The BRCA news. The Liquid hack. An update from Bitcoin Red Team. All this (and more!) in tonight's Coin Based, brought to you by @AnchorWatch. Featuring... @Rob1Ham @intangiblecoins @arbedout @tpacchia Click below to watch the stream.

📍 PUBKEY NYC: Public service announcement that if you "generated your seed on a Coldcard... the seed is STILL COMPROMISED." @darosior "This is still ongoing and there are still going to be people who lose funds into next week, next month... ...because they used a little more complicated passphrase that the attackers hadn't ground out yet [but will]." @TheBlueMatt

Can permissionless building earn public trust? @MartyBent and @GideonOPowell discuss live from @PubKey DC tonight at 6:30 PM ET. Watch the livestream here on X or on YouTube:

📍 PUBKEY NYC: Bitcoin has been "spared quite a bit in that it took this long before any major Bitcoin things got hacked." But hacks like the Coldcard exploit "aren't new to the security industry. Bitcoin, frankly, has just been lucky." @TheBlueMatt

📍 PUBKEY NYC: "This is not NOT unique to Coinkite that they might make that mistake..." "...but the responsibility they have is to get as many eyes on this as they can. And they didn't." @TheBlueMatt

Yesterday I began fully integrating the @OpenAI trust cyber program into my Bitcoin Red Team efforts. This morning I woke up to see this. I am now being blocked from doing additional analysis on a codebase which I've already responsibly disclosed to, and have received confirmation had legitimate findings. To be clear, this is after having already KYC'd and completed the onboarding process months ago to use the cyber capabilities OpenAI has to offer. I am now prevented from being able to continue the investigation in a further effort to make sure their code changes are sufficient, as well as understand if there are other issues that have yet to be discovered. It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source models to conduct my research to protect Bitcoin infrastructure. Black hats will not hit these issues. The white hats will. We've hit a local minima in policy. Intelligence is unrestricted for those who don't follow rules, and those who engadge in harm reduction are left on the sidelines. What are we doing in this country? How is this keeping people safe? Please do something @DavidSacks @sama @realDonaldTrump

The 1946 Howey test is used to determine whether a transaction qualifies as an "investment contract" and is therefore subject to federal securities laws. During the Liberty Pub event at @PubKey DC, @SECPaulSAtkins joined @tpacchia and @MattKibbe to explain how the test was previously being misapplied to cryptocurrencies.

"The most cinematic moment occurred when @tpacchia said he wanted to build a memorial to Coldcard... a man threw his onto the stage. It was covered in bubble wrap, but the message was: he was done with it." Thanks for stopping by, @Bloomberg.

There is a critical vulnerability being actively exploited on BTCPay Server, which can result in the loss of funds. Please update your BTCPayServer to 2.4.2 by going to Admin Dashboard -> Server -> Maintenance -> Update & verify the 2.4.2 version string in the footer. If you are unable to update right away, turn off your BTCPay Server to prevent unauthorized access until you can update.

The Coldcard situation is devastating. But we are hosting an EMERGENCY PANEL to regroup, have a beer, and emerge with clearer heads. Join us for this week's Coin Based (our live Bitcoin discussion series) featuring: @TheBlueMatt @darosior ...and more to come! RSVP below.