Bloomberg senior ETF analyst Eric Balchunas said that if the Coldcard wallet incident results in losses exceeding $100 million, it would rank as the second-largest traditional theft in U.S. history, behind only the $500 million 1990 theft from the Isabella Stewart Gardner Museum in Boston. In the history of crypto-related thefts, a $100 million loss does not even make the top ten. When combining traditional thefts with crypto asset thefts in a single ranking, crypto-related cases account for nine of the top ten largest thefts in U.S. history. The scale of crypto asset thefts has far surpassed traditional financial crimes, and U.S. regulators’ approval of Bitcoin ETFs is driving more capital into the space.
Coldcard Wallet Theft Loss Ranks Second in U.S. Traditional Financial Theft
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Summary
Top altcoin news highlights a Coldcard wallet theft that could rank as the second-largest in U.S. traditional financial history, with losses exceeding $100 million—only the 1990 Gardner Museum heist, at $500 million, surpasses it. In the context of crypto thefts, this wouldn’t even make the top ten. Nine of the ten largest thefts in U.S. history are now crypto-related, surpassing traditional crimes. ETF news reveals that U.S. regulators have approved a Bitcoin ETF, signaling stronger capital inflows into the sector.
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