PSA: the Coldcard exploit is likely tax deductible

The Coldcard exploit drained over $70M in Bitcoin from almost 1,200 wallets. If you were one of the victims, I'm sorry. I've already seen a handful of posts asking whether the loss is deductible, and I've seen some confidently wrong answers, so here's the actual analysis. I'm a CPA specializing in crypto tax, mod of r/CryptoTax, and Principal of Product & Tax Strategy at Summ. I wrote a guide last year on whether crypto scams are tax deductible based on CCA 202511015, the IRS Chief Counsel A

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