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

60-second summary

Galaxy Research has identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident, now totaling around $70 million in losses. The analysis suggests a significant breach of security, potentially linked to a hardware wallet vulnerability, raising concerns about the integrity of digital asset storage solutions.