A critical vulnerability was discovered and exploited in ColdCard hardware wallets, triggering a massive Bitcoin migration with volumes not seen since the FTX collapse. BlackRock seized this opportunity to lower the minimum threshold for in-kind transactions allowing BTC to be exchanged for IBIT ETF shares, dropping it from 25 million to 1 million dollars. The IBIT Bitcoin spot ETF has returned to positive net inflows and reached a four-month high, directly benefiting from the trust crisis affecting ColdCard hardware wallet holders.
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