Bitcast

Trezor's shipping partner just leaked the names, home addresses, and phone numbers of nearly 14,000 customers — the same week France's tax authority had 678,000 records exposed, including dozens of people earning over a million euros a year. With wrench attacks already a documented threat in France, the timing couldn't be worse, and the crew spends a long stretch debating whether all this chaos is actually the capitulation signal that precedes a major move up. In this episode: • Trezor data breach: a third-party shipping provider exposed full personal details on roughly 11,742 customers across the US, UK, and several other countries within a 90-day orde...

The Fed is quietly setting up to cut rates while GDP is ripping at 5.8% and credit card delinquencies hit nearly 13%. Larry Lepard called out Fed Chair Kevin Warsh directly, renaming him "Head Monetary Gaslighter" after Warsh cited AI efficiency gains as cover to ease policy. With US debt on track to double to $80 trillion inside a decade, the hosts and guest Adam O'Brien of Bitcoin Well make the case that printing is the only exit — and Bitcoin is the only exit from the printing. In this episode: • Larry Lepard fires back at Kevin Warsh over CPI framing, pointing to fuel up 3...

BIP 110 stalled over the weekend without majority support from nodes, hash rate, businesses, or wallet software — and now Luke Dashjr is stepping away from Ocean Mining to focus on a proof-of-work hard fork that the hosts flatly call a new shitcoin. Meanwhile, over a million code repositories may be sitting on a vulnerable cryptography package, and the white-hat researchers trying to fix it are getting blocked by American AI tools. In this episode: • BIP 110 post-mortem: why the activation failed across every measured facet of the ecosystem — nodes, hash rate, exchanges, and wallet software — and what Simon Dixon's "Bitcoin worked as designed...

BTC Pay Server is being actively exploited right now, and if you're running a lightning node through LND, a simple update won't cut it — you need to destroy and recreate your macaroons, or just shut the whole thing down until you can do it properly. This episode digs into a week where Cold Card was just the first domino, and the hacks keep coming for the most hardcore corner of Bitcoin infrastructure. In this episode: • BIP 110 mandatory signaling lands tomorrow with only about 2.6% miner support — far short of the 55% threshold, and even prominent supporter Bob Burnett says getting the BIP 110 chain...

A white-hat group called Bitcoin Red Team filed nearly 5,000 security findings across 390 projects in just 30 hours — including 85 critical and 635 high-severity vulnerabilities — and that's before the conversation turns to whether Coinkite's CTO and the pseudonymous developer who introduced the entropy bug might be the same person. Meanwhile, BIP 110 is days away from its signaling window, and the hosts are warning listeners about replay protection before anyone touches coins on a potential fork chain. In this episode: • Bitcoin Red Team, now 16 researchers funded by OpenSats, spent roughly $40,000 on AI-powered security analysis to uncover the 4,962 findings, averaging 166 security issues per hour across Bitcoin-related projec...

The ColdCard exploit has now drained a confirmed minimum of 1,360 Bitcoin — and attackers are no longer stopping at weak seed phrases. They're actively brute-forcing low-entropy passphrases on top of compromised seeds, and the carnage is still unfolding in real time. Meanwhile, a second major project, Bolts, has quietly shut down its swap services with no return date after AI-assisted attackers outpaced their small team's ability to patch vulnerabilities. In this episode: • ColdCard losses tracked at over 1,360 Bitcoin confirmed minimum, with reports of MK3, MK4, MK5, and Q devices affected — including one MK3 with a two-word passphrase that was brute-forced • An analysis...

A critical vulnerability in Coldcard hardware wallets has left Bitcoin holders scrambling to move funds, with roughly 1,000 BTC already seen moving on-chain. The bug traces back to a firmware change around 2021 that caused the device to fall back to a software pseudo-random number generator instead of true hardware randomness — meaning private keys generated since then have far fewer possible combinations than anyone realized. MK3 devices are the most exposed, but MK4, MK5, and the Q are also affected. In this episode: • BTC Sessions and Nathan from BTC Mentor run a live help desk, walking viewers through exactly which Coldcard models are...

A serious vulnerability in Cold Card hardware wallets has exposed Bitcoin funds across all current product lines — MK3, MK4, MK5, and the Q. Over 38 million dollars worth of Bitcoin had already been swept at the time of recording, with the number climbing, and the hosts make clear this is not a drill: if you generated a seed on a Cold Card, treat those keys as compromised and move your funds now. In this episode: • The bug stems from a flawed random number generator in Cold Card firmware — one line of code, undetected for five years, that reduced the entropy used when g...

Fed Chair Kevin Warsh held rates steady this week and admitted out loud that the central bank cannot undo five years of above-target inflation in nine weeks — and the guys on Bitcast think that one throwaway line reveals everything wrong with the system. Bitcoin, meanwhile, is quietly sitting right on the 200-week moving average at roughly $63,500 — the same price it was in April 2021 — while everyone else piles into a single overcrowded AI trade. In this episode: • Kevin Warsh's first major Fed press conference draws mixed reviews: the hosts say he's "over his skis," lacks Powell's rapport with reporters, and his admissio...

Michael Saylor's company Strategy just bought back $25 million of its own STRC preferred shares — but the money came from selling $544 million worth of MSTR common stock, not from Bitcoin purchases. Saylor hasn't bought any Bitcoin in five weeks, and Parker Lewis pointed out that same cash could have bought roughly 8,300 Bitcoin instead. In this episode: • Strategy sells 5.4 million MSTR shares for $544 million to fund STRC buybacks, with Saylor stating repurchases may also be funded by BTC sales — his stated goal is to keep STRC trading near $100. • BIP 110 debate heats up ahead of an August 8th activation window, with the panel noting s...

Jack Malers is out at 21 Capital — and the hosts aren't buying the official story. Meanwhile, Satsuma shareholders just voted to liquidate their 600-odd bitcoin and delist from the London Stock Exchange, and Lynn Alden is launching Orange Juice right into this wreckage. The timing could not be more awkward. In this episode: • Jack Malers steps down as CEO of 21 Capital — the panel debates whether the board actually removed him, why the stock is down roughly 50%, and what a return to Strike-focused work might mean for him • Satsuma, with Mark Moss as chief Bitcoin strategist, votes to sell its bitcoin and exit the...

Bitcoin is sitting above $65,000, up over 5% on the week, while hedge funds are dumping tech stocks at a decade-record pace and leverage semiconductor ETFs have lost $63 billion from their June peak. The crew connects those dots to a broader rotation story — and the reason most people aren't seeing it is that they're staring at the wrong assets. In this episode: • Kimi K3, the open-source Chinese AI model, fixed security bugs that OpenAI's Codex and Anthropic's Claude refused to touch due to guardrails — drawing a quote-tweet from White House AI czar David Sacks calling out American models for being less competitive. • An OpenA...

Bitcoin held green while the NASDAQ dropped 2%, gold shed billions in ETF outflows, and South Korea's stock market handed out margin calls to 1.2 million retail traders — that's 3.4% of the country's entire adult population. JP Morgan, the bank that spent a decade calling Bitcoin a fraud, is now suggesting this may be the bottom of the bear market. And China's new open-source AI model, Kimi K3, just jumped 17 places in the front-end coding rankings and is already available to use with Bitcoin payments through PPQ. In this episode: • Guy Swan joins as guest to break down the shift toward drone warfare, Andu...

BitMEX is shutting down after 11 years, and nobody can stop wondering who walks away with the $270 million sitting in its insurance fund. That same week, Poolin filed for Chapter 11 bankruptcy owing $163 million to its own wallet users — and nine institutions including BlackRock quietly pledged $15 million to a new Bitcoin Security Consortium. Two legacy pillars down, the suits moving in. In this episode: • BitMEX closing September 23rd after halting new signups, with speculation the shutdown is designed to unlock its $270 million insurance fund — and whether Arthur Hayes's 2022 guilty plea, $10 million fine, and Trump pardon factor into the timing • Poolin filing for Chapter...

US inflation just posted its biggest monthly drop since May 2020, crashing expectations and sending Fed rate hike odds on Polymarket from the mid-30s down to 8%. At the same moment, South Korea's stock market surged so hard it triggered a circuit breaker on the way up — one week after hitting one on the way down. Bitcoin is moving in the right direction, and the hosts argue the only thing that was holding it back just got dismantled. In this episode: • CPI drops to 3.5% against expectations of 3.8%, with core CPI hitting 2.6%; Bank of England's Bailey tells investors not to count on UK r...

A Duke professor just published a roadmap for profitably attacking Bitcoin using offshore derivatives markets — simultaneously mining enough hash power to take over the network while shorting Bitcoin to zero. The hosts aren't impressed, but they do take it seriously enough to dig into whether a nation-state or "nefarious geopolitical entity" could actually pull it off. In this episode: • Duke professor Campbell Harvey outlines a 51% attack strategy funded by short positions in Bitcoin's derivatives markets, claiming the cost is roughly 50 basis points of Bitcoin's market cap — "surprisingly affordable" in his words. • A former Meta engineer argues Bitcoin has two ticking time bom...