$BTC Coldcard Losses Top 86M, But the Network's Hashrate Never Blinked
Verified losses from the Coldcard wallet failure have crossed 86 million, and Anthony Pompliano's central point is that none of it reached Bitcoin's protocol. The attack broke a custody device, not the network.
BTC traded near 63,122 as the episode played out, up 0.60% on the day but down 3.00% over the prior week across a market CoinGecko data shows at roughly 2.25 trillion in total capitalization. Bitcoin held about 56.3% of that value.
The failure was hardware, not protocol
The line Pompliano drew is simple: a Coldcard is a single point of custody, and a break there does not propagate to the ledger. Cold storage devices hold private keys offline; the Bitcoin network has no stake in any one vendor's firmware.
That matters most because of what it rules out. A protocol-level exploit would threaten the assumptions that underpin the entire industrial side - mining margins, fee revenue, the physics of difficulty adjustment. Nothing in the reported episode touches those.
What's your target for $BTC? Bullish or cautious? Drop your play below.
$BTC #BTC #DeFi #CryptoNews
Verified losses from the Coldcard wallet failure have crossed 86 million, and Anthony Pompliano's central point is that none of it reached Bitcoin's protocol. The attack broke a custody device, not the network.
BTC traded near 63,122 as the episode played out, up 0.60% on the day but down 3.00% over the prior week across a market CoinGecko data shows at roughly 2.25 trillion in total capitalization. Bitcoin held about 56.3% of that value.
The failure was hardware, not protocol
The line Pompliano drew is simple: a Coldcard is a single point of custody, and a break there does not propagate to the ledger. Cold storage devices hold private keys offline; the Bitcoin network has no stake in any one vendor's firmware.
That matters most because of what it rules out. A protocol-level exploit would threaten the assumptions that underpin the entire industrial side - mining margins, fee revenue, the physics of difficulty adjustment. Nothing in the reported episode touches those.
What's your target for $BTC? Bullish or cautious? Drop your play below.
$BTC #BTC #DeFi #CryptoNews