CRYPTO

Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million

CoinDeskSaturday, August 1, 2026 at 8:10 PM

RedScroll Brief

Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million — Image via CoinDesk

Galaxy Research flagged a third wave of sweeps tied to weak Coldcard-generated keys, with the attacker now targeting smaller balances and changing how funds are collected onchain.

RedScroll Signal

Impact: High
Category: Crypto
Market relevance: High
Why it matters: Crypto moves are a live stress test of liquidity, regulation, and narrative risk. Galaxy Research flagged a third wave of sweeps tied to weak Coldcard-generated keys, with the attacker now targeting smaller balances and changing how funds are collected onchain. Watch liquidity and volatility around Bitcoin and Cold-wallet — crypto markets reprice narrative risk quickly.

Read original source → COINDESK Edition 2026-08-02

Desk copy

RedScroll Briefing

Extractive editorial brief — not a reprint of the original

What happened

Galaxy Research flagged a third wave of sweeps tied to weak Coldcard-generated keys, with the attacker now targeting smaller balances and changing how funds are collected onchain.

Why it matters

Crypto moves are a live stress test of liquidity, regulation, and narrative risk.

Background

CoinDesk reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.

Timeline

Sat, Aug 1, 2026, 8:10 PM UTC
CoinDesk published: Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million
Now
Story is in today’s RedScroll edition. Follow the original source for updates.

Economic impact

Watch liquidity and volatility around Bitcoin and Cold-wallet — crypto markets reprice narrative risk quickly.

Source

CoinDesk

Original reporting by CoinDesk. RedScroll provides an extractive briefing only.