Antidote, The Bitcoin Accelerator Hub In London - Ben Cousens - #622

hello everybody and welcome to this episode of the once bitten podcast more drama in this cycle at time of recording we are three or four days after the liquid hack when I recorded this podcast with Ben that had not happened at that moment and it's getting released today so just a quick word on that I don't know where to begin.

I've pretty much gone back to total basics, taken everything that I thought I knew about Bitcoin and the people I knew within Bitcoin, taken that off the table.

Everything's back to absolutely nothing.

self-custody obviously is still very very important should be number one on your list but of course we've had problems there as well with the awful cold card hack and we've had attempts now phishing attempts that are going around with some other companies namely trezor and bitbox that were using a third-party provider to handle their newsletter distribution it seems that emails were stolen via you know it could have been any third party that there's probably handfuls out there that you can use to uh to set up blog releases and newsletter updates and a group of people have control of that email list and um are now fishing around trying to get you to plug in your device and make some kind of firmware upgrade and input your seed words and then all of your bitcoin will be swept whatever hardware wallet setup you have stay close to the official comms and even then even then sit on your hands just for like a couple of hours just digest what's being said try and figure out talk to other people get as close to the company as you possibly can you could even dm the ceo half the time uh make sure you're following the ceo of the uh the device that you are using and make sure that um their comms are clear and up to date before you do absolutely anything, because it's just crazy out there at the moment.

And there was this awful hack as well with LB Hub recently.

We're in a new paradigm, it would seem.

And AI, yes, it's a great tool, but it's a tool, and bad people will use tools to their advantage.

It's the classic, you know, you can use a hammer to nail in a nail.

to hammer in a nail, excuse me, or bat someone over the head with it and steal their shit.

AI you can use to, like, make a cute picture of a cat or compile all of the cat videos ever found on the internet.

Or use it to, like, find bugs in code of companies that aren't paying attention and, quite frankly, should be right now.

Like, the Liquid thing is just insane.

Blockstream, what the hell? Adam, where's the comms? Like this is unacceptable.

Like 4,000 Bitcoin, rugged.

It's just, I'm speechless.

And now the Bitcoin treasury companies are falling over.

Finally, because that was always, always a grift.

They offered no goods or services into the marketplace, zero.

They were selling you shares and buying Bitcoin with your money.

It's insane.

And then the financial engineering on top of that, so Metaplanet have started falling over and there'll be more.

there will be more it's just back to basics um if you're following what's going on on the other chain the blake 2b chain uh they are there's exchanges now that have listed them under the ticker it would seem xbt Again, be aware of phishing attempts from your wallet providers.

You might get a phishing email that says, if you want to claim your coins, make sure you click this link, and then make sure you input your seed phrase so we can match the amount of coins, and then boom, it's gone.

It will be swept.

So please take everything very, very slowly.