How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet
Published . Updated .
Security firms traced the $7.8 million loss to a helper contract the wallet owner had authorized, not to Safe itself.
Directly affected
- CRCW Crypto
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- BITW BITWISE 10 CRYPTO INDEX ETF SHS REPSTG UNIT BEN INT
GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BLOX NICHOLAS CRYPTO INCOME ETF
GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- EZPZ FRANKLIN CRYPTO INDEX ETF
GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- FDIG FIDELITY CRYPTO INDUSTRY AND DIGITAL PAYMENTS ETF
GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Security firms traced the $7.8 million loss to a helper contract the wallet owner had authorized, not to Safe itself.
Source: CoinDesk
Bitwise 10 Crypto Index ETF (BITW) since this story, compared with the market
Since the first closing price after “How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet,” Bitwise 10 Crypto Index ETF (BITW) is +6.52%. The S&P 500 fund (SPY) is +1.66% over the same days, a +4.85% difference versus the market.
Who gains and who loses around Bitwise 10 Crypto Index ETF (BITW)
Companies carried with this story
- BITW Bitwise 10 Crypto Index ETF
For “How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet,” Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BLOX Nicholas Crypto Income Etf
In “How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet,” Nicholas Crypto Income Etf (BLOX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- EZPZ Franklin Crypto Trust
In “How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet,” Franklin Crypto Trust (EZPZ) is linked, with no stored direction, medium confidence. Reason on file: GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FDIG Fidelity Crypto Industry And Digital Payments Etf
In “How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet,” Fidelity Crypto Industry And Digital Payments Etf (FDIG) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GDLC Grayscale CoinDesk Crypto 5 ETF
Grayscale CoinDesk Crypto 5 ETF (GDLC) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet.” Reason on file: GA selected GDLC as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise 10 Crypto Index ETF (BITW)
The 15 Sep 2026 story “How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet” names Bitwise 10 Crypto Index ETF (BITW) because of this story.
What ties Bitwise 10 Crypto Index ETF (BITW) to the headline is this: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Nicholas Crypto Income Etf (BLOX) is here too. Its reason reads: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Bitwise 10 Crypto Index ETF (BITW)
BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. BLOX traded between 11.35 and 15.12 across 20 sessions. The latest close on file is 11.52. EZPZ traded between 20.36 and 21.94 across 12 sessions. The latest close on file is 20.59.
How strong the case is around Bitwise 10 Crypto Index ETF (BITW)
40 out of 100
“How a simple coding mistake let a hacker drain $7.8 million from a crypto wallet” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.