$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.
Another thing
Sell on the way up on memes
Trust me
Memecoins is not about extracting your max PNL
You never will
It’s only about- do you improve your life?
Because most people put themselves into a hole betting on this stuff
If you even just buy a simple car
While other people lose 90% and cry
You have done better pulling out $50k
Than a guy who was up $4M and now won’t sell when his bag is worth $200k
The end result is
That guy has done nothing to improve his life
He only tortures himself with a $200k position he has left that he refuses to ever sell bc it was “once worth $4M”
If you improve your life from a memecoin
You are gonna be the 5% of people that actually make their life better
And that’s what matters
Don’t worry about getting the max pnl
Focus on making your life better
You will never regret making your life better
Even if it “could’ve been 50x better if I held”
Bc there are more stories about people who regret never selling
Than people who regret improving their life even tho something went onto 100x after
KEEP A MOONBAG and you won’t feel bad either way
Moonbagging 25% of your position
Means on a 100x move AFTER exiting 75% of your position to improve your life
You still gonna make 25 more X’s
You gonna be good
Improve your life plus keep 25 X’s
Better to complain about how you missed 75x’s but improved your life
Than to be the guy who tortured yourself with a paper position that does nothing fo your life besides worry you and be a “what if” in your mind for the next 5 years
@Mogging_Bro@nobodysausage Sad state tbh. I am glad I sold. But I am eager to buy back in. Because If kael can take over then I believe it will be good for the coin.
@BrocclesYt@Masterchiefin21 Exactly. Who the actual fuck would still want to take out a disc and insert it into the PS everytime you want to play another game. . Fuck off you people are stupid 🤣🤣
Solana onchain has taken a beating over these last few weeks from the Ansem launch to RH chain taking liquidity
Scooping more solana:BCdwQBAn8dYB5YjTsoB6TdHAWokxv28k2oZUodERpump at these levels is a no brainer play imo
Teams been cooking hard - wouldn’t be surprised to see us 10-20x from these levels by EOY