🚨 BREAKING 🚨
⚠️ The Coldcard hardware wallet exploit has triggered an opposite market reaction to the 2022 FTX collapse, with Bitcoin holders moving BTC back to centralized exchanges instead of withdrawing to self-custody.
📈 On-chain data shows Bitcoin exchange deposits under 10 BTC surged to 7,300 BTC, the highest level since February, reflecting a rush toward perceived safety.
💰 The ongoing exploit has now drained nearly $89 million (1,367 BTC) from 4,500+ wallet addresses, making it one of the largest hardware wallet security incidents to date.
🔐 The incident has reignited concerns over hardware wallet security and self-custody risks, potentially increasing demand for custodial exchanges and regulated Bitcoin products.
🧭 The shift in investor behavior highlights how security events can rapidly influence Bitcoin custody trends and broader market sentiment.
$BTC
#FTX
⚠️ The Coldcard hardware wallet exploit has triggered an opposite market reaction to the 2022 FTX collapse, with Bitcoin holders moving BTC back to centralized exchanges instead of withdrawing to self-custody.
📈 On-chain data shows Bitcoin exchange deposits under 10 BTC surged to 7,300 BTC, the highest level since February, reflecting a rush toward perceived safety.
💰 The ongoing exploit has now drained nearly $89 million (1,367 BTC) from 4,500+ wallet addresses, making it one of the largest hardware wallet security incidents to date.
🔐 The incident has reignited concerns over hardware wallet security and self-custody risks, potentially increasing demand for custodial exchanges and regulated Bitcoin products.
🧭 The shift in investor behavior highlights how security events can rapidly influence Bitcoin custody trends and broader market sentiment.
$BTC
#FTX