Coldcard Bitcoin Hack Losses Exceed $115M: Galaxy Research

Galaxy Research's confirmation matters less for the headline figure than for what it signals: an independent research desk is now treating the Coldcard incident as a large, quantifiable loss event, which tends to pull such episodes into the same risk-assessment vocabulary used for exchange failures and protocol exploits. The detail that stands out is the absence of any breakdown — no attribution, no recovery status, no timeline — so the number functions more as a marker of scale than of resolution. Whether that figure is revised, and whether any portion proves recoverable, is the open question.