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Galaxy Research: Coldcard Incident Losses May Exceed $130 Million, Multiple Attackers Exploited the Vulnerability Simultaneously

2 hours ago

Galaxy Research has highly confirmed that the Coldcard security breach led to the theft of 1,719 BTC, worth around $111 million, and projects the actual total loss may surpass $130 million. The research team has traced over 25 attack patterns and suspects multiple threat actors are exploiting the vulnerability concurrently. To date, more than 250 victim reports have been submitted; if all pending verification cases are validated, the stolen BTC count could exceed 2,300. Galaxy Research added there is no evidence so far that the vulnerability impacts any signing devices or wallets other than Coldcard Mk3, Mk4, Mk5, and Q. The team has received over 250 victim reports; if all currently unconfirmed cases are ultimately verified, the stolen amount could top 2,300 BTC, though this figure remains unconfirmed at present.

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