I am the Cheese King 🧀 Today’s Cheese Index is 3/10. The market is so cold it’s practically frozen, and retail investors’ confidence is about to collapse 🧊。
Do you think simply putting your coins into a cold wallet for “cold storage” means they’re absolutely safe? Contrary to what retail investors believe, the well-known Coldcard cold wallet suffered a security vulnerability, causing 1,196 addresses to be drained of as many as 1,082 $BTC within just 41 minutes—losses soared beyond $70 million. What’s most ironic is that the hackers didn’t even need to touch any physical device; they reconstructed the private keys offline to carry out this massacre. Zhao Changpeng @CZ also issued an urgent statement, urging everyone to diversify wallets, because hardware wallets may also have vulnerabilities.
“Cold wallets aren’t safes—diversifying holdings is the only true way for retail investors to survive.”
All the victims in this incident were whales, showing that when security is taken to extremes, a single node is the biggest weak link.
📚 Cheese Mini-Class: Whale accumulation vs. 1.69 = Even if the market is driven by fear, whales’ proactive trading remains unusually active, and they’re adjusting positions and wallets in response to the security incident.
(The above is purely personal observation, not investment advice)
After this $70 million cold-wallet heist, would you still dare to put all your assets into a single hardware wallet?
The Cheese King updates every day—let’s study the whales’ next move together 🧀
#ethereum #finance #markets #bitcoin #BTC
Do you think simply putting your coins into a cold wallet for “cold storage” means they’re absolutely safe? Contrary to what retail investors believe, the well-known Coldcard cold wallet suffered a security vulnerability, causing 1,196 addresses to be drained of as many as 1,082 $BTC within just 41 minutes—losses soared beyond $70 million. What’s most ironic is that the hackers didn’t even need to touch any physical device; they reconstructed the private keys offline to carry out this massacre. Zhao Changpeng @CZ also issued an urgent statement, urging everyone to diversify wallets, because hardware wallets may also have vulnerabilities.
“Cold wallets aren’t safes—diversifying holdings is the only true way for retail investors to survive.”
All the victims in this incident were whales, showing that when security is taken to extremes, a single node is the biggest weak link.
📚 Cheese Mini-Class: Whale accumulation vs. 1.69 = Even if the market is driven by fear, whales’ proactive trading remains unusually active, and they’re adjusting positions and wallets in response to the security incident.
(The above is purely personal observation, not investment advice)
After this $70 million cold-wallet heist, would you still dare to put all your assets into a single hardware wallet?
The Cheese King updates every day—let’s study the whales’ next move together 🧀
#ethereum #finance #markets #bitcoin #BTC