Coldcard Hacker Moves $7.7M, Nearly Half of Third-Wave Bitcoin Haul

The systematic liquidation of vaults by size suggests a deliberate, operational approach to managing the stolen assets, rather than a panic dump. This matters because the pace and method of fund movement can influence market liquidity dynamics and the effectiveness of tracking efforts. For those monitoring the incident, the key question is whether the hacker accelerates or pauses after offloading the largest holdings, as that will signal their endgame. The concentration of nearly half the haul in one move underscores the scale of the third wave and the persistent challenge of tracing funds dispersed across many wallets.