Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges
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The Coldcard vulnerability has smaller bitcoin holders moving funds onto exchanges for safety, according to blockchain analytics firms. This is opposite of the trend seen following the FTX collapse in late 2022.
According to on chain analyst Ai Yi's monitoring, the address 0x751... 8a90A has bought ETH again after two years. The address was opened for $2459 in 2024 and sold around $3159, earning approximately $700000. This address withdrew 3500 ETH worth approximately 6.495 million US dollars from Binance half an hour ago, with a withdrawal price of approximately 1856 US dollars.
Address 0x008... E295f raised 20000 HYPE worth 1.03 million US dollars from Coinbase 1 hour ago; Since June 11th, this address has cumulatively withdrawn 240000 HYPEs from the exchange, with a total value of 15.88 million US dollars and an average withdrawal price of 66.17 US dollars. (Auntie Ai)
Michael Saylor, founder and executive chairman of MicroStrategy, released Bitcoin Tracker information, and MicroStrategy typically discloses changes in Bitcoin holdings the day after the relevant news is released.
