CoinDesk·4 min read·medium
The $120 million Coldcard hack lights up Bitcoin's memory pool
O
Omkar Godbole
✦AI Summary
A significant hack of the Coldcard hardware wallet has prompted Bitcoin users to move their assets, leading to a spike in network activity and memory pool congestion. While the security breach raises concerns about self-custody, analysts note that the increased transaction volume has not yet significantly impacted Bitcoin's price.
There’s an old saying that “every coin has two sides.” It applies perfectly to the multimillion-dollar hack of the hardware wallet Coldcard that began on July 30 and is still in progress .
cryptobusinesstechnology
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in