Coldcard Hacker Hunt: Wave 1 Thief May Be Known to FBI

The specificity of the link between the stolen coins and a major data provider's internal logs is the real story here: attribution at that level is rare in Bitcoin theft cases, where on-chain tracing usually stalls at the mixer. If the FBI already holds an identity, the pressure shifts from blockchain forensics to conventional investigation and potential seizure. That the coins have not moved is notable, though it cuts both ways — dormancy can reflect caution or an inability to launder. Whether the trail converts into an arrest, and whether the funds eventually move, is the open question.