Galaxy Research has tallied the damage from the Coldcard hack: 1,789 BTC total losses. The firm's report says 87% of that stolen bitcoin hasn't moved since it was taken. And out of 221 victim reports, more than half involved individual losses of more than one bitcoin.
The unmoved pile
The big number here is the 87% that's still sitting. Galaxy Research said that share of the stolen bitcoin remains unmoved, meaning it hasn't been transferred to an exchange, a mixer, or any other address. That's a lot of money staying put.
The fact that it hasn't moved is notable. It could be that the attacker is waiting for the heat to die down, or that they're having trouble cashing out. The report doesn't speculate on the reason, just the number.
Who got hit
The report also tallied 221 victim reports. More than half of those individuals said they lost more than one bitcoin each. That's a significant chunk of money for a typical user, even in a market where bitcoin prices fluctuate.
The report doesn't name any of the victims, but the losses are real. With 1,789 BTC total, the hack ranks among the larger thefts of the year.
The big question is whether that unmoved bitcoin will ever move. Galaxy Research didn't say. For now, the funds remain where they were left. The report's numbers are a reminder that hacks in crypto often leave a long tail of unanswered questions.
