Blockspace: AI & Bitcoin

The Bitcoin "Dusting" Attack You Didn't Know About W/ Galaxy Digital


Listen Later

Zach Pokorny from Galaxy Digital joins us to discuss their deep investigation into the mysterious 80,000 Bitcoin whale that moved last summer. The report uncovers a massive dusting campaign targeting over 40,000 addresses holding 2.3 million BTC with fake "abandoned property" notices. We dive into the Salomon Brothers connection, the $90K cost of the attack, and why this looks like classic Craig Wright-style lawfare.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:

• 2.3 million BTC dusted

• 40,000+ addresses hit

• Attack cost 0.7 BTC (~$90,000)

• 80,000 BTC whale sold through Galaxy

• 3-year dormancy minimum targeted

Timestamps:

00:00 Start

02:27 Size & breadth of the messaging campaign

04:39 Message contents

05:51 Legal definitions

08:47 Is Salomon Brothers real?

12:02 Why not use a law firm?

13:06 Did the 80k BTC seller get spooked?

14:31 Scale of the campaign

15:35 Satoshi addresses?

17:55 How did they choose addresses?

19:44 Lots of holders have "dormant coins"

21:17 Cost of the campaign

23:14 Links to other attacks

26:26 Speculating who this was

28:12 Court process & jurisdiction

32:12 Wrap up

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

 

 

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

Blockspace: AI & BitcoinBy Blockspace Media

  • 5
  • 5
  • 5
  • 5
  • 5

5

5 ratings


More shows like Blockspace: AI & Bitcoin

View all
The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network by The Investor's Podcast Network

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

3,343 Listeners

Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,073 Listeners

Unchained by Laura Shin

Unchained

1,206 Listeners

TFTC: A Bitcoin Podcast by Marty Bent

TFTC: A Bitcoin Podcast

770 Listeners

The Pomp Podcast by Anthony Pompliano

The Pomp Podcast

1,842 Listeners

The Market Huddle by Patrick Ceresna & Kevin Muir

The Market Huddle

361 Listeners

What Bitcoin Did by Danny Knowles

What Bitcoin Did

277 Listeners

Bankless by Bankless

Bankless

1,049 Listeners

The Wolf Of All Streets by Scott Melker

The Wolf Of All Streets

237 Listeners

Coin Stories with Natalie Brunell by Natalie Brunell

Coin Stories with Natalie Brunell

445 Listeners

Forward Guidance by Blockworks

Forward Guidance

271 Listeners

Moonshots with Peter Diamandis by PHD Ventures

Moonshots with Peter Diamandis

595 Listeners

The Jack Mallers Show by Jack Mallers

The Jack Mallers Show

123 Listeners

Simply Bitcoin by Simply Bitcoin

Simply Bitcoin

104 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

152 Listeners