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Coldcard Exploit Sparks Investor Fears and ETF Interest

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Coldcard's self-custody wallet has been exploited for at least $38 million so far, according to recent reports. This incident may lead investors to reconsider their trust in self-custody solutions and opt for alternative investment vehicles such as exchange-traded funds (ETFs).

The Coldcard exploit is a significant setback for the cryptocurrency industry, which has been promoting self-custody as a secure way to manage digital assets. The incident highlights the importance of robust security measures in preventing unauthorized access to wallets.

Bullish, the parent company of CoinDesk, is invested in digital asset businesses and owns digital assets, including Bullish equity-based compensation for some employees.

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