UPDATE: @COLDCARDwallet exploit may be entering a fourth wave; losses estimated near $114M across 5,200+ addresses since July 3

A reported ongoing COLDCARDwallet exploit has expanded to a possible fourth wave, with estimated cumulative losses near $114M across 5,200+ addresses since late July. The incident elevates operational and custody risk perceptions, potentially driving short-term de-risking behavior across crypto. Guidance that unconfirmed victim transactions may be overridden via fee bumping could marginally reduce realized losses but does not remove systemic confidence damage.