Coinkite's Coldcard firmware skipped its hardware random number generator, letting attackers brute-force seeds and drain over $100 million in bitcoin. Liquid's later $320 million drain adds node software to the code a bitcoin holder has to trust.
Reality
- Evidence38
- Adoption
- Insufficient
- Hype gap+30
- Incentives
- Insufficient
- Confidence42
Adam Back's 7.6 million euro tranche took him to 17.64% of the ordinary shares, and the placement it sat in priced above Capital B's own at-the-market print, a premium more typical of ordinary financing than of discounted rescue money.
Reality
- Evidence68
- Adoption30
- Hype gap+40
- Incentives62
- Confidence64
The withdrawal cleared every control the Liquid Federation actually operates, which is why an 11-of-15 quorum released the bitcoin in 23 minutes. Recovery now depends on whoever holds the coins answering an email address.
Reality
- Evidence62
- Adoption
- Insufficient
- Hype gap+20
- Incentives55
- Confidence55
The attackers who drained 4,000 BTC from Liquid handed back 3,400 after the patch and kept 598.5. Blockstream puts about $47 million on that hold and says it will trace the coins instead of paying.
Perspective Coverage
10 publishers
- Builder
- Builder 29%
- Operator
- Operator 39%
- Investor
- Investor 32%
Reality
- Evidence72
- Adoption
- Insufficient
- Hype gap+12
- Incentives58
- Confidence68
The 5% comes from one dev.to post's worked example, and it holds only if an attacker's hit rate against your login is near 0.3% and a stolen account resells near $20. At a 0.03% hit rate the same bill is half of revenue.
Reality
- Evidence22
- Adoption
- Insufficient
- Hype gap+52
- Incentives58
- Confidence30
A Paris-listed company holding 3,521 coins says it wants one per cent of all Bitcoin, and the distance between those two numbers is the story the Euronext turnover ranking is being asked to carry.
Reality
- Evidence30
- Adoption36
- Hype gap+55
- Incentives70
- Confidence38
Buyers in Japan, France, the UK and Dallas all added bitcoin in the same week; the Singapore name in the group sold its whole stack this year to repay $8.5m of debt, which is what a forced seller looks like.
Reality
- Evidence48
- Adoption63
- Hype gap+37
- Incentives72
- Confidence52
Blockstream opened a beta of its atomic swap service a week after Boltz went dark. General availability has no date, and wallet teams are the ones carrying that gap.
Reality
- Evidence44
- Adoption19
- Hype gap+27
- Incentives68
- Confidence52