CRYPTO
Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysis
CointelegraphSaturday, August 1, 2026 at 9:23 AM
RedScroll Brief
Galaxy Research identified 1,196 addresses that lost 1,082. 65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.
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 identified 1,196 addresses that lost 1,082. 65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident. Watch liquidity and volatility around Bitcoin and Coldcard Bitcoin — crypto markets reprice narrative risk quickly.
Desk copy
RedScroll Briefing
Extractive editorial brief — not a reprint of the original
What happened
Galaxy Research identified 1,196 addresses that lost 1,082. 65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.
Why it matters
Crypto moves are a live stress test of liquidity, regulation, and narrative risk.
Background
Cointelegraph 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
Cointelegraph published: Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysis
Story is in today’s RedScroll edition. Follow the original source for updates.
Economic impact
Watch liquidity and volatility around Bitcoin and Coldcard Bitcoin — crypto markets reprice narrative risk quickly.
More on
Related stories
- BlackRock seeks to shield bitcoin investors from losses after rival fund weathers 50% crash
CoinDeskCRYPTO
- SEC to review Nasdaq bitcoin options approval after CME challenge
CoinDeskCRYPTO
- Strive Buys $335 Million in Bitcoin After Investors Pour In $369 Million
DecryptCRYPTO
- CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: 'Nothing Is 100%'
DecryptCRYPTO
- The Coinbase allegations expose Bitcoin's corporate governance gap
CoinDeskCRYPTO
- JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade
CoinDeskCRYPTO
Source
Cointelegraph
Original reporting by Cointelegraph. RedScroll provides an extractive briefing only.