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

Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.

The top 3

1. Top 3 Largest Crypto Thefts in History: The $70 million Coldcard loss is significant, but pales in comparison to the largest crypto hacks ever recorded, which have collectively cost billions.
2. Top 3 Hardware Wallet Security Features: Hardware wallets like Coldcard are praised for security, relying on advanced features to protect private keys from online and physical threats.
3. Top 3 Bitcoin Price Drops Post-Hack: Major crypto hacks have historically triggered significant, albeit often temporary, drops in Bitcoin's price, reflecting market sensitivity to security breaches.

Sources

• Cointelegraph

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