Canadian Bitcoin holders account for 25% of all attributable losses in the Coldcard wallet exploit. Total stolen assets reach $116 million while Galaxy Research traced the attack to a March 2021 firmware update. Geographic Distribution of Losses Canadian bitcoin holders have emerged as the single largest demographic affected by the ongoing Coldcard hardware wallet exploit, […]
Bitcoin.com News•Terence Zimwara6 Aug
Most of the Bitcoin stolen through the COLDCARD wallet flaw remains unmoved, but on-chain investigators have detected a separate attacker beginning to route smaller amounts through a mixer. COLDCARD attacker leaves 1,159 BTC untouched Galaxy Research said the largest known…
The Coldcard hardware wallet exploit has resulted in the theft of at least 1,596 BTC from about 7,300 addresses as users continue moving funds from potentially vulnerable wallets. Galaxy Research said the confirmed losses came from three major attack waves and 14 smaller incidents. The firm has also identified a possible fourth wave that could […]
CryptoSlate•Oluwapelumi Adejumo5 Aug
Galaxy Research has estimated that losses tied to the Coldcard hardware wallet vulnerability have reached 1,596 Bitcoin across confirmed attack waves and could climb to about 2,055 BTC, or nearly $130 million, if a suspected fourth wave is verified. Galaxy…
Galaxy said on X that it suspects the losses to be greater once the yet-unconfirmed fourth wave of attacks is included.
The Block•Danny Park4 Aug
Galaxy Research said 90% of the stolen Bitcoin remains unmoved as investigators examine a suspected fourth wave that could lift losses to $130 million.
Cointelegraph•Cointelegraph by Ezra Reguerra4 Aug
Transfers of less than 1 BTC hit levels last seen days after the FTX collapse, while Galaxy Research flagged a likely fourth wave of thefts.
Galaxy Research head Alex Thorn warned early Monday that a fourth coordinated attack wave is likely targeting Coldcard users. The random number generator (RNG) exploit has been linked to 1,367.05 Bitcoin (BTC) from 4,585 addresses across three confirmed waves. A verified fourth wave would push totals higher. Coldcard Exploit Deepens as Suspected Fourth Wave Sweeps
BeInCrypto•Kamina Bashir3 Aug
Galaxy research head Alex Thorn warned that unconfirmed transactions may give some Coldcard users a narrow opportunity to save their funds.
Cointelegraph•Cointelegraph by Felix Ng3 Aug
Coldcard’s wallet crisis has shaken Bitcoin sentiment, blurred on-chain signals and exposed a recurring weakness in AI-assisted cyber defenses. On July 30, hardware maker Coinkite warned users that wallets generated with affected Coldcard firmware could be drained because a software error produced seed phrases with far less randomness than intended. This security incident, Galaxy Research […]
CryptoSlate•Oluwapelumi Adejumo2 Aug
Galaxy Research says a third wave of thefts from Coldcard Bitcoin wallets has pushed observed losses to roughly 1,367 BTC across 4,585 addresses.
The Coldcard breach highlights critical vulnerabilities in hardware wallet security, urging investors to reassess their digital asset protection strategies.
CryptoBriefing•Editorial Team1 Aug
A suspected third wave of Coldcard-related bitcoin sweeps has pushed the observed incident to an estimated 1,367 BTC, while exchange deposits and long-dormant wallet activity have added two more signals for analysts to watch. A Third Wave Expands the Damage Galaxy Research disclosed on X that the three suspected waves drained about 4,585 addresses and […]
Bitcoin.com News•Jamie Redman1 Aug
The Binance founder urged holders to spread funds across multiple wallets as Galaxy Research put the toll from the Coldcard exploit at roughly $70 million—nearly double the initial estimate.
Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.
Cointelegraph•Cointelegraph by Helen Partz1 Aug
An attacker exploited weak seeds generated by certain Coldcard hardware wallets to steal bitcoin worth roughly tens of millions from hundreds of addresses on July 30. According to a deep analysis from Galaxy Research, the core theft unfolded in a tightly coordinated burst lasting about 25 minutes, while broader analysis later connected roughly 1,196 addresses […]
Bitcoin.com News•Jamie Redman1 Aug
Galaxy said nearly 1,200 addresses were drained of more than 1,000 BTC worth roughly $70 million tied to a Coldcard vulnerability.
The Block•RT Watson31 Jul
The reduced odds of the CLARITY Act passing highlight the challenges of achieving bipartisan support for crypto regulation, impacting market confidence.
CryptoBriefing•Estefano Gomez28 Jul
Galaxy Research lowered its estimate for the CLARITY Act becoming law in 2026 to 30% after lawmakers released final text of the crypto market structure bill, with unresolved disputes threatening the bipartisan support needed for passage. Galaxy Research Lowers CLARITY Act Outlook After Final Senate Text Galaxy Research lowered its estimate for the CLARITY Act […]
Bitcoin.com News•Kevin Helms27 Jul
Galaxy Research lowers odds for the Clarity Act to become law in 2026 from 50% to 30%. Clarity Act signed into law in 2026 at 30% YES.
CryptoBriefing•Estefano Gomez24 Jul