Bitcoin Losses From Coldcard Hack Could Hit $130M

Bitcoin holders are facing a painful moment as total losses linked to the recent Coldcard security breach continue to climb. New estimates suggest the total damage could reach $130 million, making it one of the most expensive security incidents for hardware wallet users this year.

Security analysts warn that the situation might actually be worse than initial numbers show. A suspected fourth wave of attacks is currently under investigation. If those extra wallet drains are confirmed, the overall losses will go even higher.

This incident puts a heavy focus on self custody security. Hardware wallets are usually considered the safest way to store crypto, so a breach of this size creates real anxiety across the market. Traders and long term holders are watching closely to see how the attacker is draining funds and whether more wallets are at risk.