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Crypto

Coldcard Hack Sparks Biggest Sub-1 BTC Transfer Since FTX

Guavy AI Editorial Team
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BTC
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The suspected Coldcard hack has led to the largest sub-1 BTC transfer since FTX's collapse, according to data from CryptoQuant.

CryptoQuant head of research Julio Moreno noted that 39,600 BTC moved on Friday, just 300 BTC shy of the 39,900 BTC transferred on November 16, 2022. This surge in small Bitcoin transfers reignited debate over the benefits and risks of self-custody.

The incident has become a broader test for Bitcoin self-custody, with some arguing that users are better protected by controlling their own funds rather than relying on third-party platforms.

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