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Hell Money

The COLDCARD Hack Was Bitcoin’s 9/11

Aired Aug 12, 2026 · 57m · Last boosted 1h ago

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Show Notes

The COLDCARD exploit was an emperor-has-no-clothes moment for Bitcoin. In this episode of the Hell Money Podcast, Casey Rodarmor and Erin Redwing break down what happened, how AI may have changed the balance between attackers and defenders, and what the fallout exposed about Bitcoin security and culture. “Don’t trust, verify” is one of Bitcoin’s core principles — but over time, heuristics like Bitcoin-only, open source, self-custody, and trusted developers became ways of deciding what to trust instead of actually verifying. So what happens when those heuristics fail? Get bonus content by subscribin...

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