Roughly $70 million in $BTC was drained from nearly 1,200 addresses linked to a Coldcard vulnerability, Galaxy Research reports. The firm counts more than 1,000 $BTC removed across those wallets, a per-address average near $58,000.
The tally
Galaxy Research identified nearly 1,200 drained addresses and more than 1,000 $BTC removed. The $70 million is the firm's aggregate dollar figure.
| Metric | Galaxy Research figure |
|---|---|
| Addresses drained | ~1,200 (reported) |
| Bitcoin volume | >1,000 BTC (reported) |
| Aggregate value | ~$70 million (reported) |
| Per-address average | ~$58,000 (derived) |
Coldcard vulnerability
Galaxy Research traced the $70 million in losses to a Coldcard vulnerability. The nearly 1,200 address count and 1,000-plus $BTC are the firm's published figures, not projected.
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