TREE NEWS update: A white hat hacker tied to the Coldcard exploit transferred 52.37 BTC, worth more than $4 million, into the Crypto Recovery Trust, about 2.8% of the total bitcoin linked to the vulnerability. The Trust will verify ownership of the funds and attempt to return them. Galaxy Digital research head Alex Thorn said an additional 3.0134 BTC moved to the same address in the same transaction, with its origin still unconfirmed.
Coldcard White Hat Moves 52.37 BTC to Crypto Recovery Trust
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AI take
The recovery effort is notable less for the sum moved than for what it signals: a white hat is cooperating through a formal trust rather than a unilateral return, which gives the process a verifiable paper trail. That matters most to holders whose coins were swept and who now depend on ownership verification to reclaim them. The unconfirmed 3.0134 BTC arriving in the same transaction is the detail worth watching — whether it traces to the same actor or an unrelated sender shapes how clean the Trust's accounting turns out to be.
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