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US spot Bitcoin ETFs saw roughly $620 million in inflows over the past week, coinciding with the Coldcard wallet exploit that drained over $116 million in Bitcoin from 5,200 addresses. Bloomberg analyst Eric Balchunas noted the link is unclear, while Binance co-founder Changpeng Zhao argued centralized exchanges may be statistically safer.
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Summary by ByteBrief
$120M Coldcard hack hits Bitcoin memory pool