feedd.Crypto
CryptoCoinDesk · 18h ago

Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges

A Coldcard vulnerability exploited for $89 million prompted smaller bitcoin holders to move funds onto exchanges rather than keeping them in cold storage. This behavior contrasts with post-FTX collapse trends, when investors withdrew assets from exchanges onto personal wallets.

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A firmware flaw in Coldcard hardware wallets allowed hackers to steal $89 million in Bitcoin from thousands of users. The vulnerability exposed the need for stronger security measures in hardware wallet firmware protection.

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