Episode Details

A bi-weekly news show informing you on the latest in Bitcoin, privacy and open source tech hosted by Ungovernables, Max and Q.

AOB

• Prime Time reminder (FTF + Week 3)
• Vegas coming up

NEWS

• Roman Storm Acquittal?? - The Rage
  • Rule 29 hearing in SDNY. Retrial dates floated: Oct, Nov, Jan 2027.
  • Gov theory: running Tornado Cash was criminal, but mixers aren't illegal and it wasn't criminal at inception. Failla: so when did liability start?
  • Gov collapsed UI and protocol. Claimed Tornado Cash itself transferred funds — user wallets as "instrumentalities."
  • Only 15% of volume was illicit across the charged period.
  • Failla to prosecutor: "I might argue you were doing better before you started talking."
• BIP-361 - Link
  • New proposal from Jameson Lopp and others (submitted 14 April) to protect Bitcoin from future quantum computers.
  • Quantum computers could one day crack the cryptography Bitcoin uses today (ECDSA/Schnorr). BIP-361 forces everyone to move to new quantum-safe address types before that happens.
  • Two phases: first, you can't send to old-style addresses. Five years later, old-style coins can't be spent at all. If you haven't moved your coins by then, they're frozen.
  • Controversial because it means coins that don't migrate get effectively confiscated — including Satoshi's ~1M BTC and anything on lost seeds. Breaks Bitcoin's "your coins are yours forever" promise.
  • BitMEX pushed back with a "wait and see" alternative: only freeze coins if quantum is actually proven to exist.
  • Foundation angle: if you hold your own keys, you just migrate when new address types ship. The people at risk are exchange users, lost-seed holders, and very old wallets.
• Bitcoin Depot Hacked - 50.9 BTC ($3.7M) Stolen - Bitcoin Magazine / SecurityWeek
  • Published: Breach detected March 23, disclosed April 8-9, 2026
  • Bitcoin Depot, the largest crypto ATM operator in the US (9,000+ machines, 47 states), lost 50.9 BTC after attackers gained control of credentials for digital asset settlement accounts. Customer data was not affected. SEC disclosure filed April 8.
  • Talking points: Centralised custodians are honeypots. One set of credentials = nearly $4M gone. The 16-day gap between detection and disclosure is worth noting. Compare with self-custody where there is no single point of failure.
• Kraken Insider Extortion - Support Staff Recruited by Criminal Groups - CoinDesk
  • Published: April 13, 2026
  • A criminal group is extorting Kraken after two insider incidents where support staff inappropriately accessed data from ~2,000 client accounts. No funds were at risk. Kraken warned of coordinated insider recruitment campaigns targeting crypto, gaming, and telecom firms.
  • Talking points: Your exchange account is only as secure as the lowest-paid support worker with access to your data. This is organised, coordinated insider recruitment across multiple industries. Self-custody eliminates this counterparty risk entirely. Credit to Kraken for transparency and refusing to pay.
• Fake Ledger Live app on Mac App Store -

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