Galaxy Says Over Half of Coldcard Victims Lost More Than 1 BTC

TL;DR

• Galaxy Research attributes 1,789.28 BTC stolen from 8,865 addresses to the Coldcard exploit, worth $114.7 million, with median reported losses above 1 BTC.
• The 221 victim reports cover 790.72 BTC, and more than half involved losses exceeding 1 BTC, highlighting the exploit’s severe impact on self-custody users.
• Attackers left 1,561 BTC, or 87.3%, unmoved, while later funds used CoinJoin and peel chains; addresses were shared with exchanges and law enforcement.

Galaxy Research says the Coldcard exploit has now been linked to 1,789.28 BTC stolen from 8,865 addresses, worth $114.7 million at the time of theft. Yet the latest victim data reveals something even more personal: more than half of 221 reported cases involved losses above 1 BTC. The uncomfortable reality is that many victims were not losing small test balances, but meaningful Bitcoin holdings accumulated over time. The median reported loss reached 1.04272 BTC, highlighting how deeply the incident cut across users relying on hardware wallets for long-term self-custody across a particularly vulnerable user group.

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