Coldcard Exploit Tops $100M as Expert Says Stolen BTC May Be Hard to Spend
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Well over $100 million in Bitcoin has been stolen via an ongoing Coldcard wallet exploit, according to Galaxy Research. Market commentator Joe Consorti says the attacker may struggle to spend much of the haul because every BTC movement is visible on the public blockchain, allowing law enforcement, exchanges and blockchain analysts to track and potentially block funds, underscoring crypto security and forensic traceability risks.
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Well over $100 million worth of Bitcoin (BTC) has now been stolen through the ongoing Coldcard wallet exploit, said Galaxy Research, but market commentator Joe Consorti has argued that the attacker may struggle to spend much of that haul since every BTC is being tracked on the public blockchain.
Instead of focusing on the size of the theft alone, Consorti said the incident also shows an often-overlooked feature of the OG crypto: while private keys can be compromised, the movement of stolen units remains visible to law enforcement, exchanges, and blockchain analysts.
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