Galaxy puts Coldcard hack losses at 1,789 BTC, with 87% unmoved

Galaxy Research’s latest tally shows that more than half of 221 Coldcard hack victim reports involved individual losses exceeding 1 Bitcoin.

The vast majority of Bitcoin stolen in the Coldcard hack remains unmoved, according to researchers tracking one of the largest hardware wallet exploits.

Galaxy Research has attributed the theft of 1,789.28 Bitcoin from 8,865 addresses to the Coldcard hack, according to a Monday X post by Alex Thorn, Galaxy’s head of research. The funds were worth $114.7 million at the time of theft.

Thorn said attackers have not spent 1,561 Bitcoin, or 87.3% of the attributed losses. The funds remain in attacker-controlled collection or holding addresses, including all Bitcoin stolen during the first three attack waves.

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