Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysis

CryptoInfo Editorial Team · Published on August 01, 2026 at 09:23 · Updated on August 01, 2026 · 1 min read

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Key Takeaways

→Galaxy Research identified 1,196 addresses that lost bitcoin in the Coldcard wallet incident
→The estimated loss is 1,082.65 Bitcoin in a 41-minute window, valued at $70M
→The analysis expands the estimated scope of the incident, reported by CoinTelegraph

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

A recent analysis by Galaxy Research has expanded the estimated scope of the Coldcard wallet incident, with significant bitcoin losses reported. The research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window.

This incident has led to an estimated loss of $70M, according to the analysis. The findings are based on reporting from CoinTelegraph.

The Coldcard wallet incident has affected a substantial number of users, resulting in considerable financial losses. The details of the incident highlight the importance of security in cryptocurrency transactions and storage.

Source: CoinTelegraph ↗

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