Coldcard vulnerability linked to 1,789.28 BTC theft across 8,865 addresses
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Research cited by Galaxy indicates a Coldcard-related vulnerability event impacted 8,865 addresses, with estimated losses of 1,789.28 BTC (and up to ~1,824 BTC including medium-confidence cases). The scale, long dormancy of affected addresses, and partial underreporting highlight persistent self-custody and hardware-wallet operational risks. Near term, this can weigh on crypto risk appetite and increase scrutiny of wallet security practices.
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Odaily Planet Daily, citing Galaxy's head of research, said the Coldcard vulnerability incident affected 8,865 addresses and led to losses of 1,789.28 BTC. The stolen amount was valued at $114.7 million at the time of the theft and is worth about $138.8 million at current prices.
On an address-level basis, the median loss was 0.00152 BTC and the average loss was 0.20184 BTC. The median dormancy of affected addresses was 3.2 years, with an average of 3.6 years.
Based on 221 victim reports, the median loss was 1.04272 BTC and the average loss was 3.57792 BTC. The median dormancy period was 3.25 years, while the average was 2.99 years.
Victims reported total losses of 790.72 BTC, accounting for 44.2% of the overall losses. Including medium-confidence losses that have yet to be confirmed would bring the total to 1,824 BTC, worth about $140 million at the time of the losses.
