CryptoQuant reported, "Users of the cryptocurrency hardware wallet Coldcard are exiting at a rate similar to the FTX collapse. On July 31 (local time), a few days after the hacking incident was disclosed, the transfer volume of less than 1 BTC recorded 39,600 BTC. This figure is close to the 39,900 BTC transferred during the FTX collapse in November 2022. It has been almost four years since small holders transferred such a large amount of funds." Coldcard has reported hacking damage of approximately 1,816 BTC ($114 million) to date due to code vulnerabilities.
