News
Public · Published
Coldcard Wallet Hack May Reach $130M as Fourth Attack Wave Emerges
Investigators have identified a possible fourth wave of Bitcoin thefts exploiting a vulnerability in the Coldcard hardware wallet, and Galaxy Research estimates the total losses could reach $130 million.
Published:
Updated:
What happened
Investigators have identified a possible fourth wave of Bitcoin thefts exploiting a vulnerability in the Coldcard hardware wallet, and Galaxy Research estimates the total losses could reach $130 million.
Confirmed
Global impact / market context
Coldcard is a popular hardware wallet used to store Bitcoin securely; a large‑scale breach could erode confidence in self‑custody solutions, prompting users to reconsider how they protect crypto assets.
Analyst inference
The Bitcoin market is sensitive to security incidents; past wallet hacks have caused short‑term price dips and increased demand for alternative storage methods, influencing investor sentiment and trading volumes.
Analyst inference
What to watch
- Further disclosures from law enforcement about the scale of the fourth attack wave and any identified perpetrators. Proposed
- Updates from Coldcard on firmware patches or security advisories that could mitigate the vulnerability. Proposed
- Changes in Bitcoin transaction volumes or price volatility that may reflect broader market reactions to the hack. Proposed
Affected assets
- BTC — Bitcoin