Coldcard Security Losses Show Regional Disparities: Canadian BTC Holders Absorb 25% of Attributable Losses, Followed by Australia, the US, and Thailand

Odaily News, Chainalysis posted on X platform stating that the Coldcard hack has been particularly devastating for Bitcoin holders in Canada. Our analysis of the attackers and victims found that Canadian BTC holders accounted for 25% of the attributable losses.

According to aggregated estimates from Galaxy Research, losses have reached as high as $110 million. We analyzed the geographic distribution of this ongoing hacking campaign. Users in Australia, the United States, and Thailand have also suffered significant losses.