Bitcoin Didn't Break. The $320M Shortcut Built on Top of It Did.
Bitcoin Well PodcastLiquid, the Blockstream sidechain built to give Bitcoin users faster and more private transactions, hit a consensus split this week and "white hat hackers" pulled $320 million out of it. Bitcoin itself never went down. The layer built on top of it did.
Rob from Bitcoin News joins us to go deep on what actually happened with Liquid and why this keeps being the pattern: the same week, the ColdCard attacker moved 45 percent of previously stolen funds in a third wave, and Orionx, a Tether-backed Chilean exchange, shut down after an audit found $7 million in customer funds missing, leaving 100,000 users without refunds. We also get into the real debate of the week: Coinbase's new Bitcoin-backed mortgage product with Better Home & Finance, and whether that's genuine adoption or just Bitcoin becoming collateral for the same debt trap it was supposed to be an exit from. Plus the IMF quietly confirming El Salvador's Bitcoin strategy survived four years of pressure intact, AMC's CEO calling Robinhood's tokenized stock "contemptible," and what's actually at stake in the CLARITY Act's September 15 Senate vote.
Sign up for Bitcoin Well: https://bitcoinwell.com/signup
Learn about Bitcoin Well Infinite: http://bitcoinwell.com/infinite
Follow Rob Wallace on X and YouTube:
https://www.youtube.com/channel/UCyfFeU73MF9uC5mA6lTS0FA
Subscribe to Bitcoin Well for bitcoin news, market analysis, and how to buy, sell, and use bitcoin.
Bitcoin Well is Canada's non-custodial bitcoin company, established in 2013 and publicly traded since 2021 ($BTCW.V). We offer Bitcoin ATMs, personal bitcoin services, and an online bitcoin platform.
Future-proof your money.