Coldcard exploit sparks Bitcoin flight, ‘bullish’ crypto consolidation: Hodler’s Digest, August 2

Cold storage fears after Coldcard users lose $90M in BitcoinThe figure was just 300 BTC below the 39,900 BTC transferred on Nov. 16, 2022, days after FTX filed for bankruptcy.Galaxy Research, the research arm of crypto investment company Galaxy Digital, reported Saturday that the third wave of attacks on users of the hardware wallet on the weekend brought estimated losses to 1,367 BTC ($88.6 million) across 4,585 addresses.Alex Thorn, Galaxy Digital’s head of firmwide research, warned in an X post on Sunday that the attack was still ongoing and urged users to move funds from Coldcard-generated addresses immediately if they had not already done so. The exploit reportedly targets a flaw in the Coldcard seed generation process, that did not employ a genuinely random number generator. Source: Alex ThornClarity Act clock running out: No vote, or ‘no’ vote? President Donald Trump is considering a revised ethics proposal for the Clarity Act that was devised by Senator Thom Tillis and Senator Ruben Gallego. The original proposal Trump signed off on would have prevented elected officials from endorsing or profiting from crypto projects and would have been enforced by the Department of Justi...