Coldcard Losses Near $114M as Small Bitcoin Transfers Spike
Decrypt·
60-second summary
Transfers of less than 1 BTC are spiking to levels last seen days after the FTX collapse, nearing $114M in losses for the Coldcard hardware wallet. Galaxy Research flags a likely fourth wave of thefts, underscoring growing concerns about security vulnerabilities. The surge in small Bitcoin transfers raises alarms about potential hacking incidents and market instability.
Transfers of less than 1 BTC hit levels last seen days after the FTX collapse, while Galaxy Research flagged a likely fourth wave of thefts.