Unlike the FTX collapse, the $89 million Coldcard exploit has investors sending bitcoin back to exchanges

The Coldcard vulnerability has smaller bitcoin holders moving funds onto exchanges for safety, according to blockchain analytics firms. This is opposite of the trend seen following the FTX collapse in late 2022.

The top 3

  1. Largest DeFi Hacks by Stolen Value: The Ronin Bridge exploit in 2022 remains the largest DeFi hack, with approximately $625 million in ETH and USDC stolen due to compromised validator nodes. Other major DeFi exploits include Poly Network ($611M) and Wormhole ($326M).
  2. Largest Exchange Hacks by Stolen Value: The Bybit hack in 2025 stands as the largest single theft from an exchange, with $1.4 billion in ETH stolen due to a private key leak. Other significant exchange breaches include Coincheck ($534M) and Mt. Gox ($460M, though originally 850,000 BTC).
  3. Top 3 Common Crypto Attack Vectors: Wallet compromises, often involving private key theft or seed phrase exposure, account for the largest value lost in crypto hacks. Phishing is the leading cause by incident count, while smart contract bugs and cross-chain bridge weaknesses are also frequently exploited.

Sources

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