NewsSOS
More than $100 million in $BTC has been stolen from Coldcard hardware wallet users across three confirmed attack waves, according to Galaxy Research.
Ninety percent of the stolen funds remain unmoved on-chain, the firm said, as investigators examine a suspected fourth wave that could push total losses to $130 million.
What the on-chain data shows Galaxy Research found that 90% of the $BTC taken across the three confirmed attack waves has not been transferred or liquidated as of the firm's report.
That figure is the central on-chain finding. Funds left in place at this scale can indicate the attacker is waiting or has lost access to the holdings. Galaxy Research did not specify which applies.
Keep reading