Galaxy Research Warns of Fourth Coordinated Attack Wave Targeting COLDCARD Wallets
AI Market Summary
Reports of an apparent fourth coordinated attack wave targeting COLDCARD users, with ~389 BTC swept across 462 addresses in a short window, signal elevated wallet-security and operational risk. Even if limited to specific users, such incidents can pressure near-term crypto risk appetite, raise scrutiny of self-custody practices, and increase short-term demand for forensic tracking and exchange monitoring around the affected flows.
Impact level
● Medium
Affected assets
BTC/USDT-0.96%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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According to a report by The Block on Dec. 11, Galaxy Research's Head of Research Alex Thorn has issued a warning regarding a likely fourth coordinated attack wave targeting COLDCARD hardware wallet users. Thorn noted that within a 2.5-hour window on Wednesday, approximately 218 transactions were executed, sweeping roughly 389 BTC from 462 distinct addresses. This activity suggests a sophisticated and systematic attempt to drain funds, following previous patterns of coordinated exploits. The rapid movement of assets highlights an ongoing security threat for the Bitcoin storage solution. Market participants and COLDCARD users are advised to remain vigilant as the situation develops and further forensic analysis is conducted on the involved addresses.
