Galaxy Research flags suspected attacks draining 1,367.05 BTC from Coldcard-generated addresses

Bitcoin on-chain analysis identified three suspected attack waves involving 4,585 addresses tied to addresses generated by Coldcard, pointing to a potentially broader wallet-security concern.

Summary

Galaxy Research said its Bitcoin on-chain analysis found three suspected attack waves targeting addresses generated by Coldcard, with 4,585 addresses involved and total losses of 1,367.05 BTC. The finding points to a possible wallet-security issue affecting a large cluster of addresses and suggests the activity unfolded in multiple coordinated phases rather than a single incident.

Terms & Concepts
  • on-chain analysis: Study of blockchain transaction data
  • Coldcard-generated addresses: Bitcoin addresses created by Coldcard wallet devices
  • BTC: Ticker symbol for Bitcoin