Coldcard Hacker Moves $7.7M in Stolen Bitcoin

The hacker responsible for the recent Coldcard security breach has started moving a large sum of stolen Bitcoin. Recent blockchain data shows the attacker transferred around $7.7 million, which makes up nearly half of their total third wave haul. The hacker originally placed the stolen crypto into 293 separate vaults to hide the trail.

Now, the attacker is emptying these vaults one by one, starting with the largest amounts first. This systematic movement suggests the perpetrator is trying to mix or cash out the funds before security teams and exchanges can freeze the assets. Analysts are watching these addresses closely to see where the coins land next.

Incidents like this highlight why self custody security requires constant vigilance. As the hacker works through the remaining vaults, traders and investigators will monitor exchange inflow addresses for any sign of a dump. Keep an eye on your hardware wallet firmware updates and security alerts.