Coldcard hack losses: How investigators trace stolen Bitcoin
The Coldcard hack has no definitive loss figure yet as investigators rely on victim reports and onchain analysis that produce varying estimates.
The Coldcard hack is testing crypto investigators’ ability to measure losses from self-custody wallets, where victim reports are critical to establishing the scale of the theft.
Blockchain analytics platform CryptoQuant currently puts confirmed losses at 1,432 Bitcoin, while other analysts have traced substantially more funds to the attack.
Galaxy Research and blockchain intelligence company TRM Labs both say their analysis points to a higher toll, while distinguishing between losses directly confirmed by victims and funds attributed to the attack through onchain patterns.