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The $130 million figure Galaxy Research has placed on the Coldcard hack is almost certainly not the final one.
The firm said on X that Bitcoin losses tied to the incident could swell to that amount, then flagged the complication directly: a fourth wave of attacks remains unconfirmed, and Galaxy suspects the true total will be higher once it is included.
What Galaxy Research is flagging Galaxy posted its assessment on X. The number it named is $130 million in potential Bitcoin losses from the Coldcard hack.
The firm was explicit that it regards this as an incomplete picture. Galaxy said it suspects losses will prove greater once the yet-unconfirmed fourth wave of attacks is counted.
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