$93M Drained From Ledger Wallets: Is Yours Safe?

🚨 BREAKING: GOVERNMENTS ARE PULLING THE PLUG ON THE INTERNET. Here's what happened. Two critical flaws were found in PHP, the code behind roughly 70% of all websites. Amazon caught someone exploiting it 4 days BEFORE the public was warned. Cloudflare is now seeing MILLIONS of attacks. So the UK, France and Finland switched off government services. The Paris police website went dark. The foundation behind Wikipedia took its own systems offline. The NSA told every organisation: patch now or pull the plug. That's one story. From one week. Railway, a cloud platform apps run on, says customers' secret keys and passwords may have been exposed. Every deployment frozen. SBI, India's biggest bank, confirmed customer data is on the dark web. 16 South Korean banks and lenders hit. 100,000 records leaked. One Google data centre in London lost power and Revolut went down for hours. Sound familiar? 2020. Something terrifying spreads. Governments shut everything down "for your safety." You're locked out of normal life and told to wait two weeks. This week they did it to websites. What happens when it's your bank app? Your money is a number on someone else's server. If that server goes dark, so does your money. Bitcoin in your own wallet doesn't live on their server. No bank login. No data centre. Nobody to switch it off. Get your coins off exchanges. Back up your seed. Have a Plan A, B, C before you need one.

🚨 BREAKING: Central Bank of Ireland fines Coinbase's Irish unit €3.25M The penalty is for failing to properly protect customer funds, with a safeguarding shortfall of up to €5.2M in 2024. The sanctions take effect only once the High Court confirms them.

🚨 BREAKING: Chinese prosecutors move to seize over 61,800 BTC The coins are tied to an alleged $5.7B fraud by Qian Zhimin's company that drew in over 102,000 investors. Days before, a British court ruled Chinese law decides victims' claims.

Something odd is going on under this market. BlackRock just had its biggest Bitcoin day in a YEAR: $665M. Stablecoins: down $2.6B in a week. Crypto's own money is leaving. Americans owe brokers $1.48 TRILLION. Nearly 5x the dot-com peak. No leverage. DCA on the red days. 👇

📰 SpaceX and Tesla explore merger, combining 30,221 BTC Committees of independent directors at both firms are weighing a tie-up, Elon Musk said. No terms are agreed. He holds about 36% of SpaceX and 19.8% of Tesla, which keeps him off both committees.

🚨 What Tornado Cash does to the Drift exploiter's trail The wallet behind the Drift Protocol exploit has put another 24,885 ETH, worth $61.3M, into Tornado Cash, according to Lookonchain. It still holds 56,569 ETH, valued at $139.3M. More than $270M was taken in the attack. Until the coins reach a mixer, every move is public. Anyone can watch the exploiter's wallet, and exchanges can flag deposits that come from it. Tornado Cash breaks that trail. Users deposit ETH in fixed amounts into a shared pool and receive a private note. Later, the note withdraws the same amount to a new address. A cryptographic proof shows that a deposit was made, but not which one. Trackers can still see ETH going in. They lose sight of where it comes out, because any withdrawal could belong to any depositor in the pool. That is why the 56,569 ETH still in the wallet matters. While it sits there, it can be followed. Once it is mixed, it becomes much harder to recover for the people who lost funds in the Drift attack.

IS THE LARGEST MARGIN CALL IN HISTORY IS ABOUT TO HAPPEN? Americans now owe $1.48 TRILLION in margin debt. Money borrowed from their brokers to buy stocks. June set the all-time high at $1.50 trillion. September sits less than 2% below it. Now compare. Dot-com bubble peak, March 2000: $300 billion. Right before 2008, July 2007: $416 billion. Today is nearly 5x the dot-com peak. 3.6x the 2008 peak. "But inflation." Fine. Adjust for it and it's still 2.5x the dot-com peak and 2.2x 2008. "But the economy is bigger." Fine. Margin debt is now 4.5% of US GDP. In 2000 it was 3.0%. In 2007 it was 2.9%. There is no way to measure this where it looks okay. It's up 74% in 17 months. It broke its own record 12 times since January 2025. And the cash sitting in those brokerage accounts? $434 billion. The debt is more than 3x the cash. Here's what happened last time. After 2000, margin debt collapsed 55%. In 2008, it collapsed 52%. That collapse IS the margin call. Prices drop, brokers demand cash, you can't pay, they sell your stocks for you. That selling pushes prices lower. Which triggers the next margin call. Halve today's number and that's $740 billion of leverage being ripped out of the market. And when it breaks, you already know the playbook.

🚨 BREAKING: Reports say a US-Iran "breakthrough" is coming this week. Remember June? Trump: "The Deal with the Islamic Republic of Iran is now complete." Four months later: - Hormuz still choked. - Oil at $110. - And RTX just posted a RECORD $340 billion backlog. Deals get announced. Wars don't end. The weapons makers never lose.

🚨 BREAKING: BlackRock's IBIT logs its biggest daily inflow since October 2025 IBIT took in $665 million on Monday. Outflows from Fidelity's fund (FBTC, -$83.6M) and Grayscale's (GBTC, -$54.9M) left spot Bitcoin ETFs at +$526.7M net for the day.

The Fed meets on 28 October and it's trapped. Inflation: 3.7% Wholesale inflation: 6.3% Textbook answer: hike. But Washington owes $40.4 trillion. Every 1% on that is about $400 billion a year in extra interest once it rolls over. So what do they protect? Your savings, or their debt? They ALWAYS pick the debt. That's what Bitcoin is for.

Richard Heart arrested in Istanbul. $7.15M in cash, seven guns, 1,400 rounds... and SIX cold wallets. At least he got that part right. Meanwhile Bank of America gets fined $1.2B in a quarter it made $6.9B. Nobody goes to jail. One rule for them. Another for you.

The US government just paid $1.05 TRILLION in interest in one year. That's $2.9 billion a day. More than the entire military budget. 19 cents of every tax dollar, gone before a single road gets fixed. And it only goes up from here. The average rate on the debt is 3.53%. A new 10-year bond costs 5.07%. Every bond that rolls over gets more expensive. Nobody is paying this back. They'll print it back.

The 267 BTC come to about $22M. The STRC buyback was $193M, nearly nine times the bitcoin outlay. Most of the money in this update went to retiring Strategy's own securities, not to adding coins. xitter.cf/Strategy/status/211215…

🛠️ How JPM Coin works on Ethereum JPM Coin is a deposit token: each unit is a dollar on deposit at JPMorgan, recorded on Ethereum. The network is public; the token is not. Only approved counterparties can hold or receive it, so JPMorgan still decides who transacts.

One seed. One device. One company's code. If any one of them fails, there's no second line of defence. Multisig fixes that, and it's far less daunting than it sounds. Here it is in plain English 👇

🚨 Qubic pauses its network after wallets lose $1.3 million Qubic has paused its network following a drain of wallets worth $1.3 million. The project says 87.1% of the affected QU is still immobilized on-chain, and the exchange MEXC froze the account that received the remainder.