The Coldcard hardware wallet hack has grown to $116 million across four waves, with Galaxy Research tracking sweep rates 45x above baseline.

Galaxy Research identified more than $70 million in Bitcoin losses linked to the Coldcard wallet incident and warned users to move funds from vulnerable addresses.

A Coldcard Mk3 firmware flaw drained up to 1,082 BTC in 41 minutes. CZ urges users to split funds as self-custody confidence takes a major hit.

Hackers exploited a software flaw in Coldcard Bitcoin wallets, causing significant financial losses. This vulnerability affected the security keys used to protect user…