Coldcard Exploit Sends Bitcoin Back to Exchanges Amid Security Concerns

A recent Coldcard vulnerability has investors taking a cautious approach to their Bitcoin holdings.

According to blockchain analytics firms, smaller bitcoin holders are moving funds onto exchanges for safety in response to the $89 million exploit. This trend is opposite of what occurred following the FTX collapse in late 2022.

The move reflects concerns about the security and stability of cold storage solutions like Coldcard, which are designed to protect users' assets from online threats.