Bitcoin Maxi

🚨 BREAKING: BTCPAY SERVER WARNS OF ACTIVE HOT WALLET ATTACKS BTCPay Server says it is receiving reports of attackers draining funds from hot wallets. Operators are urged to immediately shut down their instances using ./btcpay-down.sh while the team investigates the security incident. The cause and extent of the attacks remain unknown.

UPDATE: BTCPay Server says the attack targets instances running version 2.4.1 or older, and it has no credible reports of hot wallet drains on the latest 2.4.7 release. @BtcpayServer

ELECTRUM BITCOIN WALLET CONFIRMS CRITICAL SECURITY VULNERABILITY EXPLOITED IN THE WILD Electrum has disclosed a high-severity vulnerability allowing malicious servers to trick users into sending Bitcoin to an attacker when increasing a transaction fee. The attack works by intercepting a broadcast transaction and replacing it in the wallet’s history with a fake transaction redirecting funds to an attacker-controlled address. If the user attempts to increase the fee using Replace-by-Fee (RBF), Electrum can sign the malicious transaction, sending the Bitcoin to the attacker. Electrum confirmed two reported incidents, including one user who lost funds. Attackers even generated addresses matching the last four characters of the intended recipient’s address. The vulnerability affects versions before 4.8.3 and has been patched in the latest release. Users are urged to update immediately and verify all destination addresses and amounts before signing transactions.

BITCOIN’S PRICE IS LIKE THE EVENT HORIZON OF A BLACK HOLE 🕳️ A new animation by @sminston_with illustrates how Bitcoin’s power-law price model could eventually make accumulating 1 BTC mathematically impossible for investors buying a fixed dollar amount each month. Under the model, the minimum monthly investment needed to eventually accumulate 1 BTC is: 🟠 Today: $3,089/month 🟠 In 2 years: $5,071/month 🟠 In 4 years: $7,934/month 🟠 In 6 years: $11,935/month The takeaway is that the longer you wait, the harder it becomes to accumulate 1 BTC.