A massive Coldcard wallet hack has stolen over 1,789 Bitcoin—worth more than $114 million—at the time. While hackers haven’t cashed out most of it (87% still sits untouched), victims report losses averaging over one Bitcoin, with some losing hundreds of thousands in value. Researchers have shared stolen addresses with exchanges and law enforcement to freeze funds if moved through centralized platforms. Later attacks used CoinJoin to obscure trails, but investigators are actively tracking the flow. This is a high-stakes cat-and-mouse game with billions at stake.
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