Coinkite Inc. Cold Wallets Compromised in $140 Million Bitcoin Hack
Story essentials
Coinkite Inc.
Toronto, Canada
Late July 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 18/6/2026, 1:51:07 AM
Toronto-based crypto storage company Coinkite Inc. suffered a security breach. Investors collectively lost $140 million in bitcoin due to the compromise of cold wallets. The incident highlights security risks associated with crypto storage solutions.
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Related book
Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
Author: Nathaniel Popper
This book provides a comprehensive history of Bitcoin's evolution and the inherent risks of self-custody and third-party storage, which is essential for understanding why security breaches in infrastructure companies like Coinkite have such devastating consequences for the ecosystem.
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