Coldcard Bitcoin Theft Passes $100M Across Three Waves

Security analysts at Galaxy Research report that three confirmed attack waves have drained over $100 million in Bitcoin from Coldcard users. Investigators are currently looking into a suspected fourth wave that could push total losses up to $130 million.

Surprisingly, about 90 percent of the stolen funds remain sitting in the same addresses without moving. This strange pattern gives blockchain investigators a strong chance to track the stolen coins and potentially freeze them if they hit centralized exchanges.

Hardware wallet users need to stay extremely careful and double check their device security. Watch for updates from wallet makers and keep an eye on how these unmoved funds shift across the blockchain in the coming weeks.