Hacker Steals $320M of Blockstream's BTC | Bitcoin Banter

A self-proclaimed white hat hacker exploited Blockstream's Liquid Network, minting fake LBTC and draining nearly 4,000 Bitcoin worth around $320M. The funds were held on-chain during public negotiations conducted through blockchain messages, with 85% eventually returned and around 600 BTC kept as a claimed 'consultancy fee'.

This breakdown explains how the Liquid hack happened, what it reveals about federated sidechains, custodial risk, and Bitcoin security. We also cover UK mandatory phone surveillance and digital ID proposals, arrests for communications offenses, rising Europe-Russia tensions, LG TV privacy concerns, plus our Donkeys of the Week, who are offering the opportunity to own a brand new meme coin and pair of Strategy-branded shoes.

—------------------------

🔑 Learn how to take 100% self-custody of your Bitcoin: https://www.thebitcoinway.com/services/bitcoin-self-custody-training?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=desc

📖 Interested in a Plan B? Download our FREE Panama 🇵🇦 Residency Guide here: https://www.thebitcoinway.com/services/plan-b-residency-programs?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=video-desc

📞 Schedule a FREE call: https://www.thebitcoinway.com/contact?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=desc

📖 Subscribe to our newsletter: https://www.thebitcoinway.com/resources/newsletter?utm_source=tbw&utm_medium=fountain&utm_campaign=bitcoin-banter&utm_content=desc

—------------------------

⏱️ TIMESTAMPS:

00:00 - Liquid Network hack: $320M fake LBTC minted, Bitcoin drained

07:47 - UK phone surveillance & mandatory digital ID

14:25 - Germany, Russia tension & war threats

19:25 - LG TV privacy: what is your smart TV recording?

23:38 - Donkey of the week - Hunter Biden meme coin

26:05 - Strategy-themed Jordans!

—------------------------

🎧 LISTEN TO OUR POD & OTHER EPISODES:

YouTube: https://www.youtube.com/@TheBitcoinWay

Rumble: https://rumble.com/user/thebitcoinway

RSS: https://feeds.buzzsprout.com/2334006.rss

🎙ABOUT OUR SHOW:

On Bitcoin Banter, Michael and members of The Bitcoin Way team discuss current events related to Bitcoin, macroeconomics, finance, politics, and more.

Follow Michael on: https://x.com/theothermjordan

Follow Tony on: https://x.com/V4BTC

Follow Katie on YouTube: https://www.youtube.com/@bitcoinkatie

🔗CONNECT WITH US:

X: https://twitter.com/thebitcoinway_

N: npub1lrj3lsskez59qu68v5fpnur7ythe7s5e4qcelclha6t6r9q5pqgsl2m

LI: https://www.linkedin.com/company/thebitcoinway/

IG: https://www.instagram.com/thebitcoinway_

TT: https://www.tiktok.com/@thebitcoinway

🗞️: https://www.thebitcoinway.com/resources/newsletter

❗DISCLAIMER:

This show is for entertainment purposes only. Before making any financial or legal decisions, consult a professional.