Coldcard hack losses still unconfirmed; estimates range up to 1,816 BTC as CryptoQuant verifies 1,432 BTC
AI Market Summary
Reports of a Coldcard hardware wallet hack with confirmed losses of 1,432 BTC (CryptoQuant) and a high-confidence minimum of 1,730 BTC (Galaxy Research), with some estimates up to 1,816 BTC, raise counterparty and operational-risk concerns across crypto custody. The uncertainty around the final total and the breadth of impacted addresses can weigh on market confidence and trigger near-term risk aversion, particularly toward self-custody and wallet security narratives.
Impact level
● Medium
Affected assets
BTC/USDT-1.07%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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ChainCatcher reports that Coldcard hardware wallets have been hacked, with the total confirmed loss still unclear. CryptoQuant has verified losses of 1,432 BTC based on addresses publicly disclosed by victims and confirmed through on-chain patterns, noting the figure could rise as more victims come forward.
Galaxy Research said its previously cited 1,816 BTC was a potential estimate rather than a confirmed total. As of Tuesday, it put the high-confidence minimum loss at 1,730 BTC, including more than 450 BTC directly corroborated through victim reports.
TRM Labs estimated the attacker moved roughly 1,816 BTC in four phases, drawing funds from more than 5,200 addresses.