Coldcard Bitcoin Hack Expands to $88.6M in Stolen Funds

The Coldcard Bitcoin exploit has expanded to involve 4,585 affected wallets and a total theft of 1,367.05 BTC, worth about $88.6 million. Investigators found that the stolen Bitcoin remains completely unspent, suggesting the attacker is consolidating funds rather than selling immediately.

This behavior indicates strategic planning, with the attacker organizing the stolen assets for potential future use. Ongoing investigations expect more linked wallets to surface, and future Bitcoin movements will be key to understanding whether the attacker shifts from fund management to laundering or distribution.