Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy

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Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy

60-second summary

Galaxy Research warns that the recent slowdown in Coldcard Bitcoin thefts may be a false sense of security, with losses potentially exceeding $150 million. The lull likely indicates that vulnerable holders have migrated or were already emptied, suggesting that thieves are targeting and exploiting existing weaknesses, leaving the market vulnerable to further attacks and potential losses.

Galaxy Research says the lull likely means vulnerable holders migrated, or were already emptied.