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Crypto DeFi

White-Hat Hackers Move Coldcard Exploit Bitcoin to ‘Crypto Recovery Trust’ Address

Galaxy Research says white-hat actors have consolidated bitcoin tied to the Coldcard exploit into a fresh address tagged for a “Crypto Recovery Trust.” The consolidated funds represent just 2.8% of the total haul from the exploit. The recovery effort covers only a small fraction of the stolen coins.

Original source

AI take

The consolidation signals that a coordinated white-hat response is underway, but the fact that it covers only a small slice of the total haul underscores how partial any recovery is likely to be. The 'Crypto Recovery Trust' label matters less than the mechanism: who controls the address, under what authority, and how affected holders would ever claim against it. Whether the remaining funds can be traced and moved the same way is the open question.

Generated by AI for reference only.

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