Coldcard Wallet Suffers Third Hack Wave; Total 1,367.05 BTC Stolen
AI Market Summary
Galaxy Research reports a third wave in the ColdCard-related hack, bringing total theft to 1,367.05 BTC (~$88.6m) across 4,585 addresses, with a consistent aggregation pattern and ~27-hour cadence between waves. The attacker's destination address still holds ~1,366.39 BTC unspent onchain, elevating near-term overhang and security risk perceptions that can dampen broader crypto risk appetite and increase monitoring of exchange inflows.
Impact level
● Medium
Affected assets
BTC/USDT+0.86%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Galaxy Research monitoring indicates the Coldcard wallet incident has entered a third wave, with another 207.73 BTC taken. The three waves combined have resulted in 1,367.05 BTC—about $88.6 million—being stolen, impacting 4,585 addresses. Analysts noted the same fund-aggregation pattern, destination addresses, and derivation paths across all waves, with each wave occurring roughly 27 hours apart. The attacker's final destination address currently holds 1,366.39 BTC—around $88.6 million—still unspent on-chain.
