Galaxy Research: COLDCARD hack losses top $100M; 1,596 BTC confirmed stolen, total could reach $130M

AI Market Summary

Galaxy Research estimates losses from the reported COLDCARD-related hack exceed $100M, with 1,596 BTC confirmed stolen and total exposure potentially reaching $130M. A theft of this scale is likely to pressure near-term crypto risk appetite, raise custody and counterparty concerns, and increase scrutiny around hardware wallet security practices. Market focus may shift to on-chain attribution, recovery prospects, and potential forced selling by affected holders.

Impact level

● High

Affected assets

BTC/USDT+0.82%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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Galaxy Research said the COLDCARD hack has generated losses of more than $100 million so far. The firm confirmed that 1,596 BTC have been stolen, and estimates the total damage could ultimately rise to $130 million.

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