Neil Jacobs: Bitcoin industry faces trust issue after Coldcard incident

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Hanna Syniavska

13.08.2026

Neil Jacobs: Bitcoin industry faces trust issue after Coldcard incident — Bitcoin industry trust hit by Coldcard

Neil Jacobs highlights a growing trust issue in the Bitcoin industry, pointing to the recent Coldcard incident as a major factor. In a conversation with a Trezor user and long-standing Bitcoin holder since 2017, Jacobs underscores the erosion of confidence among participants.

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Earlier this month, Neil Jacobs reported a $10,000 Bitcoin loss linked to insufficient wallet security on a COLDCARD Mk3 device. In a separate alert, he covered a vulnerability in BTCPay Server that required urgent updates. These incidents have raised ongoing concerns about platform and device security.

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