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Galaxy Research Tracks Coldcard Hack Fallout

A deep dive by Galaxy Research into the recent Coldcard exploit reveals significant victim losses, with the vast majority of stolen Bitcoin remaining untouched.

MustakAug 25, 20261 min read
#bitcoin#cyber security#data analysis#hardware wallet

New data from Galaxy Research has shed light on the scope of the recent Coldcard security incident. Analysts compiled reports from 221 affected users, uncovering that a substantial portion of these victims suffered losses exceeding one full Bitcoin.

The investigation highlights a total loss tally of 1,789 BTC. Perhaps most notably for market observers, the research indicates that approximately 87% of the pilfered funds have not yet been moved or laundered, remaining stagnant in the original addresses identified post-hack.

Key Findings:

  • Total reported losses: 1,789 BTC
  • Majority of cases involve 1+ BTC losses
  • 87% of stolen assets remain stationary

This ongoing surveillance underscores the persistent risks associated with hardware wallet security and the importance of vigilance within the digital asset ecosystem as investigations continue.

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