Galaxy Research tracks 1,789 Bitcoin lost in Coldcard phishing attacks

Hackers have drained nearly 1,790 BTC from hardware wallet users through a series of sophisticated phishing campaigns. Galaxy Research analyzed 221 victim reports to map the damage, finding that 87% of the stolen loot remains sitting in the attackers' wallets. The scale of the individual hits is staggering. More than half of the reported cases involved users losing at least one full Bitcoin, a devastating blow given current market valuations. While the hardware itself wasn't breached, attackers tricked owners into compromising their own security through fake firmware updates or malicious websites. Galaxy's data suggests the thieves aren't in a rush to cash out, leaving a massive pile of digital gold under tight surveillance by on-chain analysts. Security experts are now watching for the first signs of movement to see if these coins hit centralized exchanges or mixing services. Will the attackers manage to launder such a massive, public haul without getting caught?