Galaxy Research: COLDCARD hack losses top $100 million; could reach $130 million including suspected cases

AI Market Summary

Galaxy Research estimates losses from the COLDCARD hack have surpassed $100 million, with suspected totals potentially reaching $130 million (~2k BTC). The headline elevates near-term security and counterparty-risk concerns across crypto custody and wallet infrastructure, which can suppress risk appetite and increase scrutiny of self-custody practices. Any subsequent attribution or recovery updates could further influence sentiment and positioning in major crypto assets.

Impact level

● Medium

Affected assets

BTC/USDT+1.69%

AI Insight · BTC/USDTAI Insight

▼ Bearish

Trade now

⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.

Galaxy Research estimates that confirmed losses tied to the COLDCARD hack have surpassed $100 million. The firm added that when suspected—but unverified—losses are included, the figure could swell to $130 million, or roughly 2,000 BTC.

Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.

Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.