Galaxy puts Coldcard hack losses at 1,789 BTC, with 87% unmoved
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Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy
Galaxy Research says the lull likely means vulnerable holders migrated, or were already emptied.
Galaxy Research Head: Strategy Capital's strategy buys time, but structural pressures remain.
PANews reported on July 5th that Alex Thorn, Head of Research at Galaxy, stated that Strategy (MSTR)'s recent capital management reforms have effectively alleviated market concerns about liquidity and preferred stock system pressures in the short term, but are more about "buying time" than fundamentally solving structural problems. Thorn emphasized that the core issue is not whether Strategy has enough BTC (approximately 847,000 coins), but rather that insufficient dollar liquidity is needed to cover preferred stock and capital structure obligations without harming the interests of any party, leading to a squeeze on the interests of various shareholder groups.
Coldcard hacker swaps stolen Bitcoin for ETH via THORChain
The third-wave Coldcard exploiter moved about 10% of stolen funds through THORChain as researchers traced the assets to a new Ethereum address.
CertiK Hack3D Report: Web3 Losses Exceed $1.3 Billion in the First Half of 2026, Attacks Are Accelerating Towards High-Value Targets
Odaily Odaily reports that Web3 security company CertiK released its "Hack3D: First Half of 2026 Report." The report shows that 344 security incidents occurred in the Web3 ecosystem in the first half of 2026, resulting in a total loss of approximately $1.32 billion. While this figure represents a 46.8% decrease compared to the same period last year, if the impact of the $1.45 billion security incident involving Bybit is excluded, the actual loss in the first half of this year increased by approximately 28% year-on-year, indicating that the overall security environment of the industry has not seen substantial improvement. The report points out that wallet theft has become the type of attack causing the biggest financial loss, resulting in approximately $450 million in losses in the first half of the year. Meanwhile, although the number of phishing attacks decreased by more than 50% year-on-year, the amount of losses only decreased by about 10.8%, reflecting that attackers are shifting their focus to high-net-worth individuals and institutions, launching more targeted and high-value attacks. Furthermore, code vulnerabilities remain the most frequent type of attack, with 204 related incidents. CertiK believes that attackers are increasingly targeting long-running smart contracts that lack re-auditing. The report also shows that large-scale attacks continue to dominate industry losses, with the Kelp DAO and Drift Protocol incidents causing approximately $577 million in losses, accounting for 44% of total losses in the first half of the year. In terms of the number of incidents, the impact of individual attacks, and changes in attack patterns, the Web3 industry is facing increasingly complex and continuously escalating security challenges.
Crypto hacker losses decreased by 47% year-on-year in the first half of 2026, but the overall security situation has not improved.
According to Foresight News , citing Cointelegraph, total losses from cryptocurrency security incidents in the first half of 2026 amounted to approximately $1.32 billion, a 46.8% decrease year-over-year. However, CertiK warns that this figure is misleading. The data from the same period last year was severely distorted by the massive $1.4 billion theft from Bybit, the largest single hack in history. In reality, attackers are becoming more targeted and destructive. Specifically, phishing attacks resulted in $508.2 million in losses in the first quarter, while losses in the second quarter rose 59% quarter-over-quarter to $807.5 million. Over 70% of these losses came from the KelpDAO and Drift Protocol incidents, both believed to be the work of North Korean state-sponsored hackers. A report from TRM Labs during the same period also indicated that the number of attacks surged from 83 to 207 in the first half of the year, the highest on record, with smart contract vulnerability attacks accounting for 60%. CertiK also points out that private key and multi-signature wallet management remain the most vulnerable security areas that attackers can exploit. He recommends that protocol providers strengthen private key management from multiple levels, including hardware security, multi-signature governance, and geographically dispersed signers.
Data shows that 20% of active BTC investors are currently experiencing paper losses, indicating the market has entered a period of mild devaluation.
ChainCatcher reports that crypto analyst Darkfost released an on-chain indicator interpretation on the X platform, using the core Bitcoin Time Economics metrics TMM (Real Market Mean) and AVIV ratio to analyze the current profit and loss structure of Bitcoin holdings. The TMM metric excludes dormant Bitcoins that have not been moved for a long time or are permanently lost, only calculating the average holding cost of actively held Bitcoin, currently valued at approximately $76,700. This level has become a significant price resistance, with many investors exiting at breakeven when the price touched this point in May. The accompanying AVIV (Active Value/Investor Value) ratio is currently hovering around 0.8, in a valuation discount range, representing an average unrealized loss of 20% for all active BTC investors. Historically, this indicator has dipped to 0.5 to 0.6 at the bottom of bear markets, corresponding to investor losses of 40%-50%. The current losses have not yet reached the level of extreme bear markets. Analysts also pointed out that even with a large influx of institutional funds and Bitcoin ETFs injecting massive liquidity into the market during this cycle, Bitcoin still follows its own cyclical patterns. In the short term, there is no need to wait for indicators to fall to historically low levels before a rebound occurs. However, it is necessary to face the current pressure environment of widespread losses among existing investors.