{"id":53836,"date":"2026-08-04T10:22:53","date_gmt":"2026-08-04T15:22:53","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=53836"},"modified":"2026-08-04T12:07:28","modified_gmt":"2026-08-04T17:07:28","slug":"32-million-in-dormant-bitcoin-moves","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/news\/32-million-in-dormant-bitcoin-moves","title":{"rendered":"Nearly $32 Million in &#8216;Dormant&#8217; Bitcoin Moves After Coldcard Hack Reaches Estimated $130M\u00a0"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p class=\"wp-block-paragraph\">The whales are on the move. An O.G. Bitcoin address holding 500 coins \u2014 worth $31.8 million at today&#8217;s prices \u2014 shifted its stash on Tuesday after not budging for 12 years.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Blockchain data <a href=\"https:\/\/mempool.space\/address\/18TExPoeCKud3H71fGPNJ54TVuNp2q8VV9\" target=\"_blank\" rel=\"noopener\">shows<\/a> that the legacy Bitcoin address moved all the funds in one go, paying just 191 sats, or $0.12, in transaction fees.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First <a href=\"https:\/\/x.com\/lookonchain\/status\/2084278583066001823\">flagged<\/a> by Lookonchain on X, the address piqued Bitcoiners&#8217; interest due to the recent wallet drainage happening with Coldcards, with some speculating that the HODLer moved the funds to a safer place.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hackers last week started taking over $35 million in Bitcoin from wallets after discovering a vulnerability in the Coldcard wallet product software.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now, the amount drained could stand at $130 million, according to Galaxy Research, which <a href=\"https:\/\/x.com\/glxyresearch\/status\/2084411915745595527\">said<\/a> Monday that it was investigating a fourth wave of attacks.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin that sits still for so many years is often attributed to lost coins \u2014 amateur investors often&nbsp; forget the private keys to their digital wallet.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sometimes whales are just moving their Bitcoin to a hardware wallet or consolidating their coins.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Engineers have warned that all Bitcoin addresses related to Coldcard could be <a href=\"https:\/\/bitcoinmagazine.com\/news\/coldcard-security-risk-immediate-action-required\">at risk<\/a> eventually.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin worth close to $32 million moved for the first time in 12 years yesterday. <\/p>\n","protected":false},"author":3860,"featured_media":53845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4378],"tags":[76,1692,594,371],"class_list":["post-53836","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-bitcoin","tag-coldcard","tag-hack","tag-whale"],"author_data":{"id":3860,"name":"Mathew Di Salvo","nicename":"mathewdisalvo","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/07\/cropped-Mathew-Di-Salvo-scaled-1.jpeg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/08\/Nearly-32-Million-in-\u2018Dormant-Bitcoin-Moves-After-Coldcard-Hack-Reaches-Estimated-130M.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/53836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3860"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=53836"}],"version-history":[{"count":1,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/53836\/revisions"}],"predecessor-version":[{"id":53839,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/53836\/revisions\/53839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/53845"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=53836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=53836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=53836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}