Bitcoin Shrugs Off Security Breach and Network Split

A firmware flaw in Coldcard hardware wallets led to a significant theft of Bitcoin, potentially worth $133 million at prevailing prices. The first major wave drained between 594 and 1,196 BTC from over 1,100 addresses in less than an hour.

Despite the severity of the security breach, the price of Bitcoin barely reacted, holding near $65,000 as losses mounted.

The BIP-110 minority chain stalled almost immediately after splitting from the main network, with roughly 99.85% of hash remaining with Bitcoin.

Traders now watch $64,000 support and $66,000 resistance this week, with the coming days possibly determining whether the calm survives.