Coldcard Exploit Tops $100M as Expert Says Stolen BTC May Be Hard to Spend

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.