🚨 White-hat hackers move Bitcoin from the COLD card vulnerability recovery trust 🧠
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- A Galaxy Research report says that white-hat hackers have centrally transferred the bitcoins related to the Cold card vulnerability to a new address, labeled “Crypto Recovery Trust.”
- The funds held by this address are about 2.8% of the total stolen amount.
- Transactions show the funds have been locked in the recovery trust account, with no further transfers observed.
- This incident highlights the role of white-hat behavior in safeguarding crypto assets. 🔥
- Market sentiment is bearish, and Bitcoin is expected to face further downside pressure in the short term.
- Since the funds represent only 2.8% of the total stolen amount, investor panic could intensify and lead to selling.
- Whale accounts appear to be either distributing withdrawals or accumulating at low levels, which may provide short-term support to the price.
- If the recovery trust is not redeemed in time, short-term volatility will remain high.
- Do you think this kind of white-hat recovery will boost market confidence in security?
- Stay tuned for our in-depth analysis—we look forward to your comments.
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#Bitcoin #Crypto #Whales #Recovery #Security