Galaxy Research has expanded its assessment of the Coldcard wallet incident, identifying that 1,196 addresses lost a total of 1,082.65 Bitcoin within a brief 41-minute period. This update has raised the estimated financial loss from the event to approximately $70 million, according to CoinTelegraph.
The incident highlights a significant security breach involving Coldcard wallets, a hardware wallet known for its focus on Bitcoin storage. The large number of affected addresses and the rapid timeframe underline the scale and speed of the compromise.
For Japanese investors, who have shown growing interest in hardware wallets as a safeguard against crypto theft, this incident underscores the ongoing risks in digital asset security despite technological advancements.