Galaxy Research’s Alex Thorn warns Coldcard-linked attacks are still ongoing

The Galaxy Research head urged affected users who have not yet migrated assets to move funds quickly as theft tied to the Coldcard vulnerability continues.

Summary

Attacks linked to the Coldcard vulnerability are still ongoing, Galaxy Research head Alex Thorn said, warning that affected users who have not yet migrated their assets should move funds as soon as possible. Thorn said Bitcoin stolen in the three identified large-scale attack waves remains part of the incident, underscoring that the threat has not fully passed for exposed users. The warning points to continuing risk around wallet security vulnerabilities, where delayed migration can leave funds open to further theft.

Terms & Concepts
  • Coldcard vulnerability: A security flaw affecting Coldcard wallets.
  • wallet security vulnerability: A weakness that can expose crypto funds to theft.