Galaxy Research Head Reports Suspected Fourth Coldcard Organized Attack, 462 Addresses Affected

iconChaincatcher
Share
AI summary iconSummary
The head of Galaxy Research reported a suspected fourth Coldcard attack, resembling a Sybil attack, involving 218 transactions affecting 462 addresses and 388.92748828 BTC over 2.5 hours. The activity occurred between blocks 960,778 and 960,792, with no inputs prior to the Coldcard compromise. The sweep rate surged to 13.8 per block—a 45-fold increase from the pre-event rate of 0.3. Each address was mapped one-to-one, with one destination address hit twice and no pooling observed. Block propagation speed showed no anomalies during the incident.

ChainCatcher report: According to Galaxy’s research lead, an organized Coldcard attack appears to be underway, with similar transactions still pending in the mempool. Confirmed prior transactions show RBF has been enabled. Between blocks 960,778 and 960,792, over a 2.5-hour period, 218 transactions occurred, involving 462 compromised addresses, 216 new destination addresses, and 388.92748828 BTC; all transactions contained no inputs older than the Coldcard firmware boundary. The cleaning rate during this period averaged 13.8 transactions per block, compared to 0.3 per block in the pre-incident baseline—a 45-fold increase. The transaction topology is 1:1, with each compromised address mapping to one new destination address; only one destination address received two sweeps, and no aggregation addresses were observed. Some funds have already been swept to second-hop addresses.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.