Crypto News1 MIN READ
CRYPTOBEARISH
Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges
FG
FOMOGRAM Editorial Desk
Aug 2, 2026
EXECUTIVE SUMMARY
The Coldcard vulnerability has smaller bitcoin holders moving funds onto exchanges for safety, according to blockchain analytics firms. This is opposite of the trend seen following the FTX collapse in late 2022.
The Coldcard vulnerability has smaller bitcoin holders moving funds onto exchanges for safety, according to blockchain analytics firms. This is opposite of the trend seen following the FTX collapse in late 2022.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
The Coldcard exploit is causing smaller Bitcoin holders to move funds back to exchanges, indicating a loss of confidence and potential selling pressure.
BTC OVERALL MARKET INDEX: 27 / 100 (BEARISH)
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