A Coldcard Hacker Just Moved $1.94 Million in Stolen Bitcoin for the First Time, Is a Cash-Out Coming?

In the latest Bitcoin news, a wallet associated with the Coldcard hack transferred 30.185 BTC, worth about $1.94 million, to a newly created address on Aug. 7, according to on-chain tracker Lookonchain.

The movement followed weeks of inactivity and represents roughly 1.5% of the estimated 2,055 BTC linked to the theft.

The transfer does not confirm that the bitcoin will be sold or exchanged. However, Lookonchain reported that it was the attacker’s first movement since the initial theft, drawing attention to whether further transfers follow.

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Bitcoin News: On-Chain Tracking Flags BTC Cash-Out Risk

The wallet activity follows a major hardware-wallet breach involving more than $100 million in reported losses. On-chain analysis from Galaxy Research identified three confirmed attack waves that drained 1,596 BTC from roughly 7,300 addresses.

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