Coldcard Losses Near $114M as Small Bitcoin Transfers Spike

According to Decrypt, small Bitcoin transactions surged on July 31 amid concerns over a vulnerability in Coldcard hardware wallets, leading to losses of nearly $114 million. Transfers of under 1 BTC reached significant levels, reminiscent of activity following the FTX collapse. As users sought to secure their assets, daily active addresses approached a million, reflecting heightened market activity despite little change in Bitcoin's price. Read the full story at Decrypt . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.