Daily BTC transfers under 1 BTC reach levels last seen during the FTX collapse following a Coldcard wallet exploit.
Bitcoin transfers under 1 BTC surged to $114M on July 31, matching volumes last recorded on November 16 2022 after the FTX collapse. The spike follows reports of a Coldcard hardware wallet exploit, with 39.6K BTC moved in small transactions.
The previous comparable transfer volume occurred during the FTX fallout, when 39.9K BTC were recorded. Analysts identified a pattern of transactions opting for replace-by-fee (RBF), signaling potential ongoing attacks.
Unconfirmed transactions remain in the mempool, suggesting further activity. Users are advised to check funds and consider RBF to mitigate risks.