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10 Coldcard Attack Gangs Steal ~1,700 BTC

Galaxy Research identified 10 major groups exploiting weak Coldcard seeds, collectively stealing about 1,700 BTC, with the largest gang taking over 1,080 BTC. The attackers are distinguished by fee strategies, timing, and fund movements, and several still hold nearly all stolen coins. Victims are encouraged to contact @intangiblecoins for evidence collection.

Original source

AI take

The scale here is notable less for the headline figure than for its structure: ten distinct operations, differentiated by fee strategy and timing, suggests this is an industrialised exploit rather than opportunistic theft. The detail that several gangs still hold nearly all stolen coins matters, because it implies the funds have not yet been moved through laundering channels — a window that typically narrows quickly. What is worth watching is whether those holdings shift, and whether the evidence-collection effort produces coordination among victims that individual losses rarely generate.

Generated by AI for reference only.

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