PANews|Aug 03, 2026 14:04
[Ancient Bitcoin Whale Transfers 500 BTC, Suspected to Enhance Security Measures Due to Coldcard Incident]
According to monitoring by Lookonchain, an ancient Bitcoin whale with the address 18TExP, dormant for over 12 years, transferred all 500 Bitcoin (approximately $31.27 million) to a new wallet one hour ago. This address had previously shown no financial activity for a long time, and the large transfer has drawn significant market attention. On-chain analysts speculate that the holder may have heightened their asset security awareness due to the recent Coldcard security incident, prompting the migration of BTC to a new wallet address. It is currently unclear whether this transfer is directly related to the Coldcard incident, but recent discussions surrounding hardware wallet and multi-signature wallet security risks are driving some long-term holders to reassess their asset custody strategies.
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