1,596 Bitcoin gone
The numbers are stark. Over 1,596 Bitcoin have been taken so far, valued at more than $100 million at current prices. That makes this one of the larger hardware wallet-related incidents in recent memory. The exploit appears to have unfolded in waves, with each new phase adding to the tally. The exact method remains unclear, but the impact is undeniable. For context, 1,596 Bitcoin is enough to rank among the biggest single-wallet breaches in the past few years.
Wave 4 could push losses to $130M
A fourth wave of the exploit is now active. If it plays out as expected, total losses could reach $130 million. That would mean an additional $30 million in stolen funds, bringing the total to over 2,000 Bitcoin. The attackers appear to be methodical, targeting specific wallets or vulnerabilities. The timeline for this wave isn't clear, but the threat is ongoing. Users are advised to remain vigilant and consider moving funds to a new wallet if they hold Coldcard devices.
