Mining Pool Wallet Bankruptcy: The $173M Numbers
A mining pool's branded wallet froze withdrawals in 2022. By 2026 that freeze was a Chapter 11 filing. The numbers behind what a balance actually was.
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A mining pool's branded wallet froze withdrawals in 2022. By 2026 that freeze was a Chapter 11 filing. The numbers behind what a balance actually was.
Nexus Dev ·
Pirate Chain minted 39.8M ARRR in a bug, announced a rollback, then reversed course. What happened, and why unverifiable accounting is the real risk.
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Babylon asked Aave's DAO to accept native Bitcoin as loan collateral with no bridge and no custodian. Here is exactly how the vault would hold your BTC.
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A wallet that received 4,582 BTC nine days before the March 2020 crash just moved $378 million. Here is what the on-chain record actually shows.
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A government-linked wallet moved 12,267 BTC from the 2016 Bitfinex hack after years in custody. Here is what the numbers show about control.
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iVerify found iPhone spyware that scans for crypto wallet apps and pulls wallet data every 15 seconds. Here is the walkthrough to check and close it.
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Coldcard's own X account posted a phishing link on October 11. What happened, and what it changes about trusting official posts.
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Ledger confirmed a hardware implant in one device tied to an $86M+ reseller case. What that does, and does not, mean for your own bitcoin security.
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The largest Bitcoin mining pool just sold its last reserve coins and its CEO is exiting. What a pool's balance has to do with your own mining payout.
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Iran's tanker attacks pushed oil past $101 a barrel and rattled Bitcoin. Here's what rising energy costs actually do, and don't do, to mining economics and odds.
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CertiK counted $1.26 billion lost to crypto hacks in Q3 2026, up 53.9% on Q2. Here is what the numbers show about custodial risk for miners.
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Bitfortun's published BS-1 firmware still adds 400 GH/s to the number on its screen. Here is how to check your rig's real hashrate against your pool's record.
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Mining transparency means checking custody, share records, and block handling before you point a miner at a pool. Here is how proof looks in practice.
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Duelbits went offline after a $7M hot-wallet hack. Run this checklist on every platform holding your crypto, including a mining pool.
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Mining variance management guide for solo miners. Set honest expectations, track work, limit failures, and verify where any block reward lands on-chain.
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BTCB2 just locked mined coins for 45 days starting today. Here's the math behind that rule, and what it actually means for BTC, LTC, DOGE, and BCH miners.
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Texas halted all data center permits on September 21 pending a grid audit. What the freeze actually covers, and what it changes for Bitcoin miners.
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Mining custody determines who can control a block reward. Learn to verify before connecting to a pool endpoint and why it does not change your odds at all.
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BitMEX shuts down September 23 with a clean 11-year security record intact. Its closure shows custodial risk is bigger than just getting hacked.
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Blink Wallet's breach drained custodial accounts but left its non-custodial Spark accounts untouched. Here is what that split actually proves.
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A full-chain iOS exploit can silently pull crypto wallet keys from Safari alone. Here is the order of checks and fixes to run right now.
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H.R. 8957 advanced 28-21 and would hold Bitcoin in federal custody for 20 years with an annual audit. What that proof covers, and what it does not.
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A Core Lightning bug tied to reported fund losses shows why self-custody means checking your own software, not just running it. What the advisory says.
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A pool that once ranked among Bitcoin's biggest owes $173.1M in Chapter 11, mostly to frozen wallet holders. What the numbers mean for your pool.
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The EU now gives crypto wallet makers 24 hours to report exploited flaws. Here is what the Cyber Resilience Act's actual numbers mean for you.
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