Bitcoin News: Coldcard Hack Pushes Transfers to FTX-Era High
Key Insights
- Bitcoin news tracked the strongest small-wallet transfers since FTX collapsed.
- Galaxy Research linked 1,367 BTC to three suspected attack waves.
- Coldcard’s firmware flaw renewed debate over Bitcoin self-custody risks.
Smaller Bitcoin holders moved funds at their fastest pace since FTX collapsed. CryptoQuant data showed sub-1 BTC transfers reached 39,600 BTC on Friday. The movement pushed bitcoin news toward wallet security and custody risk.
The activity mattered because it reflected defensive movement rather than broad accumulation. A firmware flaw exposed weak seed generation across several Coldcard models. Bitcoin traded near $63,124 on Sunday as users assessed self-custody risks.
Bitcoin News Tracks a Surge in Smaller Transfers
CryptoQuant research head Julio Moreno said transfers below 1 BTC reached 39,600 BTC on Friday. That marked the highest daily total since November 2022.
Moreno compared the reading with 39,900 BTC moved on Nov. 16, 2022. That transfer spike followed FTX’s Chapter 11 filing on Nov. 11, court records showed.
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