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Dormant Bitcoin Whales Stir as Coldcard Hack Sparks Security Fears

AI Market Summary
A cluster of long-dormant Bitcoin wallets, including one last active in 2013, moved sizable balances after reports linking activity to security concerns following a Coldcard-related exploit. With Galaxy estimating roughly $130 million in BTC stolen, the news highlights elevated custody and hardware-wallet risk, which can pressure near-term sentiment via higher perceived sell-supply and increased risk premia across crypto markets.
Impact level
● Medium
Affected assets
BTC/USDT+1.67%
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.
A long-inactive Bitcoin wallet dating back to 2013 has transferred 500 bitcoin:native, valued at about $31.3 million, according to Whale Alert. The move came after more than 12 years of inactivity. Lookonchain suggested the transfer may reflect heightened security concerns in the wake of the Coldcard hack. Galaxy estimates the exploit has led to roughly $130 million worth of Bitcoin being stolen. CryptoQuant also reported that several other long-dormant wallets became active over the same period.
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BTC
BTC+1.65%
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