During the first half of the year, OKX told The Block it prevented $26.3 million in scam-related losses by stopping suspicious transfers.

Bitcoin users moved 39,600 BTC in sub-1 BTC transfers as CryptoQuant tracked the highest daily transfers since the FTX collapse amid an ongoing Coldcard hack.

Unlike the FTX collapse, the $89 million Coldcard exploit is driving bitcoin back onto exchanges as holders seek temporary safety, data from CryptoQuant and Timechainindex shows.