Bitcoin
Why Bitcoin is down 1.6% today
Analysis
Bitcoin fell 1.6% over the past 24 hours as traders reacted to renewed security concerns and potential sell-pressure signals from major exploit-related flows. Cointelegraph reported a Coldcard “third-wave” attacker moved 45% of stolen BTC, while The Block and Decrypt reported Liquid Network paused after purported “white-hat” hackers withdrew about $320 million in bitcoin—events that can weigh on sentiment and raise near-term risk-off positioning.
Contributing Factors (3)
Coldcard third-wave attacker moves 45% of stolen Bitcoin
Galaxy said 82% of Bitcoin stolen across all Coldcard attacks remains in the original addresses, with 18% moved in apparent laundering.
Liquid Network pauses after purported ‘white-hat’ hackers withdraw $320 million in bitcoin
The Bitcoin sidechain has been paused, with exchanges suspending LBTC deposits and withdrawals as Blockstream works to contact those responsible.
'Purported White-Hat Hackers' Withdraw $320M in Bitcoin From Liquid
Blockstream and the hackers are engaging with each other through PGP-signed messages in Bitcoin transactions.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.