Galaxy Research has updated its estimate of the Coldcard wallet incident, identifying that 1,196 addresses lost a total of 1,082.65 Bitcoin within a brief 41-minute period. This adjustment pushes the total loss value to roughly $70 million, a significant increase from earlier reports. The rapid outflow highlights the scale and speed at which the breach unfolded.
The Coldcard hardware wallet, known for its security features, experienced a breach that stunned the crypto community. The findings reveal a far wider impact than initially thought, casting new light on vulnerabilities even in trusted devices. Analysts are now scrutinizing how such a large transfer went unnoticed for so long.
Incidents like this raise concerns over asset safety amidst rising cyber threats targeting cryptocurrency holders. In comparison, previous large-scale losses such as the $17 million hit after the SK Hynix contract liquidation point to a volatile environment where risks are evolving. Keeping up with these developments is key for users relying on wallets to secure their digital assets.
This information is for educational purposes and does not constitute financial advice.
