White-Hat Hackers Move Coldcard Exploit Bitcoin to 'Recovery Trust', Galaxy Research Reports

Galaxy Research has reported that a group of white-hat hackers have intervened in the aftermath of a Coldcard hardware wallet exploit by consolidating a portion of affected Bitcoin into a newly established address labeled as a 'Crypto Recovery Trust'. The intention behind this move appears to be the safeguarding and potential restitution of the compromised assets. According to the report, the coins gathered represent approximately 2.8% of the overall amount lost in the exploit. It remains unclear how or when, if at all, the remaining funds may be recovered or distributed. This development highlights ongoing efforts within the crypto community to respond to security incidents, but also underscores the limits of such interventions in addressing the broader impact of major exploits.