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Galaxy Flags Third COLDCARD Attack Wave; Estimated Losses Top $88M

AI Market Summary
Galaxy's identification of a third wave of COLDCARD wallet attacks, with estimated losses above $88M, is a negative signal for crypto security and custody risk. The recommendation to move BTC from post-2020 devices could trigger near-term outflows from self-custody setups and higher demand for alternative storage solutions, while reinforcing risk-off behavior among some BTC holders amid heightened operational-security concerns.
Impact level
● Medium
Affected assets
BTC/USDT-0.40%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Galaxy has detected a third wave of attacks targeting COLDCARD hardware wallets, with estimated losses now exceeding $88 million, according to Bitcoin News monitoring cited by Odaily Planet Daily. The firm advises anyone still storing BTC on any COLDCARD model manufactured after 2020 to move their holdings immediately.
Selected
BTC
BTC-0.37%
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