Coldcard Losses Pass $115 Million, Galaxy Research Data Shows

NewsMon, 17 Aug 2026 08:32:24 UTC1 hour ago

Galaxy Research said that Coldcard losses have exceeded $115 million, covering 1,778.58 Bitcoin (BTC) swept from 8,680 addresses since July 30, according to Galaxy data through August 13.

One new chart from the firm ranks the 10 largest sweep groups by transaction habits. However, most of the drained addresses still have no named owner.

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Coldcard losses have exceeded $115M (based on the price when coins were stolen)

Galaxy Research has spoken with 200+ victims to support them and gather intelligence on the attackers

This thread contains additional charts and info 👇 pic.twitter.com/H2K141mugF
- Galaxy Research (@glxyresearch) August 16, 2026

Every Stolen Coin Postdates the 2021 Firmware Release

The flawed firmware was shipped on March 17, 2021, at block 674,951. Galaxy found no stolen coin created before that point.

Zero of 6,303 coins taken in the waves predate the release. The same holds for 3,598 dated addresses reported by victims. The earliest sits at March 22, 2021.

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Coldcard Losses Pass $115 Million, Galaxy Research Data Shows

Every Stolen Coin Postdates the 2021 Firmware Release

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