Slowdown in Coldcard Bitcoin Thefts May Mask Larger Losses, Galaxy Reports

Recent analysis by Galaxy Research suggests that the slowdown in thefts involving Coldcard hardware wallets may not indicate a reduced threat but could reflect a migration of vulnerable holders or that many wallets have already been drained. The research estimates that total losses from these thefts could surpass $150 million, highlighting ongoing security concerns within the Bitcoin ecosystem. The lull in activity might be a temporary pause before further exploitation, or it could signify that malicious actors have exhausted the most accessible targets. Security experts advise users to remain vigilant and follow best practices for hardware wallet security to mitigate risks. The situation underscores the importance of continuous monitoring and proactive security measures in safeguarding digital assets.