$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.
1/2
Seven Questions Were Asked:
“Why is it that the word communism makes you immediately think of Soviet gulags, but when someone says capitalism, you don’t think of Abu Ghraib or Guantanamo, or the fact that the United States maintains the largest prison-industrial complex in human history and incarcerates more people than any country on Earth?
Why is it that you just know that the people of the DPRK are definitely brainwashed, but simultaneously ignore all of the publicly available CIA documents admitting to funding psychological operations and media campaigns to ideologically condition their own citizens?
Why does the mere mention of communism make you think famine, but when you're presented with the 18 million intentionally starved in India under British rule and a third of the Irish population wiped out by the same people, there is no mention of capitalism?
Why do you believe that communism crushes dissenting voices, but haven’t even heard of Germany's suppression of the Herero and Nama people’s rebellion in Namibia that wiped out 70% and 50% of their populations and forced the rest into concentration camps, or the hundreds of thousands of Kenyans murdered and tortured in the British suppression of the Mau Mau rebellion, or the three million Indonesians slaughtered by the CIA-backed Suharto in the name of eradicating evil communism?
Why is it that you can pinpoint Mao as a murderous leader in history, but you never think about King Leopold slaughtering and torturing 15 million Congolese, having their limbs severed, all for rubber quotas, or that, under Nixon, Laos became the most bombed country in history?
Why is it that you can say communism killed 100 million as though it is fact, but when you're confronted with the reality that the genocide of the Indigenous people of Turtle Island alone exceeds 140 million, you refuse to attribute it to capitalism?
Why is it that you can recite these alleged crimes of communism without any investigation but with so much conviction, and yet none of the millions of verified atrocities over hundreds of years ever get laid at the feet of capitalism?
@YoungInvestor03 Retirement Annuity guidance:
Best Retirement Annuity platform for a "Set and forget" BEGINNER investor, and what do we invest in, are ETF's still the way to go?
I started taking investing seriously in high school
I haven’t stopped since
Every month I invest at least 20% of my income
At 22 I hit R100k. I’m 23 now at R124k with no plan to slow down 📈
(and yeah, down 4% this month, it doesn’t matter in the long term)
Investing has changed my life 😄
@YoungInvestor03 Now the big question, where to open it? We know Fees are a Major factor when deciding. So please help in deciding which is the best platform for "Set and forget " investors like me. And what to invest in, are ETF's still the way to go?
Funny how they’re never this visible.
GBV - MIA.
Human trafficking - MIA.
Hijacked buildings - MIA.
Crime & gangs - MIA.
Border control - MIA.
Corruption - MIA.
Drugs - MIA.
Student protests - full force.
Peaceful protests - full force.
Service delivery protests - full force.
Any form of holding the government accountable - full force.
Kude phambili
When the dust settles on #June30 it won't be the marchers who benefit it'll be the big corporates. Small foreign-run shops vanish, big chains absorb the gap, and consolidation quietly hands more market power to the same conglomerates always wins.
#mabahambe
mokoena
Zimbabwe
Once Bitcoin stabilizes over $80,000, many people on the sidelines are going to start questioning the 4-year cycle and whether the low is already in.
Plenty will begin to buy back in, driving the price closer to $90,000, and then a reflexive surge takes us back to $100,000.
From there, it's game on again.
True cycle peak sometime in 2027.
Cyan deactivated her social accounts, Leleti Nkosi closed her comment section on TikTok, and Mawhoo deleted some of her posts, Sithelo Shozi made her TikTok account private. I’m here for these baddies downfall marn, bonke futhi. What goes up,must come down!!!!!
I’m experiencing abuse of power .
How can my 16 years of hard work be taken off the music platforms , ke lenyatšo blind , just because I’m not signed under any major label then my work gets erased like I’m some kid from Mashibiring with no backup or knowledge 😑.
Sorry to everyone who streams & buys my music, I’m gonna do all I can to reinstate my work