Most Bitcoin Stolen in Coldcard Hack Remains Unmoved
About 87% of the Bitcoin attributed to the Coldcard hardware wallet hack remains unmoved, according to Galaxy Research.
Galaxy has linked the exploit to the theft of 1,789.28 BTC from 8,865 addresses, worth roughly $114.7 million at the time of the attacks. Of that amount, around 1,561 BTC is still sitting in attacker-controlled collection or holding addresses.
Researchers said some funds stolen in later attack waves have moved through CoinJoin transactions, peel chains and other obfuscation techniques, but the largest holdings remain visible onchain.
Galaxy’s latest analysis includes 221 victim reports covering 790.72 BTC in losses. The median reported loss was 1.04 BTC, meaning more than half of the victims who submitted reports lost over 1 Bitcoin.
Galaxy has shared identified attacker addresses with crypto exchanges, compliance firms and law enforcement, potentially allowing funds to be frozen if they reach centralized platforms.
About 87% of the Bitcoin attributed to the Coldcard hardware wallet hack remains unmoved, according to Galaxy Research.
Galaxy has linked the exploit to the theft of 1,789.28 BTC from 8,865 addresses, worth roughly $114.7 million at the time of the attacks. Of that amount, around 1,561 BTC is still sitting in attacker-controlled collection or holding addresses.
Researchers said some funds stolen in later attack waves have moved through CoinJoin transactions, peel chains and other obfuscation techniques, but the largest holdings remain visible onchain.
Galaxy’s latest analysis includes 221 victim reports covering 790.72 BTC in losses. The median reported loss was 1.04 BTC, meaning more than half of the victims who submitted reports lost over 1 Bitcoin.
Galaxy has shared identified attacker addresses with crypto exchanges, compliance firms and law enforcement, potentially allowing funds to be frozen if they reach centralized platforms.