Crypto exchanges bankrupt Mt Gox, Quadriga, Voyager, Celsius, BlockFi, FTX.. DeFi solutions gone LUNA/UST.. Cold wallets hacked Coldcard.. There is NO safe solution You ALWAYS carry high risk to lose funds The only real mitigation is a return that justifies the risk taken

With all the talk on hard wallet saftey, I'll share my own experience My hardware wallet didn't get hacked. It just stopped working. Nearly cost me everything in it. I had BTC in an old Trezor, multi-sig setup. Ran a firmware update. Afterward I couldn't sign transactions anymore. The only thing that saved me was having the seed written down somewhere else. Ledger has a different failure mode. The screens on old Nanos fade over time. No readable screen means you can't enter your PIN and no access to the device. Neither of these is a hack. The hardware just stops cooperating. That's the part you don't plan for. So know that you could also be at risk of losing your Bitcoin and crypto if you have it stored in old models of Trezor or Ledger wallets. Make sure to keep your devices updated and double check that you have the seedphrase backed somewhere. I recommend multi-sig also for security.

$1.6 million dollars in Bitcoin was drained from my account on July 29th in the Cold Card wallet hack. My Bitcoin was in cold storage. My keys were on a ColdCard device kept in a safety deposit box that had never been connected to the internet. This part's nerdy, but here's what happened: Hackers discovered a vulnerability in the part of the hardware wallet code used to create seed phrases. This allowed them to use AI to brute force guessing seed phrases. I was at our cottage and heard about the hack today. "No way this affects me." I thought. I logged into Wasabi––software that lets me view my bitcoin wallets online. Right away I saw lines of red transaction–withdrawals–and I knew. From 9:36pm - 9:43pm on July 29th, every wallet I had had been emptied. 18.25245043 btc gone. That's just over $1.6 million dollars CAD. Perhaps the hardest part about this is that I did everything right. I never shared my seed phrase with anybody. My devices never touched the internet. Everything was kept in multiple safes and safety deposit boxes. None of it mattered. All because the hardware that created the seed phrase originally had one line in their code from 2021 that had a vulnerability. I'm filing a police report and a report with the Ontario Securities Commission. But I don't expect to recoup anything. A part of me is trying to make sense of what just happened. Or try to figure out a lesson in it. I'm struggling. $1.6 million is a staggering amount of money to have stolen. I guess all that I can think about right now is that I'm so damn happy that I'm an entrepreneur and that my earning potential is under my control. Mark my damn words. I'll recover.

🚨 OMG. Up to 80,000 THOUSAND African migrants are estimated to have crossed from Morocco into Spain today, with the hourly flow possibly 12,000 per hour Pedro Sanchez INVITED THIS by granting 1 million amnesty and opening the borders to more This is why you can NEVER let socialist leftists take over your country. Spain is on the verge of being too far gone to ever come back. h/t @visegrad24