WORLD U20 RECORD!!!🤯
The US 🇺🇸 men's 4x100m quartet of Blake Hamilton, Dillon Mitchell, Kyler Brown & Tate Taylor break the U20 World Record win GOLD at the World U20 Championships in 38.16s!
$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.
Warner Bros lost $50 million on Tenet. Then they made a decision that has sent $1.2 billion to their rival Universal so far.
Tenet came out in September 2020, mid-pandemic. It made $365M on a $200M budget. Not enough.
Warner Bros panicked. Three months later they announced every 2021 movie would go straight to HBO Max the same day it hit theaters. They didn't warn a single director.
Christopher Nolan had made them The Dark Knight, Inception, and Interstellar over 20 years. He said filmmakers went to bed working for the greatest studio and woke up working for "the worst streaming service."
Then he took his next movie shopping. His asking price was simple. Pay for the film, promise it plays in theaters only, and give me 20% of every ticket.
Universal said yes. That movie was Oppenheimer. $976 million. Best Picture.
Warner Bros begged him to come back. He said no. His new film The Odyssey just opened to $264 million, the biggest debut of his career.
The cheapest thing Warner Bros ever lost was $50 million.
Which means if you made $80,000 in 2020, you need to make $110-115k today just to maintain the exact same lifestyle… don’t let anyone convince it’s ok to take your foot off the gas.