Coldcard Wallet Exploit Losses Hit $130 Million as Thefts Continue

Key Facts

Amid escalating concerns over the security of digital asset self-custody, estimated losses from the Coldcard wallet exploit have surged to $130 million. According to reports, the theft of funds is ongoing as attackers leverage a security vulnerability to drain thousands of user addresses in distinct waves. This incident highlights a significant breach of trust in hardware storage solutions typically viewed as the gold standard for safety.

Galaxy Research has confirmed the scale of the crisis, identifying the theft of at least 1,596 BTC across approximately 7,300 individual wallet addresses. Per market data and research findings, the persistence of these thefts suggests a sophisticated exploit that continues to impact users. The escalation to a nine-figure loss underscores the vulnerability of even offline storage methods when underlying firmware or software interfaces are compromised.

With specific instrument price data currently unavailable, market participants are qualitatively assessing the impact on broader crypto sentiment. Investors should note the broader macroeconomic context, such as the Fed Interest Rate Decision on July 29, 2026, which held rates at 3.75%. While the crypto sector faces internal security headwinds, these external monetary factors remain a primary driver of overall market liquidity and risk appetite.