Galaxy Research: Losses from the Coldcard Security Incident May Exceed $130 Million

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Galaxy Research estimates the Coldcard security breach could result in losses exceeding $130 million, with 1,719 BTC stolen—valued at approximately $111 million. Over 25 attack patterns have been identified, and more than 250 victims have been reported. If unconfirmed cases are verified, the total stolen BTC may exceed 2,300. The BTC price and market dominance remain under pressure as the incident underscores ongoing risks in the cryptocurrency space.

BlockBeats report: On August 7, Galaxy Research stated that it has highly confirmed that the Coldcard security incident resulted in the theft of 1,719 BTC, valued at approximately $111 million, and anticipates the actual loss may exceed $130 million. The research team has tracked over 25 attack patterns and believes multiple attackers simultaneously exploited this vulnerability. More than 250 victims have reported incidents; if all unverified cases are confirmed, the total stolen amount could exceed 2,300 BTC.


Galaxy Research stated that there is currently no evidence the vulnerability affects any other signing devices or wallets beyond the Coldcard Mk3, Mk4, Mk5, and Q. Researchers have received over 250 reports from victims; if all currently unconfirmed cases are ultimately verified, the total stolen amount could exceed 2,300 BTC, though this figure remains unconfirmed.

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