Coldcard’s $130 million crisis is pushing Bitcoin back into Wall Street’s hands

According to CryptoSlate, the Coldcard wallet's security flaw has led to the loss of at least 1,596 BTC, prompting users to move their funds to exchanges and new wallets. As Bitcoin activity surges, exchange reserves have increased significantly, with many users seeking immediate alternatives for their coins. This situation has fueled discussions on the appeal of regulated investment products like Bitcoin ETFs over self-custody wallets, due to heightened security concerns. Read the full story at CryptoSlate . 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.