Bloomberg Analyst Questions Coldcard’s 5-Member Team Amid Security Incident

火星财经消息， on August 2, Bloomberg Senior ETF Analyst Eric Balchunas commented on the Coldcard wallet security incident: “I just learned that the Coldcard team consists of only five employees. For such an important company, that number is extremely low. Would you be willing to use a bank with only five people working there to store your life savings? Maybe this is considered normal in the crypto space, but to me, it’s a clear red flag.” Balchunas further noted that institutions like Coinbase and Ledger, with much larger teams, likely have greater advantages in security investment and operational capacity—even if users face higher transaction costs. Bitcoin ETFs offer another alternative: investors can benefit from the security provided by large, professional, regulated financial institutions while also enjoying lower management fees. Previously reported, the Bitcoin hardware wallet Coldcard was compromised, with stolen funds rising to 1,367.05 BTC, valued at approximately $88.6 million, affecting 4,585 addresses. Galaxy Research Director Alex Thorn stated that the attack is still ongoing and users who have not yet moved their funds should immediately transfer their assets out of addresses generated by Coldcard.