Coldcard Bitcoin Theft Toll Clears $112 Million — And the Quiet Since August 6 Is Not the Reassurance It Seems

By Isaac • August 16, 2026 7:18 am •

A hardware wallet is supposed to put distance between your Bitcoin and an attacker. For a growing group of Coldcard owners, the device itself appears to have supplied the opening.

Galaxy Research says it now has very high confidence that more than 1,778 BTC was stolen through a Coldcard seed-recreation exploit. That was worth roughly $112 million at the firm’s measured price, and Galaxy expects the final total to climb.

The attacks have slowed. That is the good news.

The dangerous part is why they may have slowed.

COLDCARD ATTACKS EASE, BUT LOSSES CLIMB

We have very high confidence that total BTC stolen in the Coldcard exploit has exceeded 1,778 BTC ($112m), though final number