BTC

Beginning-Editor182

🤫Les gars le BTC a déjà touché son plus bas et c'était le 1 juillet

Super_Weekend_4428

Eh, I don't know. I still have some but I've more or less lost faith in it. It doesn't work well for payments. Transaction fees are nuts. It doesn't work as hedge because when the market tanks BTC does too. You are probably better off buying an index fund or something.

magma_lakes

OP is referring to vulnerable ColdCard BTC that remains to be stolen. A benevolent group could race the attackers to brute-force remaining wallets, empty them, and somehow return the coins to the rightful owners afterwards (as OP's theory goes).

Possible-Mud-1380

Or they don't care of they're caught. Or the primary goal is to fundamentally call BTC into question. Both of those align with potential nation state motives.

frozen-sky

I generated my seed on my laptop. Not airgapped. Totally insecure. I always was planning to move to coldcard, but didn't come around it. Seems my procrastination helped me here. Last year i decided to leave BTC completely instead. I don't hold anymore It is devastating to see so many people with lost BTC, collected with DCA or whatever. I count myself lucky. If i would reenter the game, this episode would definitely adjust my strategy. I would probably choose an airgapped computer with USB boot or something. And a stupid game to create entropy. Or role dice. I would probably refrain from hardware.

Due_Difference_1412

I agree that SOL probably has more upside than BTC and ETH. However, its volatility and unpredictability are also much higher. Network stability, ecosystem competition, and overall market sentiment can all have a significant impact on its price. For me, investing isn't just about chasing the highest returns—it's about finding the right balance between risk and reward. That's why my current focus is on short-term futures trading. I prefer to manage risk through strategy rather than relying solely on the long-term potential of a single coin

devCheckingIn

BTC is back to trading like digital gold.

Downtown_Ship_6635

I suspect Satoshi was really a good guy and created each new wallet without storing the keys. If you do not want to access the BTC later, security becomes much easier...

bananabastard

There was a thread on here a day or so ago with someone going through exactly this. He knew for 3 days that this hack was in play, and he was watching his wallet, waking up every day and checking. His BTC was still there, still there, still there, and then, gone.

FuturePrimitiv3

😂 no down vote from me! I'm not a BTC "true believer", just a nerd who thinks the technology of BTC is interesting, but still struggles to find a valid use case.

UtahImTaller

Crypto has been pretty doom and gloom for the last few months from what I've been reading here off and on. People legitimately think the last bull run was the last big one, and that altcoins and BTC will never see the mountains of returns we've seen previously.  That, to me, is very bullish. My speculation is that it's a great time to buy, but I also could see why people believe people altcoins (not necessarily bitcoin) are dead. Especially since crypto in general is very much based on speculative value and almost zero use case. Obviously outliers exist, but that's my take in general.

Nymister

In three days time, will be the best time to buy BTC. Mark my words.

theincognito66

if everyone sold all their BTC and only bought the ETF, this entire asset would collapse in value. Read the white paper - we are trying to own something that banks and governments cannot control.

Nick700

Unfortunate for those who gambled their emergency fund on BTC otherwise who cares BTC/USD is up 1300% in that same timeframe USD inflated 25%

Fluid_Ad8452

This is so cool, very cypherpunk, I love it. I don’t own a N64 but I saw a similar project for GBA and BTC so I might as well try that one. One thing worth nothing is, the novelty here is the device used to generate which was built on the pre iot era, giving it the same level of isolation than the ones of devices that were designed today **with that objective in mind.** Same security vulnerabilities could be found here as the CC wallet because that depends on the RNG algorithm they decide to use, I assume controller input, sensors which should be validated are still working properly before using them as entropy source, PRNG etc. The key here is scrutiny, which is something CCW didn’t had until bad actors took a look. But this is the monero community after all, so this is in good hands. Thanks for sharing!

Soul__Collector_

Care to name some.. Because taking the loan then moving the BTC seems like the simplest rug in history

InsightKnite

They both have some of the lowest multipliers in terms of return. Neither of those coins are getting more than a 3x and that is absolute best case scenario. Hell even SOL can hit a 4.5x on it's best day. A far better ROI than BTC or ETH.

moviemaker2

>nothing about the seed generation is changing anything about the capabilities of the device to hold my keys "Sure, one of the two primary functions of this device was shown to be incompetently implemented to a staggering degree, such that almost a hundred million dollars worth of BTC were stolen off devices whose sole purpose was to secure that BTC. But trust me bro, there's *no way* there could be any undiscovered vulnerabilities in the other primary function of this device. That would be just crazy. They pinkie-promised it was just that one." >pls explain exactly why and where there is potential danger This is why I asked if you get scammed a lot. If it has to be explained to you why using a coldcard is dangerous at this point, then you are not good enough at risk assessment for it to be worth the time.

Skinny_Human

I had a cold card so I sent my BTC to one of the big exchanges and made it as secure as possible using 2FA with an authenticator and a long password etc I think it depends how much you have dude. If it’s a small amount leave it where it is, if not, do what I did My dilemma now is worth to cash out or hold. I think we’re at the point where self custody is becoming too dangerous to be worth it anymore with the Advent of AI et cetera.

LeMAD

This is the final straw for me. QQQ +7.25% over 5 days, BTC -0.94% over the same period. Crypto is officially dead. It has been fucking garbage in the most incredible bull market in history. There's no runway left. Any sign of the beginning of a bear market will send Bitcoin below $10K.

drwebb

I mean no ones knows, but I prefer to believe Satoshi is alive and just has the op sec on the level of the creator of BTC.

EnvironmentalYard467

For sowm reason I doubt that. Trump and his sons have a shared interest in BTC, they worn allow anything that prevents that interest to hurt BTC. Not because they care about us, like I said they aren't going to pass something that will hurt their pocket books.

N22-J

I think BTC could go up, or down.

Vinny_d_25

I doubt there would be accidental collisions from legit cold card users. I can't say for sure without knowing the full details but given that the timestamp and deviceId were part of the faulty entropy, on first glance it seems that duplicate seeds would not be generated under normal use. I was wondering if someone (or multiple people) figured out the exploit some time ago but chose to only take from a small number of wallets to not raise alarm bells. If a hacker takes from one wallet, most people would probably thing they exposed their keys somehow and it wouldn't be high priority for the authorities. With the current situation, the hacker is going to have a hard time cashing out that BTC and could be caught if they make any mistakes.

Jayrovers86

Hundreds of thousands of BTC has been lost/stolen by CEXs why would you think a CEX is a safe place to store BTC.

gfry35-

Welcome to Bitcoin. My advice as a beginner: don’t rush to buy 1 BTC all at once just because you feel you’re late. Nobody knows the perfect entry point. Start with an amount you can afford to hold for years, learn about Bitcoin, and consider buying gradually (DCA) instead of trying to time the market. Also, don’t put money into BTC that you might need soon. It can drop 50%+ and you need to be comfortable with that. The best investment is the one you can hold through the bad times.

gfry35-

Welcome to Bitcoin. My advice as a beginner: don’t rush to buy 1 BTC all at once just because you feel you’re late. Nobody knows the perfect entry point. Start with an amount you can afford to hold for years, learn about Bitcoin, and consider buying gradually (DCA) instead of trying to time the market. Also, don’t put money into BTC that you might need soon. It can drop 50%+ and you need to be comfortable with that. The best investment is the one you can hold through the bad times.

CoincidentallyTrue

The best way to cash out on the heist would be send it to a series of real users who then proceed to “wash” the BTC.  For example, a private VPN service provider that offers VPN service to the hacker in exchange for BTC (these exist).  The provider then proceeds to cash out the BTC.  If questioned by the authorities, the VPN provider can simply state they were offering an anonymous service to an anonymous user and not breaking any laws for doing so. Once the authorities stop looking, they proceed to funnel the cash back to the hacker in exchange for a very decent commission. 

Big-Cheetah5159

First, there is no such thing as tainted bitcoin. That’s just a label created by the government to promote a negative outlook on Bitcoin or “criminal money”. As if the dollars in circulation aren’t used illicit activities by criminals worldwide wide. To answer your question, nothing. They can’t make the wallets that received the funds do anything. The same way as if you send BTC to the wrong address, you lost and the got free money. On contrary good hearted people would send it back to the original ones who had it stolen. This is a decentralized network, there are no rules, no laws, or no protection .

JustASDBrainfog

Am I going to make my LocalBridge try get access to the Wallet now 👀 I mean technically it would be theft but then again I could really use 6 Million in BTC 💀

AdEnvironmental3876

Not really sure what you mean but I use mycelium for a BTC wallet then I beleive they use flipgift.io but everything is done in the mycelium app and it's been pretty smooth this entire time I've been buying an using the gift cards

ihavenotimeforgames2

Ledger is VC backed, which does boost its credibility substantially. I just wish people can covert BTC to ETF shares, then no one would have to worry about cold storage bullshit.

Javanaut018

Oh, no no no, your honor! I thought the 10 BTC on my wallet were a starting balance on my coldcard! xD

ivanjurman

Yeah, immagine the owner getting cancer thinking he has plenty of bitcoin to cover his $300k medical bill juct to discover the wallet is empty Or heirs killing each other over the 3 BTC they inherited because they didn’t want to split, just to find out there is no BTC to inherit

No-Wrap3568

Trezor, Cypher rock (both BTC-only) or a Jade. That's all I can recommend but make sure you just don't buy one only because you heard good things about them. Take time and understand the architecture of the wallet that you are going to use. That matters the most, a lot of coldcard users could have been saved if they knew about dice-rolls

DreamingTooLong

Nunchuck supports the liquid network It’s a second layer similar to lightning network Liquid is private and it also supports swapping back-and-forth between BTC and USDT How it’s private is it still reports that a transaction happened but it doesn’t say the coin type or the quantity. There’s a wallet called aqua wallet that supports spending liquid network bitcoin at lightning network bitcoin addresses. Doing a transaction like that is two different layers of privacy. When you send a lightning network payment, they can’t look on a block, explorer and see how much you have or where it came from. Same with liquid. This site lets you swap between all the different bitcoin layers. https://boltz.exchange

Zestyclose_Ad2462

That's pretty harsh man. These people did nothing wrong and everything they were told. Could they have dug into it more? Perhaps. But most likely didn't have the expertise. I know this was the first time I heard the word "entrophy" (at least in the context of BTC) and I've been in it for almost a year. It's reasonable that these people thought the product was as good as advertised. I sincerely hope something like this never happens to you. The pain these people are feeling now isn't pretty. People have already offed themselves, divorces initiated etc. Please don't make it worse. They weren't grossly negligent in this. Or even a little. The fault lies with Cold Card.

Lefties_TheWorst7331

In order to survive? They have 2.4 years worth of debt payments *in cash.* They aren't selling $100 million of BTC in order to survive when they have $4 billion in cash.. stop spreading nonsense.

No-Wrap3568

Still holding my keys with myself instead of just surrendering my assets to an exchange or buying ETFs. Using a Cypher rock BTC-only for holding my assets, best security architecture compared to most wallets. Haven't tried a seedsigner till date, haven't heard much about it till date, if it looks good to you, just make sure you understand its architecture well before you make the move

Suitable_Leading3160

If you KYC and move it to a hot wallet is that defeating the purpose? Where does one get BTC without KYC?

Abject-Stretch-1187

It proves you have no idea like everyone else is my point. Plus a bubble bursting in AI doesn't necessarily mean BTC will actually fall lower. Operating under such an assumption just means you have an interest in it falling lower whereas neutrals couldn't care less either way.

NashDaypring1987

When you sell, you have to write down a cost basis for taxes. If it never left Coinbase, they can fill it out for you and report to IRS. Otherwise, you have to report it. If you ever get audited, you might have to prove that cost basis. Tracking coins moving around is a pain. It's an extra headache. If you buy BTC ETF's, you also don't have this problem. Your broker will report the cost basis just like any stock.

tribepride25

I was thinking earlier that this feels like squid game or hunger games. BTC hits 1 million in 20 years and we’ll look around and see who is left to enjoy the rewards. You’ll see skeletons of people that got hacked, lost funds from an exchange, lost keys, forgot the passphrase, etc etc. and 20 new things will happen before then. This is a shitshow

Zestyclose_Ad2462

Could be a test from God. Who trashes their vows, when the $ is lost? I do in part blame certain youtube "influencers" who preached this, "ALL BTC and ONLY BTC and everything MUST be in self-custody" mantra. If you questioned that you always got shouted down with the, "Not your keys, not your coins" argument. If you believe in BTC (as I do), it's very hard to avoid confirmation bias. Humans want to believe they're smart, seeking out BTC channels telling them BTC is the only way. There are more than a few BTW. I know it's hard but remember this: Money isn't wealth, Health is wealth. That and your relationship with God. Perhaps both of you can use this as an opportunity to draw closer to God and focus on your long term health?

DreamingTooLong

The address you provided only had 32 stolen BTC in it This address has 562 stolen BTC in it bc1qq85v2c926eg6pgxhwp6q7lf6cnsz80qs3fcu9r

Abject-Stretch-1187

You say it like the bottom announces itself smh You're under the assumption that BTC will drop deeper considering it was the first to start dipping while everything else were making new ATHs. Keep waiting on that "bottom"

Zestyclose_Ad2462

I hear what you're saying man, I did much the same. Some BTC in ETF(s), all using different custodians. I also keep some on another exchange, and some in a cold wallet. The whole prospect of like you said, 1 bad day, 1 lapse in judgement, 1 unforeseen event out of my control.... vaporized. No recourse. I partially blame some of these youtube "influencers" preaching "Invest in 100% BTC and ONLY BTC, and self-custody in a cold wallet"! If you questioned that, they'd shout "Not your keys, not your coins"! Whole lotta people just found out the hard way - that wasn't entirely true.

locotx

Holds true. Last year we had tons of great BTC news and it didn't move much. This year tons of bad BTC news and it didn't move much. BTC is now a stable coin.

MillerBlade2

So with quantum I’ve hear all BTC networks need to concrete a “fork” not sure what that means. But would that work?

MoneyComesWithTime

You should have wait BTC Will Go to 25k in the next months. You Will be down half of your investment soon.

RecklessStallion9999

Look, I know I will get ridiculed for it, but the advent of powerful AI will make things we thought impossible, actually possible - BTC wallet hacks among them. Forget the safety of your 24 words, at some point they may just be as easy for bad actors to access as a website. If you have not yet, then create a strong passphrase, keep it offline, move your funds to that new wallet, and treat your passphrase as any other password you have. It may be your only lifeline in a few years.

Skinny_Human

I would say no you’re not, get your BTC off ASAP

juggarjew

imagine you are on a vacation halfway around the world and your crypto is on a coldcard in a saftey deposit box back home in a bank, and there is literally nothing you can do as you watch your BTC address transfer everything to someone else... you'd puke... im sure it happened to someone.

magicmulder

Dude literally wrote "my 6.4 BTC".

Effective_Engine319

I wouldn't mind if my parents bought a few BTC for me. Take that $20 they would have used on a birthday present and saved it in the form of 10 BTC. It would suck if it was lost to a hacker, but BTC has been a good way to save money into the future for all of its history so far.

EyesFor1

He was after BTC not fiat.

SACRED-GEOMETRY

I don't know much about BTC, but assuming he tried to sell or withdraw from this wallet could that be tracked to identify him?

MillerBlade2

Can’t they just monitor the thefts wallets and see how much BTC is flowing in?

crunchyeyeball

2 days ago he was posting this: > *"I had 3.533382 BTC that i moved into my Coldcard because everyone always says hardware wallets are the safest. I thought i was doing everything right and taking security serious."* https://www.reddit.com/r/Bitcoin/comments/1vcwbsk/lost_it_all/ Not sure what he's trying to achieve with all these fake posts though.

Javanaut018

Could explain why now amounts are drained below the original threshold of .15 BTC

SACRED-GEOMETRY

I don't know much about BTC, but assuming he tried to sell or withdraw from this wallet could that be tracked to identify him?

crunchyeyeball

I hope you'll forgive me if I have doubts about your story, but 2 days ago you posted this: > *"I had 3.533382 BTC that i moved into my Coldcard because everyone always says hardware wallets are the safest. I thought i was doing everything right and taking security serious."* https://www.reddit.com/r/Bitcoin/comments/1vcwbsk/lost_it_all/

crunchyeyeball

I hope you'll forgive me if I have doubts about your story, but 2 days ago you posted this: > *"I had 3.533382 BTC that i moved into my Coldcard because everyone always says hardware wallets are the safest. I thought i was doing everything right and taking security serious."* https://www.reddit.com/r/Bitcoin/comments/1vcwbsk/lost_it_all/

SACRED-GEOMETRY

How about the guy saying he cleans or washes BTC and takes 10%. Don't remember the phrasing. Surely he just disappears with it all.

Save_JR

Tumblers and mixers. At some point theres infected BTC in thousands of innocent people's wallets

mazdarx2001

My ledger nano is solid and I breakable. I dare the hackers to break through the RNG on that bad boy. If they do, they deserve the 0.0156BTC IN THERE

blaziken8x

Stellar lumens is probably gonna be fine, the other one I've never heard of, if it were me I would just put those 300 bucks into BTC. The most important thing is, once you make your choices, just leave it alone, the more you keep changing your mind any playing with it, the higher the chance you'll lose it. Also keep in mind, prices might still go down quite a bit, before they go up again. If that scares you, crypto might not be for you.

junkhead_7

Hashing power increases as technology advances, it's normal. In order for the network to be safe, the hashing power should always go up or at least remain stable. Let's say BTC price, adjusted for inflation, will stagnate for the next 10 years. Today, the reward is 3.15BTC/block, in 2026 it'll be 0.39BTC/year. This means that around 7/8th of the hashing power (adjusted for technological improvements) will be gone. If 7/8th of the hashing power would be gone today, the network would be insanely at risk. Either the price keeps going up, and up, and up at a much higher rate than inflation (which I personally don't think will happen, but that's a personal opinion) or the network is doomed in the next 20/30 years imo.

buckerooni

Honest answer because you are not getting one. Overall, BTC is the smart play. However this is one of those pivotal times where btc dominance has been far ahead over a long period. Since you asked about short-term.. Eth or another trusted alt is a good play. But remember that is only the case a small fraction of the time. I suggest not getting too deep but enjoy the ride on the next run all the while KNOWING it's a temporary action. Before the end of the year, pull out at least everything you put in. Hopefully more. Once the stock markets pop, it will be a long recovery and that cash will come in handy. You're new. Don't get stuck holding the bag!

DontLook_Weirdo

OP you should repost this on Facebook o, or wherever the normal folk connect..because *we all know BTC wasn't hacked, we're literally not the targeted audience for this contributed article*

Javanaut018

The maths has its depths in the topic. But looking at the equivalent entropy gives hints. Best you can get at BTC would be [256bits](https://youtu.be/S9JGmA5_unY) the full key space which corresponds to 24 [well rolled](https://en.wikipedia.org/wiki/Fair_coin) seed words. Many wallet programs and devices use 12 keywords (equals 128bits) of key space which is tiny compared to 256 but still vast in practical terms. How fast a particular key space can be searched depends on the computer power to key space ratio. Each bit doubles the key space but every other year computer power will double (originally based on [Moore's Law](https://en.wikipedia.org/wiki/Moore%27s_law)). Note quite accurate but estimate roughly to loose about 1 bit of effective key space per year for the same security level. Computing power availble to attackers can only be estimated here but let's assume they have some money and can afford a beefy GPU rig that can try 1 billion wallets (private keys) per second. A 64 bit key space would then take like 600 years to be searched by 50%. Seems plenty but the collapsed Mk3 key space with about 40 bits would be done in under 20 minutes.

magniankh

I use Edge wallet but I'm still considering selling because...BTC is going nowhere right now.

Prestigious_Ear_8055

Maybe someone would donate? I am not the entire BTC community

Blockchainauditor

Let's say you are Grayscale (643,572 BTC) or Microstrategy. Do you have incentive to keep BTC going? Seems like there are enough whales with incentive to keep the value of BTC up and mining going ...

geraldisking

A $100M+ theft is not something federal law enforcement ignores. That’s well above any threshold for opening a case, and the practical ingredients are unusually good here, Galaxy has handed over \~600 attacker addresses, the majority of the stolen BTC hasn’t moved and is sitting statically on-chain, and exchanges have been flagged. Cashing out $100M in Bitcoin almost always requires touching a regulated exchange, which is where identification and freezes happen. DOJ has recovered large sums years after the fact in exactly this pattern (the 2016 Bitfinex funds were seized in 2022).

jeche25

Transaction fees will rise if there’s no more BTC to mine.

585463

Why buy the ETF if even those ETFs may not be securing the BTC safely…

XxMathematicxX

Let’s say they prove it’s theirs. Then what? You would need to hack the hacker to get them back. You can’t just move the BTC back to the wallet like reversing a bank transaction.

cryptoopotamus

An unknown hardware wallet that only redditors used getting hacked isn’t even remotely close enough to move the needle for BTC. 

NashDaypring1987

Do a mix to play it safe. I keep the BTC ETF in my Roth. I can trade without taxes or worrying too much about getting unwanted attention from the IRS. I keep the a little on Coinbase. These are the stuff I plan to sell in the mid or short term. I also do some staking (not BTC) on Coinbase. Taxes are made easier because chain of custody never left the exchange. I don't trade enough to trigger audit attention. The stuff I plan to keep forever or when all heck busts out is kept of a hardware wallet.

fan_of_hakiksexydays

News of a deal with Iran to re-open Hormuz. Markets are pumping. Oil is cratering. Giant pumps in the stock market. NASDAQ up 700 points. S&P 500 is hitting new record highs. And despite all this tail wind, BTC only mustered a mini pump from $63.6K to 64.2K. Many alts barely moved and are even down.

TexFarmer

It's all about liability; you are liable for your keys, the exchange is liable for custody, the hardware is liable for firmware code, the nodes are liable for maintaining blocks, the utility is liable for internet connection & electricity. The many benefits of BTC come with many liabilities that are out of our control. Sadly, the banksters have built a system where accountability is NOT linked to liability, so when something goes wrong, it is us, the end user, that pays the cost. There is only 1 universally accepted asset that has no 3rd party liability, and the banksters have worked hard to steer us away from it, while at the same time hoarding it. I bet all of you can guess what this asset is.

00MacDonald

Coins up until now have not been returned to bitfinex. They made their customer base good because it was only around 50M USD at the time, after BTC dumped because of the hack. They leveraged assets to pay the customers back, and BTC increase on it's own healed their accounts pretty quickly.

JKimRX

Great example of why BTC mass adoption hasn’t occurred yet. It’s not user friendly. It’s already challenging for newcomers to learn block chain, navigate exchanges, and maintain a cold wallet. The average person will not do that, or will perhaps try before getting discouraged.

Chytrik

If they’re able to successfully launder the funds without being caught, it will take time. The price right now doesn’t matter all that much, the attacker is likely more concerned with the BTC value, not the $ value.

btc500halving

Man, reading this hurt. Losing 0.7 BTC is one thing, but losing what it represented is so much worse. I really hope you get some answers, even if it can’t undo the damage.

IllllIIlIllIllllIlll

Why do you consider credit card prices as the baseline? It's more like: with checks and wires you pay the normal premium, with BTC you pay 1% more and credit card you pay 4% more. But anyway, ultimately what matters is the premium you pay over spot.

Zestyclose_Ad2462

My heart goes out to all those affected by this. They did NOTHING wrong, everything they were supposed to and still.... got vaporized. One thing missing here is this: Many of these youtube "influencers" have been pushing to invest in BTC and ONLY BTC, self-custody/cold wallets and get off exchanges. If you questioned that, you were shut down with the "not your keys, not your coins" argument. Going to need a new slogan after this. I am new to BTC and still believe in BTC, but never would I put all my eggs in one basket. Chose multiple ETF's using different custodians, then setup a cold wallet and funded it with a tiny, tiny amount. In addition to that I use a 4th exchange to keep a very small sum on. My reasoning: Blackrock, etc. employs cyber-security experts far more knowledgeable than I. The tiny expense ratio is money well spent IMO, unless you're some cyber-whiz. And no, it's not insured by FDIC/SPIC. But at least there's a chance Fidelity or whoever would make people whole, if they dropped the ball. That and the Fed can always print more $ to give to custodians/big banks (remember the great recession?) to reimburse people. Still, you can and should have low-cost index funds, gold, REIT's etc. Good rule to live by: No more than 10% in any one investment! And self-custody? It's there/built, if the world ends and I need it.

unknowngloomth

I bought BTC at 16k while everyone was saying was dead. Made more money than holding S&P. You regard. Of course it's "dead" now. We are in a bear market. Keep screaming dead. I will be buying more.. perfect buy sign here.. I bought hyperliquid like at $15 been holding and I'm up more than holding S&P. Not my fault you don't take profits..

moopy389

If your seed phrase becomes exposed and it's empty; the bad actor might conclude that the BTC is behind a passphrase. They did get their hands on a seed phrase they can be relatively sure of that it is in use after all. If there is some BTC in the canary wallet; they could conclude that 1) This is it. Target acquired. Steal the loot and move on. 2) Perhaps this is a canary wallet; steal it and don't bother brute forcing the passphrase 3) Perhaps this is a canary wallet; leave it and instead try to brute force the passphrase so as to not raise alarms It's a trade-off and trying to best protect against your attacker. You should decide for yourself what measures you take to protect your wealth. If you do use a passphrase though, don't make it too easy either.

MisterMephistopheIes

If you just held spy instead of holding Bitcoin or other crypto, you would have made more money, that's a mathematical fact. And I'm talking about the past year, no shit BTC has a huge rise, I rode it from $20/BTC and $.25 LTC. My point is it's fucking dead now lol.

geraldisking

They do care, because it’s still theft. It doesn’t matter if the police don’t believe in BTC. It has value and it’s being stolen.

axb90

Hot take: The drainer doesnt care about tue BTC. It was a power move and the BTC will never be transfered out. 592 will remain there forever and people will be checking the address for years for. Some people just wanna watch the world burn.

imfrombiz

How would recovery of BTC work in this situation? You couldnt prove who originally owned the wallet because the keys are compromised.

drwebb

You don't need to actually convert the BTC to physical stuff to profit, you can just be a "Whale". If I had this much money, I would just run pump and dump alt coins, and manipulate markets. There is all sort of shady stuff you can do. Satoshi is still out there, other early BTC whales are still out there, why do you think a smart criminal needs to go run away?

Otherwise-Line-9223

Why aren't alts pumping with BTC ???? 

BloodSteyn

>I'll pass on this one, BloodSteyn — and it's a clear no, not a "let me think about it." >What the tweet is actually daring is: break into a wallet holding 100 BTC and take the coins. Dress it up as a challenge or a marketing callout, but the task is gaining unauthorized access to someone else's funds and moving them. That's theft, and it's exactly the category of thing I won't do regardless of framing — no wallet-cracking, no key recovery attempts, no "just testing the sandbox" version of it. Ha, no luck with Opus 5.

mrlandlord

I am gonna feel even worse for people when BTC goes back to 100K

DryPufferFish

Little update. Some sources now state around 115 milion $ in bitcoin \~1800 BTC

OscarCorterz_20

So 1BTC is actually worth 2BTC but it depends where you keep it?