{"id":49117,"date":"2026-08-04T15:22:53","date_gmt":"2026-08-04T15:22:53","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49117"},"modified":"2026-08-04T15:22:53","modified_gmt":"2026-08-04T15:22:53","slug":"nearly-32-million-in-dormant-bitcoin-moves-after-coldcard-hack-reaches-estimated-130m","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49117","title":{"rendered":"Nearly $32 Million in \u2018Dormant\u2019 Bitcoin Moves After Coldcard Hack Reaches Estimated $130M\u00a0"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nNearly $32 Million in \u2018Dormant\u2019 Bitcoin Moves After Coldcard Hack Reaches Estimated $130M\u00a0<\/a><\/p>\n

<\/div>\n

The whales are on the move. An O.G. Bitcoin address holding 500 coins \u2014 worth $31.8 million at today\u2019s prices \u2014 shifted its stash on Tuesday after not budging for 12 years.\u00a0<\/p>\n

Blockchain data shows<\/a> that the legacy Bitcoin address moved all the funds in one go, paying just 191 sats, or $0.12, in transaction fees.\u00a0<\/p>\n

First flagged<\/a> by Lookonchain on X, the address piqued Bitcoiners\u2019 interest due to the recent wallet drainage happening with Coldcards, with some speculating that the HODLer moved the funds to a safer place.\u00a0<\/p>\n

Hackers last week started taking over $35 million in Bitcoin from wallets after discovering a vulnerability in the Coldcard wallet product software.\u00a0<\/p>\n

Now, the amount drained could stand at $130 million, according to Galaxy Research, which said<\/a> Monday that it was investigating a fourth wave of attacks.\u00a0<\/p>\n

Bitcoin that sits still for so many years is often attributed to lost coins \u2014 amateur investors often\u00a0 forget the private keys to their digital wallet.\u00a0<\/p>\n

But whales \u2014 an investor or investors holding over 1,000 Bitcoins \u2014 occasionally move funds after many years, leading to big market moves as other investors often expect a big sale.\u00a0<\/p>\n

Sometimes whales are just moving their Bitcoin to a hardware wallet or consolidating their coins.\u00a0<\/p>\n

Following the Coldcard security issue, Bitcoiners have been urging investors to get their coins to a new security setup. Coinkite, the company behind Coldcard, said on Sunday that all of its models were now vulnerable following more thefts.\u00a0<\/p>\n

Engineers have warned that all Bitcoin addresses related to Coldcard could be at risk<\/a> eventually.\u00a0\u00a0<\/p>\n

This post Nearly $32 Million in \u2018Dormant\u2019 Bitcoin Moves After Coldcard Hack Reaches Estimated $130M\u00a0<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Nearly $32 Million in \u2018Dormant\u2019 Bitcoin Moves After Coldcard Hack Reaches Estimated $130M\u00a0 The whales are on the move. An O.G. Bitcoin address holding 500 coins \u2014 worth $31.8 million at today\u2019s prices \u2014 shifted its stash on Tuesday after not budging for 12 years.\u00a0 Blockchain data shows that the legacy Bitcoin address […]<\/p>\n","protected":false},"author":1,"featured_media":49118,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-49117","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nNearly $32 Million in \u2018Dormant\u2019 Bitcoin Moves After Coldcard Hack Reaches Estimated $130M\u00a0 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49117\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nearly $32 Million in \u2018Dormant\u2019 Bitcoin Moves After Coldcard Hack Reaches Estimated $130M\u00a0 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Nearly $32 Million in \u2018Dormant\u2019 Bitcoin Moves After Coldcard Hack Reaches Estimated $130M\u00a0 The whales are on the move. An O.G. 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