Coldcard Third-Wave Attacker Moves 45% of Stolen Bitcoin

The attacker involved in the third wave of Coldcard hardware wallet-related thefts has moved approximately 45% of the stolen Bitcoin, according to data from blockchain analysis firm Galaxy. The report highlights that 82% of the stolen Bitcoin remains in the original addresses associated with the thefts, while 18% has been transferred in what appears to be laundering efforts.

The Coldcard attacks, which targeted users of the Coldcard hardware wallet, resulted in significant thefts across multiple incidents. The recent movement of funds suggests ongoing efforts by the attacker to obfuscate the stolen assets or cash out.

Galaxy's analysis indicates that the majority of the stolen Bitcoin is still held in addresses linked to the original thefts, but the transfer of a substantial portion raises concerns about the potential for further laundering or liquidation.

Security experts continue to monitor the situation, emphasizing the importance of secure storage practices and the need for ongoing vigilance against such targeted attacks. The incident underscores the risks associated with hardware wallet security breaches and the importance of timely response to thefts.