Coldcard Losses Near $114M Amid Bitcoin Transfer Spike

Coldcard hardware wallet users have reportedly incurred losses nearing $114 million, coinciding with a spike in small Bitcoin transfers not seen since the FTX collapse.

3 Aug, 14:20 — 3 Aug, 14:20

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zerohedgeLow31d ago

Coldcard Losses Near $114M As Small Bitcoin Transfers Spike

Coldcard Losses Near $114M As Small Bitcoin Transfers Spike Via Decrypt.co, Small Bitcoin holders moved coins on July 31 at a rate not seen since the collapse of FTX, according to CryptoQuant, as news spread that Coldcard hardware wallets had been generating guessable keys for five years. Transfers of less than 1 BTC totaled 39,600 BTC (around $2.5 billion) that day, the firm's Head of Research Julio Moreno tweeted. The last comparable figure was 39,900 BTC on November 16, 20...

By Tyler Durden

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Coldcard Losses Near $114M Amid Bitcoin Transfer Spike

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Coldcard Losses Near $114M As Small Bitcoin Transfers Spike

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