An exploit in the popular hardware wallet's seed phrase generation has allowed hackers to drain millions, shaking the foundations of self-custody. "I did everything right," said one victim. "None of it mattered."
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.”
July's jobs report stunned economists with a net loss of jobs and slowing wage growth, a significant miss that complicates the Fed's next move on inflation.
The David Lin Report · U.S. Bails Out Japan From Crisis; What It Means For Markets | David NicoskiAug 7
In a dramatic move not seen in decades, the US Treasury has intervened to prop up Japan's struggling currency. The action comes as a plunging yen threatens to ripple through the global economy.
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