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Crypto

Dormant Bitcoin Address Moves $32M Amid Coldcard Hacks

Guavy AI Editorial Team
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BTC
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A significant Bitcoin address has moved nearly $32 million in cryptocurrency after over 12 years of dormancy, sparking speculation about potential market moves.

The address, which holds 500 BTC, made a single transaction on Tuesday, paying just 191 sats, or $0.12, in transaction fees.

This comes amid a recent wave of hacks targeting Coldcard wallets, with hackers draining over $130 million in Bitcoin according to Galaxy Research, which is investigating a fourth wave of attacks.

The move has left some wondering if the HODLer moved the funds to a safer location or simply consolidated their coins, and others are urging investors to secure their own assets following the security issue with Coldcard.

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