# COIN BASED: BRCA, Liquid Hack, Red Team Update

Page: https://stenobird.com/podcast/live-at-pubkey-nyc-6710644/coin-based-brca-liquid-hack-red-team-update
Text version: https://stenobird.com/podcast/live-at-pubkey-nyc-6710644/coin-based-brca-liquid-hack-red-team-update.md
Podcast: [Live at PubKey NYC](https://stenobird.com/podcast/live-at-pubkey-nyc-6710644)
Published: 2026-09-21T18:31:55+00:00
Episode link: https://podcasters.spotify.com/pod/show/pubkey-media-house/episodes/COIN-BASED-BRCA--Liquid-Hack--Red-Team-Update-e3p6jmg
Audio file: https://anchor.fm/s/ed4a14e0/podcast/play/126094480/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-8-21%2F432376468-44100-2-2eb285da054d1.m4a
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JSON: https://stenobird.com/v1/public/podcasts/live-at-pubkey-nyc-6710644/episodes/coin-based-brca-liquid-hack-red-team-update
Duration seconds: 6877

## Resource

The Coin Based boys are back for another emergency broadcast—this time, officially brought to you by Anchorwatch . Host Thomas Pacchia sits down with arbedout , Alex Thorn , and Rob Hamilton to make sense of current Bitcoin discourse. They cover how much was really stolen from Coldcard and who's still at risk, how a bug let someone mint bitcoin out of thin air on Liquid, whether the person draining it is a "white hat" or an extortionist, and why the CLARITY Act died at the last minute in Washington. 0:00 INTRO: An emergency broadcast on Coldcard, Liquid & Clarity 2:11 Coldcard update: 1,807 bitcoin gone, and the victims left behind 9:29 Is any single hardware wallet safe now? 13:33 Did Coinkite's arrogance make it worse? 17:13 How the attacker actually cracked the wallets 24:52 Could the same bug hit other wallets? (and the Bitfinex parallel) 28:07 Is this the end of the toxic Bitcoin maximalist era? 35:33 Is open source making Bitcoin an easier target? 44:23 How AI supercharged the Red Team's bug hunting 48:22 The Liquid hack: how someone minted bitcoin from thin air 53:22 Who pays for the Liquid hack — and can you prove the coins were yours? 56:22 Is the Liquid hacker a "white hat" or an extortionist? 1:13:06 Why people are furious at Blockstream's response 1:19:17 Should frontier AI models be restricted? 1:22:01 Is Bitcoin's core crypto library secretly backdoored? 1:26:48 What killed the CLARITY Act? 1:36:13 "We pay for this": Thomas on Washington dysfunction 1:39:45 What the BRCA was actually trying to protect 1:44:32 Is quantum computing a real threat to Bitcoin? 1:51:06 How crypto out-lobbied the banks 1:53:44 CONCLUSION: a brutal week, and what comes next ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Welcome home. PubKey is a bar and cultural venue lo…

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