Key facts
- Losses from a Coldcard Bitcoin hack have reached over $115 million.
- Galaxy Research confirmed the total loss amount.
- The FBI is reportedly investigating the hack and may have identified a suspect.
- The incident is believed to involve a "Wave 1 Thief" potentially known to law enforcement.
A significant hack targeting Coldcard Bitcoin wallets has resulted in losses exceeding $115 million, according to an analysis by Galaxy Research. The incident, which appears to have affected multiple victims, is now under investigation by the FBI, which may have identified a suspect involved in the initial wave of theft.
The investigation is ongoing, with authorities working to track down the perpetrator and potentially recover the stolen funds. The scale of the losses highlights the ongoing risks associated with cryptocurrency security and the sophistication of cybercriminals operating in the digital asset space.