Crypto· Bitcoin

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

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.

By AI NewsroomPublished about 10 hours agoUpdated 38 minutes ago7 views

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

Why It Matters

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Key Facts

Fact 1: 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.
Fact 2: The funds were worth $114.7 million at the time of theft.
Fact 3: Thorn said attackers have not spent 1,561 Bitcoin, or 87.3% of the attributed losses.
Fact 4: Source: Alex Thorn The latest tally draws partly on 221 victim reports covering 790.72 Bitcoin in losses, or 44.2% of the total Galaxy attributed to the hack.

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.

(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)

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Original source: Cointelegraph — Bitcoin

Also reported by Cointelegraph.