$CATE
Heating UpSnapshot Window: 2026-08-04 07:50 UTC · ← Back to Crypto Overview
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Total Engagement - Comments: 28, Retweets: 5, Likes: 96, Impressions: 16618
Verbatim Community Citations & Social Evidence 3 source posts analyzed
Jim Cramer Plans to Dump His Bitcoin, Warns Quantum Will Crack It Soon
Private audits, onchain.
One of the best details I've seen regarding the coldcard hacking incident that causes market panic! In simple terms: This was not a $BTC network failure. It was a company/product implementation issue affecting certain Coldcard-generated wallet seeds.
AI visual note: The image is a Galaxy Research Sankey diagram titled "Bitcoin Seed-Entropy Sweep: 4,585 Addresses Drained Across Three Waves," showing how $BTC funds flowed from 4,585 victim addresses through collectors, banks, and exchanges (like W1: bc1qfvk99hdjy7...fwnh, W2: bc1qtp5h6zn...hu8e, and W3: bc1qsc2k8u7...vdfq) across three waves totaling ~$855M drained, with only ~25% of funds still at the current location. The diagram visually supports the post's claim by illustrating that the drain stemmed from compromised wallet seeds (an implementation issue) rather than a fundamental $BTC network failure, as funds moved through identifiable collection addresses into specific exchanges and mixers.