Coldcard Wallet Incident: Bitcoin Losses Soar to $70 Million After Galaxy Analysis
Coldcard Wallet Incident: Bitcoin Losses Soar to $70 Million After Galaxy Analysis
Published on
A recent analysis by Galaxy Research has drastically increased the estimated financial impact of the Coldcard wallet incident. The new findings reveal that 1,196 addresses collectively lost 1,082.65 Bitcoin within a mere 41-minute window, pushing the total estimated loss to a staggering $70 million.
Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident. This updated analysis significantly raises the overall loss estimate for the security breach, now standing at approximately $70 million.