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Galaxy Research: Coldcard attackers continue to transfer funds, approximately 45% of the stolen assets have entered mixing or cross-chain pathways

Galaxy Research published that the attackers in the Coldcard "Wave 3" attack are still continuously transferring the stolen funds. During this phase, the attackers created 293 2-of-2 multi-signature wallets for each victim's assets. The first batch of funds was transferred across chains to Ethereum via THORChain; the latest round of transfers has begun entering the CoinJoin mixing process.Currently, the Wave 3 attackers are processing the largest amounts of stolen funds in order of the stolen amount, having sequentially transferred the funds from wallets ranked 1 to 11. The next 10 wallets that have not yet been transferred hold a total of 30.81 BTC, while wallets ranked 61 to 293 hold a total of 33.77 BTC. So far, the attackers have transferred about 45% of the stolen assets from this exploit, with funds flowing to Ethereum (via THORChain) or entering CoinJoin mixing transactions. Additionally, this fund transfer has revealed a previously unknown wallet: 58 addresses jointly spent in a 2-of-2 multi-signature format identical to that of Wave 3, and these were further transferred by the Wave 3 attackers to a jump address that funds CoinJoin.The on-chain analysis team currently marks this wallet as "cause = open," but believes it likely also belongs to Coldcard victims, which means the number of wallets involved in Wave 3 may increase to 294, raising the previously reported total amount stolen from the Coldcard vulnerability to approximately 1806 BTC. Currently, about 82% of the stolen BTC remains in addresses initially controlled by the attackers, while about 18% has been transferred, with the flow of funds indicating that it may be undergoing laundering processes.

first_img ASUS and GIGABYTE have raised the prices of graphics cards in mainland China, with increases of up to 500 yuan

ASUS and Gigabyte, among other graphics card manufacturers, plan to raise product prices in the mainland Chinese market again in September, by up to 500 yuan (approximately 2,300 New Taiwan dollars). The price increase effect will also boost the performance of ASUS, Gigabyte, MSI, Leadtek, and Chengqi.According to reports from mainland Chinese media IT Home, ASUS will raise the net cost price of the NVIDIA RTX 5070 series by 150 to 300 yuan in September, while prices for other series models will remain unchanged. Gigabyte will increase the price of all models in the NVIDIA RTX 5060TI 16G series by 200 yuan in September, while other models will remain the same. AMD's RX 9070 XT series will increase by 200 yuan; the RX 9060 XT 16G/8G series will increase by 200 to 250 yuan; and the RX 7650 GRE series will increase by 400 yuan.The main reason for the price increase is the shortage of memory, and production capacity has also shifted towards manufacturing AI computing power GPUs. NVIDIA has again lowered the overall shipment volume of consumer GPUs by 15% to 20% for the third quarter, and the estimated supply for various brands in September is similar to that in August, with supply still tight. The high-end models such as the NVIDIA RTX 5080 and 5070 TI remain among the most out-of-stock models. This year, NVIDIA has raised graphics card prices multiple times, and September marks another increase.

first_img Central Bank: At the end of the second quarter, the number of credit cards decreased by about 10 million compared to the previous quarter

The People's Bank of China announced the overall operation of the payment system for the second quarter of 2026. By the end of the second quarter, a total of 10.267 billion bank cards had been issued nationwide. Among them, there were 677 million credit cards and credit card loans, a decrease of about 10 million cards compared to the end of the first quarter, and a decrease of nearly 20 million cards since the beginning of the year, averaging over 100,000 credit cards exiting the market each day. Compared to the historical peak of 807 million cards in the second quarter of 2022, the number of credit cards has been reduced by about 130 million.The mid-year report of listed banks in 2026 shows that the overdraft balances of credit cards from the six major state-owned banks decreased at the end of the first half compared to the end of the previous year. The Industrial and Commercial Bank of China had a credit card loan balance of 597.157 billion yuan, a decrease of 14.39% from the end of the previous year. By the end of June, the cumulative number of credit cards issued by Bank of China was about 152 million, with an increase of 1.76 million cards compared to the end of the previous year; China Merchants Bank saw a net increase of 256,300 cards to 97.7073 million cards.In terms of asset quality, the non-performing loan ratios for Agricultural Bank of China and Postal Savings Bank of China remained at 2.05% and 1.45%, respectively; the non-performing loan ratio for Industrial and Commercial Bank of China rose to 5.37%; and the non-performing loan ratio for Bank of Communications increased from 2.68% to 3.8%. The non-performing loan ratio for China Minsheng Bank rose to 4.22%, and for Industrial Bank, it rose to 3.79%. In the first half of the year, China Merchants Bank generated new non-performing loans of 23.698 billion yuan, with a non-performing loan ratio of 1.90%. In August 2026, the principal and interest of non-performing credit card transfers amounted to 12.2 billion yuan.

first_img Fomo and Robinhood Wallet credit card purchases of Memecoin suspected of circumventing card organization crypto regulations

The Block's investigation shows that on the social trading app Fomo and Robinhood's self-custody wallet Robinhood Wallet, users can directly purchase Memecoin using credit cards via Apple Pay or Google Pay without completing a separate KYC identity verification. Transactions can also accumulate points or cash back rewards as normal credit card rewards. The media tested the purchase of WIF, and transactions on the Visa and Mastercard networks were classified under merchant category code MCC 5815 (digital goods media), rather than the cryptocurrency asset categories MCC 6012 or 6051 as stipulated by card organization rules, which typically come with crypto tags and do not earn rewards.These transactions are supported by the Token Checkout product from the crypto infrastructure company Crossmint. Crossmint insists that this classification is appropriate, citing the joint guidance released by the SEC and CFTC in March of this year, which views certain Memecoins like WIF as "digital collectibles." However, Chase stated that the Visa transaction was not marked as a cryptocurrency purchase and that the classification was incorrect, and they have initiated a case review with Visa; the New York Attorney General's office also stated that it is reviewing the matter. Vanderbilt University law professor Yesha Yadav and other payment experts believe that the SEC's position and card organization rules represent "two completely different systems."

first_img Solana crypto card hacked, Avici token plummets 49%

The Solana-based crypto debit card infrastructure Rain was hacked due to vulnerabilities in outdated contracts, resulting in approximately $1.1 million in funds being stolen. The affected crypto bank Avici's token AVICI dropped from a 24-hour high of $0.43 to a historical low of $0.217, a decline of 49%, before recovering to around $0.378.Avici confirmed that the attack only affected the card funds contract used for recharge consumption, and its self-custody wallets were not impacted, promising to fully refund the affected balances. In this incident, 1,685 Avici users lost approximately $500,800; another crypto bank, Tria, also had 636 users affected, with losses exceeding $430,000. The discrepancy between the approximately $1.1 million tracked on-chain and the losses reported by Avici indicates that other protocols supported by Rain were also attacked.Transaction data shows that the attacker repeatedly submitted signature authorizations, adding themselves as administrators of the card collateral account and withdrawing balances. The stolen stablecoins were exchanged for SOL, cross-chain to Ethereum, and ultimately flowed into the mixer Tornado Cash. Avici has filed a report with the FBI's Internet Crime Complaint Center. This incident also exposed issues with the custody transfer behind some self-custody crypto cards: although users control their wallets, the funds used for consumption are transferred to third-party contracts.
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