A Coldcard Hacker Just Moved $1.94 Million in Stolen Bitcoin for the First Time, Is a Cash-Out Coming?

A Coldcard Hacker Just Moved $1.94 Million in Stolen Bitc... The Coldcard hack wallet moved 30.185 BTC to a new address, prompting scrutiny as analysts track possible movement of stolen funds. The post A Coldcard Hacker Just Moved $1.94 Million in Stolen Bitcoin for the First Time, Is a Cash-Out Coming? appeared first on Cryptonews. In the latest Bitcoin news, a wallet associated with the Coldcard hack transferred 30.185 BTC, worth about $1.94 million, to a newly created address on Aug. 7, according to on-chain tracker Lookonchain. The movement followed weeks of inactivity and represents roughly 1.5% of the estimated 2,055 BTC linked to the theft. The #Coldcard hacker, who stole 2,055 $BTC($130M), is active again.An hour ago, the hacker transferred 30.185 $BTC($1.94M) to a new wallet.https://t.co/Edirjbd2G0https://t.co/ksoTpGxx3g pic.twitter.com/VTL5UB9xgH- Lookonchain (@lookonchain) August 7, 2026 The transfer does not confirm that the bitcoin will be sold or exchanged. However, Lookonchain reported that it was the attacker's first movement since the initial theft, drawing attention to whether further transfers follow.Discover: Everyone's Got a Take. Get Free $25 to Actually Trade YoursBitcoin News: On-Chain Tracking Flags BTC Cash-Out RiskThe wallet activity follows a major hardware-wallet breach involving more than $100 million in reported losses. On-chain analysis from Galaxy Research identified three confirmed attack waves that drained 1,596 BTC from roughly 7,300 addresses. A suspected fourth wave could bring the total to about 2,055 BTC, valued at roughly $130 million.Source: ArkhamBefore the latest transfer, Galaxy Research said roughly 90% of the stolen bitcoin had not moved from the wallets where it was sent after the reported theft. Because bitcoin transactions are public on the blockchain, identified attacker addresses can be tracked as funds move between wallets.On-chain analysts have described the transfer as a possible early sign of an attempted cash-out. Attackers seeking to convert stolen assets may move funds through a series of wallets before attempting to exchange them for other assets or fiat currency.Discover: Your Market Calls Are Worth Something. Start With Free $25 on KalshiFirmware Flaw Exposed Cold Storage DevicesThe breach stemmed from a software vulnerability in Coldcard hardware wallets made by Toronto-based Coinkite. In an update, Coinkite said affected firmware dating to March 2021 used a deterministic pseudo-random generator instead of the intended hardware-backed true random number generator when generating wallet seeds. URGENT COLDCARD SECURITY UPDATERead carefully before acting.Mk3 seed generated on 4.0.1+ without â‰JPY50 private, independent dice rolls: begin a careful migration now.Mk4/Mk5 Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the potential rewards and risks associated with crypto investments. Key Takeaways Stay updated on cryptocurrency market developments and price movements Monitor regulatory news that could impact digital asset valuations Consider risk management strategies for volatile crypto investments Published: August 7, 2026 | Source: CryptoNews