6.26M $BTC public keys exposed on-chain — 31.2% of total supply
Glassnode co-founder Rafael drops data: public key exposure jumped from 24.8% (early 2021) to 31.2% now.
Main culprit? Address reuse. 4.33M $BTC sitting in reused addresses.
Exchange holdings breakdown:
• Coinbase: ~10% exposed
• Binance: 83% exposed
• Bitfinex: 100% exposed
Before you panic — public key ≠ private key leak. Rafael stresses this isn't a security ranking. But still... reusing addresses in 2025? Not ideal OpSec.
If you're holding serious size, rotate your keys. If you're on CEX, you already trust them with custody anyway.
Glassnode co-founder Rafael drops data: public key exposure jumped from 24.8% (early 2021) to 31.2% now.
Main culprit? Address reuse. 4.33M $BTC sitting in reused addresses.
Exchange holdings breakdown:
• Coinbase: ~10% exposed
• Binance: 83% exposed
• Bitfinex: 100% exposed
Before you panic — public key ≠ private key leak. Rafael stresses this isn't a security ranking. But still... reusing addresses in 2025? Not ideal OpSec.
If you're holding serious size, rotate your keys. If you're on CEX, you already trust them with custody anyway.