PSA 🚨 Google is currently selling its top sponsored ad slot for "Trezor wallet" searches to a phishing site, not Trezor. At least one user reports losing his life savings after typing his recovery seed into it. Google took payment for the ad space. The scammer took his Bitcoin. Trezor has confirmed it and is fighting for a takedown. Google's ad review somehow missed a wallet drainer buying a paid placement above the real company's own website. Never type your seed phrase into any website, ever. Bookmark your wallet's official site instead of Googling it, sponsored slots get bought by scammers and Google keeps cashing the check.

Zach Herbert breaks down what really happened with the Coldcard Bitcoin wallet vulnerability — and how it was introduced:

Boomers that had Bitcoin on exchanges bc they couldn't figure out hardware wallets

A Coldcard co-founder maintained the code behind the wallet's random number generator under a pseudonym for five years. Nobody flagged it because nobody knew it was him. $116 million and 5,200 wallets later, Rustin walks the timeline and hands you the receipts.

Following the recent Coldcard incident, Nick Neuman, CEO of @Casa explains how Bitcoiners can build a more resilient self-custody setup by eliminating single points of failure: "I think that there's still a lot of potential for self-custody for the future of humanity." "People really need to shift their mindset when they are self-custodying their assets. You need to figure out a setup where multiple different providers, companies, security experts, are acting as a check on each other. And if one of them fails, your whole setup doesn't fail."

If you got rid of your Coldcard, you might want to do the same with your BlockClock.

Over $100 million drained from Coldcard wallets. A Treasury adviser resigns days before the biggest crypto bill in a decade. Trump Media quietly sells $165 million in Bitcoin. Jim Cramer dumps his over a quantum scare that's still years away. Dante lays all four side by side and asks the question nobody else is asking. What if none of it is a coincidence.

Bitcoin 🟠

"Bitcoin is built on cryptography... the math didn't break. It was just the coldcard's math was faulty... don't give up on self custody as a concept." "Bitcoin lost over exchange hacks or failures is way more than in this coldcard issue... these exchanges might have better security than you can do yourself theoretically, but then you're putting all your trust in the third party and that's giving up on almost the entire value proposition of Bitcoin." @Luke de Wolf

Multisig Bitcoin cold storage will be the standard going forward.

Japan just deployed nearly $60 billion to defend the yen at a 40-year low. The US backed the move, selling euros to buy yen. Why does Washington care this much? Japan holds over $1 trillion in US Treasuries. Dante traces the line to America's own $40 trillion debt problem.

"The central bank's job is to regulate the speed of that reset so that you don't notice it or you've learned to accept it. Because the reality is, historically, inflation is not a monetary phenomenon... It is a fiat government debt-based phenomenon." "Bitcoin being born in January of 2009 and quantitative easing being born in March of 2009, I don't think that's a coincidence... And that is a Trojan horse." - Lynette Zang

If you're on a Coldcard, single-sig especially, and didn't bring your own seed or use 100+ dice rolls, this is not a drill. Can't say for certain which you did? Move your funds now to a safer location, even temporarily. Rustin's advice: don't panic, but don't wait.

URGENT: If you own a Coldcard, read this now. A firmware bug traced to 2021 has drained well over 1,000 Bitcoin, and Dante's tracking the number as it climbs, with reports still coming in. Affected: MK3, reportedly MK4, Q, MK5. Migrate if you used on device RNG.

Anthony Fauci pleaded the Fifth Amendment 111 times this week, even with a pardon already covering everything he could say. The same week, the 30-year Treasury yield hit its highest level since 2007. Hurley connects what got hidden about the money to the virus.

JASON HUGHES: "Mining is still quite centralized. That is one of the biggest risks to Bitcoin as a whole is the mining centralization." "We should never have that dynamic where the censorship resistance aspect of Bitcoin is threatened by just a couple of entities. It should never even be possible for a state actor or a handful of people to have that kind of control." "The closest you can be to the network is to mine your own blocks, self-custody your own Bitcoin and that's the way it should be with a fully decentralized network. And there's not enough of that still." @OCEAN

An Atlanta man returns from vacation. Customs pulls him aside over a protest group, demands his phone, no warrant. He gives them his passcode, a GrapheneOS duress PIN, and the phone wipes itself. He now faces 5 years for how his phone was designed.

MICHAEL SAYLOR: "Bitcoin's core design is set in stone. Protocol changes should be rare, conservative, driven by necessity, not ambition. Don't fix what isn't broken." Sophi points to a live fight inside Bitcoin about how much it should even change.

LAWRENCE LEPARD: "If Bitcoin goes to zero, fine... There's no way I'm abandoning this movement because I believe the movement's more than just about making money. The movement's about fixing the goddamn money, which is really broken and has ruined our world." "If you see something that you know will make the world a better place, it's incumbent upon all of us to try and convince our neighbors. Because this is how good ideas spread." @Lawrence Lepard

NOLAN BAUERLE: "They completely removed accountability from the political system... they put the bureaucracy between the people and the government. The people have to deal with the bureaucracy, which is really what grew from Fiat, not the government."