Coldcard Losses Near $114M as Small Bitcoin Transfers Spike

Recent data shows a sharp increase in Bitcoin transfers involving less than one coin. This movement reminds many traders of the period immediately following the collapse of the FTX exchange. Analysts are keeping a close watch as these smaller transactions often signal shifts in how users manage their hardware wallets.

Galaxy Research recently highlighted a worrying trend involving Coldcard wallets. Reports indicate that thefts tied to these devices have reached nearly $114 million. This surge is being described as a likely fourth wave of targeted attacks against hardware wallet users.

Security experts suggest that users should double check their device settings and firmware versions. With theft numbers rising, the community is focused on whether these losses are due to specific software vulnerabilities or human error. Traders should monitor future reports to see if this pattern of small transfers continues or slows down.