Bullish
Galaxy Flags Third COLDCARD Attack Wave With Estimated Losses Surpassing $88 Million
2026-08-02 03:10:01
Galaxy identifies third COLDCARD security breach wave causing over $88M in losses, urging immediate BTC transfers from post-2020 devices to mitigate further theft risk.
Woofun AI reports that Galaxy has detected a third wave of attacks targeting COLDCARD hardware wallets, with total estimated losses now exceeding $88 million. The firm advises users holding funds in any ColdCard model issued after 2020 to transfer their BTC immediately to secure assets.
WOOFUN AI
Impact Assessment · Quick Read
The recurrence of sophisticated hardware wallet exploits highlights persistent vulnerabilities in physical security solutions, potentially eroding user trust in cold storage. As losses mount, the incident may accelerate demand for alternative custody methods or multi-signature setups. Investors should remain vigilant regarding device provenance and firmware integrity to avoid similar exposure.
Generated by WOOFUN AI · For reference only, not investment advice
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