Coldcard hack hits Canadian BTC holders hardest, with 25% of losses attributable to this incident.

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Coldcard hack losses hit Canadian BTC holders hardest, with 25% of the damage traced to the region, according to Chainalysis. Galaxy Research estimates total losses at up to $110 million, with Australia, the U.S., and Thailand also affected. BTC price remains under pressure amid rising security concerns. The incident may impact BTC dominance as holders reassess storage strategies.

Odaily Planet Daily reports that Chainalysis posted on X that the Coldcard hacking attack was particularly damaging to Canadian Bitcoin holders. Our analysis of the attackers and victims found that Canadian BTC holders accounted for 25% of the attributable losses.

According to estimates compiled by Galaxy Research, losses reached up to $110 million, and we analyzed the geographic distribution of this ongoing cyberattack. Significant losses were also reported among users in Australia, the United States, and Thailand.

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