Crypto
Galaxy Analysis Raises Estimated Loss of Coldcard Wallet Incident to $70M
The scope of the Coldcard wallet incident has expanded significantly after an analysis by Galaxy Research. The company identified 1,196 addresses linked to the incident that lost a total of 1,082.65 Bitcoin in a 41-minute window.
This loss estimate now stands at around $70.2 million, which is higher than the initial estimate of $38 million made by AnchorWatch CEO and co-founder Rob Hamilton.
The transactions occurred between 1:10 AM and 1:51 AM UTC on July 30 across blocks 960,183 to 960,191, about 30 hours before Coldcard published its first security advisory.