White Hats Move Over $4.5 in Bitcoins From Coldcard to Recovery Trust
- Published
White-hat actors moved bitcoin tied to the Coldcard exploit into a new address labeled for a Crypto Recovery Trust. Galaxy Research said the coins consolidated there were a small share of the total haul, while Alex Thorn said the transfer was meant to protect potential victims and create a path for them to reclaim funds.
Key claims & sources
What it means
People tied to the Coldcard exploit and anyone trying to recover those coins are the groups most directly affected today. The transfer into a recovery-labeled address means the assets are now sitting in a different place than before, and the move was described as being for potential victims to reclaim later.
In practice, the coins were consolidated into a fresh address marked for a Crypto Recovery Trust, which is a change in where the funds sit and how they are labeled. What stays the same is that the funds are still tied to the exploit, and Galaxy Research said the moved amount was only 2.8% of the total haul.
Market reaction i
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Coverage timeline
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