Coldcard Exploit Sends Bitcoin Active Addresses to Highest Since 2024
Share:
Coldcard firmware exploit drove Bitcoin on-chain activity to about 980,000 active addresses per day, the highest since December 2024, as users moved funds and strengthened wallet security, Glassnode said. Galaxy Research estimates losses could exceed $130 million, signaling a significant crypto wallet security breach that may weigh on self-custody trust, adoption and short-term market sentiment.
Predictions Markets
See what traders are focused on
- Coldcard exploit drove Bitcoin users to move funds and secure their wallets.
- Glassnode linked the Bitcoin activity surge to security concerns, not optimism.
- Galaxy Research estimates Coldcard exploit losses could exceed $130 million.
Bitcoin on-chain activity climbed to its highest level since December 2024 after a firmware exploit affecting Coldcard hardware wallets triggered a wave of security-related wallet activity, according to blockchain analytics firm Glassnode.
Posting on X, the firm said that active Bitcoin addresses rose to about 980,000 a day as users transferred funds and strengthened wallet security.
“Following the Coldcard firmware exploit, the number of active Bitcoin addresses surged to 0.98M/day, the highest since December 2024,” Glassnode said. The firm added that the increase reflected “an operational security response, not a change in market…
Read The Full Article Coldcard Exploit Sends Bitcoin Active Addresses to Highest Since 2024 On Coin Edition.
Read More
Crypto Market 2026: Why Bitcoin and Altcoins Are Still Struggling?
