Mass Bitcoin Migration After Coldcard Hack Highlights Self-Custody Resilience
Following a $130 million hack of Coldcard, $15 billion in Bitcoin was moved to safety, demonstrating the resilience of self-custody. Casa CEO Nick Neuman noted that 233,000 BTC were shifted, with users transitioning from single-key wallets to multisig solutions after the attack, indicating a robust response to security threats.
Reports behind this story
Articles and publisher reports that informed this story.
After Coldcard Was Hacked, $15 Billion in Bitcoin Moved to Safety
Casa CEO Nick Neuman says the mass Bitcoin migration after the $130M Coldcard exploit proves distributed self-custody is Bitcoin's immune system—not its vulnerability.
Bitcoin Will 'Survive' Cold Wallet Hack: Alex Thorn
Alex Thorn, head of firmwide research at Galaxy Digital, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." The crypto community is reeling from a breach involving Coldcard wallets made by Coinkite, that drained an estimated $130 million of Bitcoin from about 7,300 wallet addresses. (Source: Bloomberg)
Casa CEO Nick Neuman: 233k BTC Moved To Safety After Coldcard Exploit Proves Self-Custody Resilience
Bitcoin Magazine Casa CEO Nick Neuman: 233k BTC Moved To Safety After Coldcard Exploit Proves Self-Custody Resilience Casa customer data indicates part of the 233k BTC flow came from single-key Ledger and Trezor users shifting to multisig and from multisig users removing Coldcard devices after the July 30 attack waves. This post Casa CEO Nick Neuman: 233k BTC Moved To Safety After Coldcard Exploit Proves Self-Custody Resilience first appeared on Bitcoin Magazine and is written by Juan Galt .
Bitcoin Will 'Survive' Cold Wallet Hack, Says Galaxy Digital's Thorn
Alex Thorn, head of firmwide research at Galaxy Digital, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." The crypto community is reeling from a breach involving "cold" Bitcoin wallets made by Coinkite. Hackers were able to steal an estimated $130 million worth of Bitcoin from about 7,300 wallet addresses. (Source: Bloomberg)