Nation states, including the one that prints the global reserve currency, have realized Bitcoin is not going away.
Those who hadn't figured it out did so the moment Iran offered to let ships pass in the Strait of Hormuz for Bitcoin.
Now, the #ledger hack.
... First please... A moment of silence for a great company that was a first mover in Bitcoin hardware signers.
The coordination, money, and design needed to pull off this hack point to a very powerful group... not a single hacker or a small group of nerds.
People are speculating why a nation state would attack Bitcoin in this way.
The first thought is that they want to damage Bitcoin's reputation or hurt its users, but that doesn't make sense. There are better ways to achieve that. This is about getting the coins.
The United States has brazenly embraced building its reserve in this asset by stealing it from whoever they can. And they aren't the only ones.
This is the most likely motivation for what we're seeing.
Who did it? It may not be a country; it could be a very powerful group of people. Either way, the complexity of this attack closes the door on simpler explanations.
We are in an interesting moment. Powerful actors aren't attacking the protocol itself (that would be too hard... Hopefully) but everything around it: the layer twos, the hardware, and so on.
We live in the most interesting times. God bless us.
#ledger #hack
M0053 / ¡M0053!
npub1qk…x9qas
2026-10-13 15:41:10 UTC
Author Public Key
npub1qktjyk0vdqlfss7wztawdnka5phx2p3vlvq50x0z402jk2fjhtnqlx9qasPublished at
2026-10-13 15:41:10 UTCEvent JSON
{
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"pubkey": "05972259ec683e9843ce12fae6cedda06e65062cfb014799e2abd52b2932bae6",
"created_at": 1791906070,
"kind": 1,
"tags": [
[
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"ledger"
],
[
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[
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"Amethyst"
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],
"content": "Nation states, including the one that prints the global reserve currency, have realized Bitcoin is not going away.\n\nThose who hadn't figured it out did so the moment Iran offered to let ships pass in the Strait of Hormuz for Bitcoin.\n\nNow, the #ledger hack.\n\n... First please... A moment of silence for a great company that was a first mover in Bitcoin hardware signers.\n\nThe coordination, money, and design needed to pull off this hack point to a very powerful group... not a single hacker or a small group of nerds.\n\nPeople are speculating why a nation state would attack Bitcoin in this way.\n\nThe first thought is that they want to damage Bitcoin's reputation or hurt its users, but that doesn't make sense. There are better ways to achieve that. This is about getting the coins.\n\nThe United States has brazenly embraced building its reserve in this asset by stealing it from whoever they can. And they aren't the only ones.\n\nThis is the most likely motivation for what we're seeing.\n\nWho did it? It may not be a country; it could be a very powerful group of people. Either way, the complexity of this attack closes the door on simpler explanations.\n\nWe are in an interesting moment. Powerful actors aren't attacking the protocol itself (that would be too hard... Hopefully) but everything around it: the layer twos, the hardware, and so on.\n\nWe live in the most interesting times. God bless us.\n\n#ledger #hack",
"sig": "b68caef1559a420e1b2f1b8723f8190c86bccd8ebb2d89049cd63e25019800bed32541646e2163865bb2fb6a39d171d5dc255f4dca6877bc64f929e7d2507b41"
}