Coldcard Security Scare Sends Users Back to OKX

Crypto exchange OKX is seeing a massive surge in user deposits following a significant exploit involving Coldcard hardware wallets. Many investors are reacting to the incident by moving their Bitcoin away from self custody and into the hands of a professional exchange service to avoid potential losses.

The vulnerability has shaken confidence among those who rely on hardware wallets to secure their digital assets. While many in the community argue that self custody remains the safest path, this event shows that some users prefer the managed security protocols offered by large platforms like OKX.

This shift highlights how quickly market sentiment can change when a trusted storage tool faces a security crisis. Investors are currently weighing the trade off between personal control and the managed safety that major exchanges provide. Traders should keep an eye on whether these inflows continue or if users return to hardware wallets once the dust settles.