#Bitcoin | I don't make the rules 🔮

Got any plans today? Me:

$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.

This is the verified update from the Flow Foundation. INCIDENT CONFIRMED On December 27, 2025, an attacker exploited a vulnerability in Flow's execution layer and moved approximately $3.9M in assets off-network before validators executed a coordinated halt. Critically, this exploit did not access existing user balances. All user deposits remain intact. The Foundation's security team has mapped the exit path. Current status: CONFIRMED FUNDS EXITED TO DATE: ~$3.9M → Primarily routed through bridges (Celer, Debridge, Relay, Stargate) → Attacker wallet identified and flagged → Active laundering via Thorchain/Chainflip being tracked in real-time → Freeze requests submitted to Circle, Tether, and major exchanges → Forensic analysis ongoing CONTAINMENT: Complete → Network halt severed all exit paths → No further unauthorized activity possible → Remediation in progress The confirmed funds exited represent a manageable amount that does not threaten network solvency or user funds. The immediate priority is remediation and safe restart. RESTART TIMELINE The protocol fix has been developed and is entering final validation. → Target restart: Within 4-6 hours, pending successful testnet validation → Next status update: Within 2 hours → Full technical post-mortem: Within 72 hours The network will not be restarted until the fix has been fully validated. The Foundation will provide updates every 2 hours until restart is complete. @FindLabs is publishing the Foundation's forensic data below, including transaction hashes and the attacker's Ethereum wallet. The Foundation thanks the community for its patience during the investigation.

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