by a 14% drop in Bitcoin's price during the period. To maintain its Nasdaq listing, the company executed a 1-for-15 reverse stock split in July. Despite industry trends shifting towards AI infrastructure, American Bitcoin maintains its focus solely on mining. The company held roughly 8,000 Bitcoin as of June 30, a 14% increase from Q1. Eric Trump, the Chief Strategy Officer, emphasized the company's cost advantage, stating their mining cost is about half the market price, differentiating it from digital asset treasury companies that purchase at market rates. While the Trump family has reportedly earned significant income from various crypto ventures, American Bitcoin's sustained losses and stock decline highlight the risks of a strategy concentrated solely on Bitcoin exposure during a market downturn.

marsbit08/04 01:11

Trump Family's Bitcoin Mining Firm Reports Losses for Third Consecutive Quarter, Stock Price Plummets Over 90% from Peak

marsbit08/04 01:11

Trump Family-Backed Bitcoin Miner Posts Losses for Three Consecutive Quarters, Shares Plummet Over 90% from Peak

American Bitcoin, a bitcoin mining company co-founded by Eric Trump and Donald Trump Jr., reported a net loss of $57 million for Q2, marking its third consecutive quarterly loss. Although the loss narrowed from the previous quarter's $82 million and revenue slightly increased to $67 million, the prolonged crypto bear market has eroded the value of its assets, causing its stock price to fall roughly 95% from its peak. In July, the company executed a 1-for-15 reverse stock split to maintain its Nasdaq listing. The company holds approximately 8,000 bitcoins, but the declining price of bitcoin, down about 45% year-over-year, continues to pressure its asset valuations. Eric Trump, the chief strategy officer, emphasized the company's commitment to its core mining business, distinguishing it from other firms that simply buy bitcoin at market prices. He highlighted that American Bitcoin's mining costs are approximately half the market price, positioning it as a pure-play miner amid an industry trend toward diversifying into AI infrastructure. The report underscores the high-risk nature of a strategy concentrated solely on bitcoin exposure. While the company points to improving operational efficiency and growing hash rate, its ability to navigate the bear market relying on its cost advantage remains to be seen. The Trump family has broader crypto interests, with former President Donald Trump reportedly earning over $1.4 billion from his crypto ventures last year.

华尔街日报08/03 20:21

Trump Family-Backed Bitcoin Miner Posts Losses for Three Consecutive Quarters, Shares Plummet Over 90% from Peak

华尔街日报08/03 20:21

ZeroStack Warns of Risk of Ceasing Operations

Cryptocurrency treasury company ZeroStack has warned of "substantial doubts" about its ability to continue operating over the next year, according to its quarterly SEC filing. As of June 30, the company held only $2.6 million in cash, had negative working capital of $0.6 million, and an accumulated deficit of $339.1 million, with a net loss of $61.3 million for the first half of the year. The primary cause was a steep decline in the value of its digital assets, leading to an $82.5 million loss from fair value revaluation. ZeroStack's treasury strategy revolves around the 0G token. It holds 75.1 million 0G, stakes them, and sells the staking rewards to fund operations. However, the fair value of its digital assets plummeted to $15.2 million from an acquisition cost of $163.4 million. While the company now relies on monetizing staking rewards and potentially selling core assets for liquidity, management acknowledged these measures may not be sufficient to ensure its continuation. This marks a significant downgrade from its previous, more optimistic assessment, driven by further declines in the 0G token's price in Q2. The financial statements assume the company will continue as a going concern but note that adjustments would be required if it cannot.

cryptonews.ru08/03 15:31

ZeroStack Warns of Risk of Ceasing Operations

cryptonews.ru08/03 15:31

Insurance Agent in Hong Kong Loses Over $3.3 Million Due to 'Romantic' Crypto Scam

An experienced Hong Kong insurance agent fell victim to a "romance scam" involving fake crypto investments, losing over HK$26 million (approximately US$3.3 million), according to local police. Authorities reported 25 similar cases of online romance-linked investment fraud in just one week in late July, with total losses nearing HK$70 million. The scam began when an acquaintance introduced the victim to a woman seeking insurance advice. The woman later connected him via WhatsApp to a man nicknamed "Uncle," who claimed to sell cars. Over time, "Uncle" built trust and an online romantic relationship with the victim. He then claimed to have successful investment experience and persuaded the victim to invest in cryptocurrencies, directing him to install a fake crypto investment platform app and introducing a person posing as the platform's owner to "help" manage a crypto wallet. Over roughly six months, the victim personally handed over more than HK$4 million in cash across various Hong Kong locations and transferred nearly HK$22 million to bank accounts provided by the scammers. Suspicion only arose when the fake app showed returns exceeding 800% and withdrawal attempts were blocked. Subsequently, both the "romantic partner" and the supposed expert cut off all contact. Police emphasized that even financially experienced individuals can be defrauded when scammers use emotional pressure and gradually build trust.

cryptonews.ru08/03 12:08

Insurance Agent in Hong Kong Loses Over $3.3 Million Due to 'Romantic' Crypto Scam

cryptonews.ru08/03 12:08

Record Fear and Loss-Making Sales: Retail Investors Capitulate Amid Coldcard Exploit

Retail investors are capitulating amid record fear and loss-making sales following the Coldcard hardware wallet firmware exploit. On August 1st, short-term holders transferred over 32,000 BTC to exchanges at a loss, marking one of the largest waves of capitulation in the past month. Meanwhile, analysts note Bitcoin's unusually weak reaction to a strengthening US dollar, performing worse than in almost any previous period of dollar strength since 2015. The July rally was reportedly driven by demand outside the United States, as the Coinbase Premium—indicating US spot demand—remained negative for a record over 60 days. Analysts view this situation as unstable until US demand returns. Daily exchange deposits of less than 10 BTC surged to 7,300 BTC, the highest since February 6th, likely linked to the Coldcard exploit causing users to seek safer storage. The event has triggered unprecedented negative sentiment, with the ratio of positive to negative Bitcoin comments on social media hitting a record low of 0.58. This exploit has uniquely shaken confidence by targeting cold wallets, previously considered the most secure storage method. Despite Bitcoin closing July up 7.36%, the market faces significant fear and uncertainty.

cryptonews.ru08/03 11:57

Record Fear and Loss-Making Sales: Retail Investors Capitulate Amid Coldcard Exploit

cryptonews.ru08/03 11:57

Снова ли стратегия Сэйлора приносит прибыль? Lookonchain утверждает, что компания переместила 299,84 BTC

Blockchain analysis platforms Lookonchain and Onchain Lens have reported that a wallet linked to the company Strategy transferred 299.84 BTC (approximately $18.91 million) to a new address. This activity has raised speculation that Strategy may be preparing for another Bitcoin sale, a pattern observed in early July when the company sold 3,588 BTC for around $216 million. Strategy has not issued an official statement on the transfer. The July sale marked a significant shift, ending CEO Saylor's long-standing public "never sell" stance. It was linked to funding dividends for the company's Series C Preferred Stock (STRC), despite resulting in a $203 million loss. Recent actions have sent mixed signals. Shortly before the latest transfer, CEO Michael Saylor posted a cryptic "Bitcoin Drive engaged" message, often a precursor to treasury updates, while also recently clarifying that a reported $5 billion Bitcoin sale authorization was not a new decision. Company fundamentals complicate the immediate need for a sale. Strategy has significantly bolstered its cash reserves, now covering preferred dividends and debt interest for over two years, well above the board's minimum 12-month requirement. Currently, Strategy holds 843,775 BTC, acquired at an average price of $75,476 per coin. Whether this recent transfer precedes an official sale or is an internal wallet reorganization is expected to become clear soon through blockchain data and SEC filings.

cryptonews.ru08/03 09:18

Снова ли стратегия Сэйлора приносит прибыль? Lookonchain утверждает, что компания переместила 299,84 BTC

cryptonews.ru08/03 09:18

Michael Saylor's Vicious Circle: How the Falling Stock Price of STRC Hinders the Company's Bitcoin Purchases

Strategy (STRC) maintained its 12% dividend on preferred shares in August, despite the stock trading significantly below its $100 nominal value. Chairman Michael Saylor announced this via social media, noting this is the second month of twice-monthly dividend payments approved by shareholders in June. While CEO Phong Le reiterated the goal of lifting STRC's price back to the $99-$100 range, Saylor hinted at further Bitcoin purchases as usual. However, the company faces a challenging cycle. It reported a Q2 2026 net loss of $8.22 billion, largely due to an $8.32 billion unrealized loss on its Bitcoin holdings amid falling crypto prices. To support its preferred dividend payments, Strategy established a $3.75 billion reserve, which it says is sufficient for over two years of obligations. The company also continues to buy back its preferred shares at a discount while they trade below $100. A key technical constraint emerges: when STRC's price falls below par, the company's mechanism suspends issuing new shares via the exchange. This limits a key channel for raising funds to buy more Bitcoin, creating a feedback loop where the low stock price hinders the company's ability to replenish reserves and buy back shares, potentially slowing its Bitcoin accumulation strategy. Market observers question how long the paused dividend hikes will be seen as confidence rather than caution.

cryptonews.ru08/03 08:16

Michael Saylor's Vicious Circle: How the Falling Stock Price of STRC Hinders the Company's Bitcoin Purchases

cryptonews.ru08/03 08:16

Crypto treasury firm ZeroStack warns of survival risk amid $82.5M loss

Nasdaq-listed crypto treasury firm ZeroStack has warned there is "substantial doubt" about its ability to continue operating over the next year, reversing its assessment from just three months prior. The company reported an $82.5 million fair value loss on digital assets and a net loss of $61.3 million for the first half of 2026. As of June 30, it held $2.6 million in cash, had negative working capital, and an accumulated deficit of $339.1 million. A key issue is the drastic devaluation of its 75.1 million Zero Gravity (0G) tokens, which had a fair value of only $15.2 million against a recorded cost of $163.3 million—a 91% decline. ZeroStack relies on staking rewards and token sales to fund operations, making its liquidity heavily dependent on the price and trading liquidity of 0G. While it earned $3.8 million in staking revenue and sold tokens for $2.4 million in the first half of the year, management stated it cannot conclude these plans will be enough to ensure survival. The company, formerly cannabis firm Flora Growth, rebranded after announcing a $401 million 0G treasury strategy in September. Its latest filing marks a stark reversal from its previous quarter's assertion that its resources were sufficient for at least another year.

cointelegraph08/03 07:30

Crypto treasury firm ZeroStack warns of survival risk amid $82.5M loss