Coldcard Wallet Exploit Triggers 1,367 BTC Drain as Bitcoin Slips Below $63,000
AI Market Summary
Crypto markets weakened, with BTC sliding below $63,000 and ETH also lower, despite a supportive macro backdrop (lower crude, softer Treasury yields, firmer equity futures). A reported Coldcard hardware wallet vulnerability enabled three attack waves that drained ~1,367 BTC from thousands of addresses, highlighting operational and custody risk. The incident can pressure near-term risk appetite and increase sensitivity to security-related headlines across crypto.
Impact level
● High
Affected assets
BTC/USDT-0.66%
AI Insight · BTC/USDTAI Insight
▼ Bearish
Trade now
⚠️ 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.
Odaily Planet Daily reports that major cryptocurrencies opened the week under pressure. Bitcoin fell to about $62,800, while Ether slid to $1,858. A brief easing in geopolitical tensions failed to translate into a lasting market rebound.
The downturn intensified after an expanding vulnerability tied to the Coldcard hardware wallet was exploited. Roughly 1,367 BTC were pulled from around 4,585 addresses across three waves of attacks, a haul valued at nearly $89 million.
The crypto selloff diverged from broader risk signals, with crude oil prices and U.S. Treasury yields lower and stock index futures trading higher.
