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Coldcard's currency theft triggered a reverse movement of funds and users transferred bitcoin back to the exchange

On 3 August, the Cordcard currency theft, which resulted in the theft of 1367 bitcoin, valued at approximately $88.6 million, affected 4585 wallet addresses, and the attacks have not stopped. The incident triggered the exact opposite of the FTX thunderstorm in 2022: in the same year, users concentrated their money in cold wallets from the money in the trade, and today a large number of people are panicking to transfer their own bitcoin back to the exchange to avoid risk. The chain data show that on July 31, the size of the small BTC-filled exchange was up in the year, with small transfers approaching the peak of the FTX bankruptcy。

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