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Galaxy analysis lifts Coldcard Bitcoin loss estimate to 0M Thumbnail
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Galaxy analysis lifts Coldcard Bitcoin loss estimate to $70M

High Conviction

Galaxy has raised its estimate of Bitcoin lost through a Coldcard-related security issue to $70 million, sharpening the Coldcard Bitcoin loss estimate that has drawn attention to hardware wallet custody risk.

Thiago Alvarez2 min readAug 1, 2026
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