Coldcard Incident Losses May Exceed $130M With Multiple Attackers Exploiting Vulnerability

Galaxy Research confirms 1,719 BTC stolen in Coldcard breach, valuing losses at $111M. With 250+ victims and multiple attackers, total theft could surpass 2,300 BTC.

Woofun AI reports that Galaxy Research has high confidence the Coldcard security breach resulted in the theft of 1,719 BTC, valued at approximately $111 million, with total losses expected to exceed $130 million. The research team identified over 25 distinct attack patterns, indicating multiple attackers exploited the vulnerability simultaneously. More than 250 victims have reported the incident; if all unverified cases are confirmed, the total stolen BTC could surpass 2,300. Galaxy Research stated there is no evidence the vulnerability affects signing devices or wallets beyond Coldcard Mk3, Mk4, Mk5, and Q.