White-Hat Hackers Move 52.37 BTC Tied to Coldcard Exploit to Recovery Trust

The recovery trust structure is the real signal here: it suggests white-hats are treating this as a custody and distribution problem rather than a simple return-to-owner, which matters for how victims of the Coldcard vulnerability might eventually be made whole. The fact that only a small slice of the stolen bitcoin has moved also implies most of the funds remain unaccounted for, so the operational pace of recovery is the open question. How the trust handles verification and claims will shape expectations for similar exploits.