A 'deep systemic flaw' in Coldcard hardware wallets allowed hackers to exploit the seed phrase generation process, leading to a massive loss of funds and shaking confidence in even the most secure forms of self-custody.
The tape Bankless · Aug 7
“From 9.36 to 9.43 p.m. on July 9th, every wallet I ever had had been emptied. 18.2 Bitcoin gone, over $1.6 million Canadian. Perhaps the hardest part about this is that I did everything right. I never shared my seed phrase with anyone. My devices never touched the internet. Everything was kept in multiple safes and safety deposit boxes. None of it mattered.”
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The David Lin Report · U.S. Bails Out Japan From Crisis; What It Means For Markets | David NicoskiAug 7
In a move not seen in decades, the U.S. government has intervened to prop up the Japanese Yen, raising questions about a 'slow motion debt crisis' unfolding in global sovereign bond markets.
Bankless · ROLLUP: The ETH Issuance War | $130M Coldcard Exploit | Saylor Sells Again | Uniswap LaunchpadAug 7
A proposal by Ethereum researchers to reduce ETH issuance and cap staking rewards has ignited a fierce debate, pitting them against DeFi founders who warn the move would 'accelerate the centralization that it claims to fix'.