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Fading QuicklySnapshot Window: 2026-08-02 21:10 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 5, Retweets: 0, Likes: 3, Impressions: 187
Verbatim Community Citations & Social Evidence 1 source posts analyzed
After Coldcard, people are sending Bitcoin to exchanges. Is self-custody advice broken? Galaxy Research now puts the observed Coldcard-related drains at 1,367 BTC (~$88.6–89M) across 4,585 addresses in three waves. The first wave alone took 1,082 BTC in 41 minutes on July 30. CryptoQuant data shows the opposite reaction to FTX: daily exchange deposits of transfers under 10 BTC hit 7,300 BTC on July 31 (highest since February), and sub-1 BTC transfer volume nearly matched the day after FTX collapsed. Active addresses spiked to almost 1 million. CZ’s take was simple: even old, trusted hardware wallets can have bugs. Split funds. Nothing is 100%.