Coldcard Hack Could Hit 2,055 BTC Total According to Research

Galaxy Research has been tracking a series of thefts linked to a security flaw in Coldcard hardware wallets. Their latest data shows that 1,596 Bitcoin have already been moved across three confirmed waves of attacks. This discovery highlights a serious risk for users who rely on these devices for long term storage.

The total losses could grow even larger. Analysts are currently looking into a suspected fourth wave of transactions. If these are confirmed as part of the exploit, the total stolen amount would jump to 2,055 BTC. That represents a value of nearly $130 million based on current market rates.

This event serves as a sharp reminder that even offline storage can have vulnerabilities. Investors should monitor their wallets closely and check for any official security updates or firmware patches. It is essential to stay informed as researchers work to map out the full extent of the damage.