EL7.AI
CryptoMediumUpdated×4•Originally published 4 August 2026•Updated 4 August 2026•
1 min read

Coldcard Bitcoin Theft Surpasses $100M Across Three Waves

Digital illustration of a Coldcard wallet, a cracked safe, and a folder labeled Bitcoin Theft on an orange background.

Key Facts

1Galaxy Research reported that total Bitcoin stolen via Coldcard wallet exploits has surpassed $100 million.
290% of the stolen Bitcoin remains unmoved as investigators look into a potential fourth wave that could raise losses to $130 million.

Amid escalating security challenges for cold storage solutions, recent data reveals a significant surge in funds lost to exploits targeting Coldcard wallet users. Galaxy Research reported that the total value of Bitcoin stolen across three confirmed attack waves has surpassed the $100 million mark. According to reports, this escalation reflects broader security vulnerabilities than previously estimated, placing renewed pressure on security standards within the hardware wallet sector.

Blockchain forensic analysis indicates that 90% of the stolen Bitcoin remains unmoved in the attackers' wallets, which mitigates immediate sell-side pressure on the market. However, investigators are currently looking into a potential fourth wave of attacks that, if confirmed, could raise total losses to $130 million. These developments come at a critical time for the industry, as attention focuses on the ability of custody providers to safeguard digital assets against sophisticated exploits.

Investors should monitor the results of ongoing investigations into the potential fourth wave as a key forward catalyst. Additionally, global markets are processing significant economic data that impacts risk appetite, notably the U.S. Fed Interest Rate Decision on July 29, 2026, which held rates steady at 3.75%.

Latest Updates · 2

  1. Notable·

    Update: Galaxy Research has quantified the confirmed losses at 1,596 Bitcoin resulting from these exploits. Should the fourth wave of attacks be verified, the total amount of lost assets is expected to rise to 2,055 BTC.

  2. Notable·

    Update: Researchers have revised the total loss estimates for the Coldcard exploit upward after identifying additional victims and confirming the expansion of attack waves. This upward revision suggests the breach may be more extensive than previously estimated, further heightening concerns over cold storage security standards.