# Cold Wallet Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Cold Wallet", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

$467K In Crypto Seized As Spain Cracks Down On Illegal Piracy Platform

Spanish police seized €400,000 ($467,000) in cryptocurrency from two cold wallets hidden inside a wall thermometer during a raid in Almería. Three suspects were arrested in connection with the country’s largest illegal Spanish-language manga distribution platform, operational since 2014. The site generated over €4 million ($4.55 million) in ad revenue by offering pirated content. Authorities have not confirmed whether they can access the seized funds, as cold wallets require PINs or seed phrases. The case highlights challenges law enforcement face in handling crypto seizures, illustrated by custody failures in other countries like South Korea.

bitcoinist04/24 10:02

$467K In Crypto Seized As Spain Cracks Down On Illegal Piracy Platform

bitcoinist04/24 10:02

"Assets Dormant for Three Years" Will Be Confiscated? The Truth About California's New Bill SB 822 Explained

A new California law, SB 822, which takes effect in 2026, has caused concern in the crypto community over fears that inactive exchange accounts could be "confiscated." However, this is a misunderstanding. The law extends the state’s existing Unclaimed Property Law (UPL) to digital assets held on centralized exchanges. Key points: - Assets are considered "unclaimed" only if there has no owner activity for three years AND the exchange is unable to contact the owner. - "Owner activity" is broadly defined and includes logging in, trading, or even just responding to an email, which resets the three-year timer. - Exchanges must send a prominent warning notice 6-12 months before reporting assets to the state. A simple response stops the process. - Crucially, transferred assets are NOT immediately liquidated. The state must hold the original crypto for 18-20 months, allowing owners to reclaim their exact tokens. Only after that may assets be sold for cash. - The law only applies to assets held on centralized exchanges (the "holder"). Self-custodied wallets, like cold wallets or DeFi LP tokens, are completely exempt. - Owners can always claim their property from the state, even years later, though they may receive cash instead of crypto if it was already sold. The article advises users to perform a simple activity (e.g., logging in) annually to keep accounts active or move large holdings to self-custody to avoid the law entirely. It concludes that SB 822, while intrusive, provides a legal safety net that protects user assets from being lost or misappropriated by failed exchanges.

marsbit01/07 07:07

"Assets Dormant for Three Years" Will Be Confiscated? The Truth About California's New Bill SB 822 Explained

marsbit01/07 07:07

"Holding Coins for Three Years Without Moving" Will Be Confiscated? The Truth About California's New Bill SB 822

The California Senate Bill 822 (SB 822), signed into law in October 2025 and effective from 2026, extends the state's existing Unclaimed Property Law (UPL) to digital assets held on centralized exchanges. Contrary to widespread panic, the bill does not mean that "holding coins for three years without moving them" will lead to confiscation. Key points of the bill: - Assets are considered "unclaimed" only if an account shows no "owner activity" for three years and the exchange cannot contact the user. - "Owner activity" is broadly defined and includes logging in, executing trades, depositing/withdrawing funds, or even responding to exchange communications—any of which resets the three-year timer. - Exchanges must send a prominent notice 6–12 months before reporting assets as unclaimed, allowing users to reclaim them easily. - Transferred assets are not liquidated immediately. They are held "in-kind" (as the original crypto) by state-appointed qualified custodians for 18–20 months, during which owners can reclaim the original tokens. Only after this period may the state liquidate them. - The law only applies to assets held on centralized exchanges (custodial services). Self-custodied wallets (e.g., cold wallets), DeFi LP tokens, and certain excluded assets like in-game currencies are not affected. - Owners can always reclaim their assets from the state, even after transfer, either in crypto or as cash proceeds if already sold. To avoid triggering the law, users should periodically log in or perform minor transactions on their exchange accounts. For greater safety, moving assets to self-custody wallets removes them from the law’s scope entirely. The bill aims to protect consumer assets from being indefinitely held or misused by exchanges, acting as a legal safeguard for lost or forgotten digital wealth.

Odaily星球日报01/07 06:59

"Holding Coins for Three Years Without Moving" Will Be Confiscated? The Truth About California's New Bill SB 822

Odaily星球日报01/07 06:59

Crypto Santa’s Naughty List — List of Top Heists in 2025

Crypto Santa’s Naughty List: 2025 was a record-breaking year for crypto theft, with total losses estimated between $4–5 billion. North Korean hacking groups, particularly Lazarus, were responsible for over 60% of stolen funds. The largest single heist was the February Bybit breach, where $1.5 billion was stolen via a compromised multi-signature wallet. Other major incidents included a $200–400 million Coinbase insider breach, a $90–100 million attack on Iran’s Nobitex, a $48–50 million hot wallet exploit at BtcTurk, and a $91 million phishing scam against an individual Bitcoin holder. The year highlighted growing threats from state-backed actors, sophisticated social engineering, and vulnerabilities in both centralized and DeFi platforms.

ccn.com12/25 07:17

Crypto Santa’s Naughty List — List of Top Heists in 2025

ccn.com12/25 07:17

The U.S. SEC Teaches You How to Custody Crypto Assets Step by Step

The U.S. SEC published an investor bulletin on December 12 to educate retail investors on crypto asset custody. The bulletin explains that crypto custody refers to how and where crypto assets are stored, typically through a crypto wallet that holds private and public keys rather than the assets themselves. Wallets are categorized as either "hot" (internet-connected, convenient but more vulnerable) or "cold" (offline, more secure but less convenient). Investors must also choose between self-custody (full control and responsibility over private keys) and third-party custody (using a service like an exchange, which manages keys but introduces counterparty risk). The SEC provides key questions for both options. For self-custody, these include assessing technical ability, desired control level, wallet type, and costs. For third-party custody, investors are urged to research the provider's background, regulatory status, insurance policies, security measures, asset storage methods, use of client assets (e.g., rehypothecation), privacy practices, and fee structure. General protection tips include never sharing private keys or seed phrases, safeguarding privacy, being wary of phishing scams, and using strong passwords with multi-factor authentication.

marsbit12/16 01:05

The U.S. SEC Teaches You How to Custody Crypto Assets Step by Step