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    Home»Crypto News»Bitcoin»rewrite this title in other words: Galaxy Maps Coldcard Bitcoin Losses After Wallet Incident
    Cointelegraph
    Bitcoin

    rewrite this title in other words: Galaxy Maps Coldcard Bitcoin Losses After Wallet Incident

    August 1, 20262 Mins Read
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    changelly

    rewrite this content and keep HTML tags as is. This is content from rss feed and I don’t need their *Daily Debrief Newsletter*, their tags from bottom like this *Share this articleCategoriesTags*, Editorial Process section, phrases like *Featured image from Peakpx, chart from Tradingview.com*, SPECIAL OFFERS and similar sections – just remove such sections and save only article itself:

    Latest NewsPublishedAug 1, 2026

    Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.

    Galaxy Research, the research arm of crypto investment company Galaxy Digital, identified 1,196 addresses linked to the Coldcard wallet incident that lost 1,082.65 Bitcoin, worth about $70.2 million at the time of the transactions.

    Galaxy Research traced the Bitcoin movements between 1:10 AM and 1:51 AM UTC on July 30 across blocks 960,183 to 960,191, about 30 hours before Coldcard published its first security advisory, according to an X post on Friday.

    Earlier preliminary analysis of the Coldcard incident by AnchorWatch CEO and co-founder Rob Hamilton estimated that 594.48 Bitcoin, worth around $38 million, moved across 500 transactions within a three-block window.

    binance

    Galaxy Research later said the identified transactions shared a pattern, including identical 30 satoshis per virtual byte fees and no change outputs. The company said the initial attack activity is identifiable on-chain through this pattern, but noted that future attacks against Coldcard-generated addresses may not follow the same fingerprint.

    Coinkite co-founder Rodolfo Novak said in an X post on Friday that the company takes responsibility for the firmware bug and is working to determine the full scope of the issue.

    Novak said Coinkite released a hotfix to remove the software fallback path, but warned that the update does not protect seeds generated on vulnerable firmware. He advised users who generated seeds on vulnerable firmware to move their funds to a new seed.

    Related: SecondFi to wind down after $2.6M ADA theft linked to wallet flaw

    Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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