Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges

CryptoInfo Editorial Team · Published on August 02, 2026 at 12:03 · Updated on August 02, 2026 · 1 min read

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Key Takeaways

→The Coldcard exploit has resulted in smaller bitcoin holders moving funds onto exchanges for safety
→This trend is opposite to the one seen after the FTX collapse in late 2022
→The Coldcard vulnerability has led to investors sending bitcoin back to exchanges, prioritizing security

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

The recent $89 million Coldcard exploit has had an unexpected impact on bitcoin investors. According to blockchain analytics firms, smaller bitcoin holders are moving their funds onto exchanges for safety, as reported by CoinDesk. This trend is opposite to the one seen following the FTX collapse in late 2022.

This shift in behavior may indicate that investors are prioritizing security and seeking the perceived safety of exchanges in the wake of the Coldcard vulnerability. The fact that investors are sending bitcoin back to exchanges is a notable departure from the trend observed after the FTX collapse, where investors were withdrawing their funds from exchanges.

Source: CoinDesk ↗

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