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Caplan and Candor

Freedom is often misunderstood as the absence of responsibility.

We’re open-sourcing k8s-aibom, a Kubernetes controller that continuously monitors environments to detect AI runtimes and generate standard ML-BOMs.

The AI Gateway production index covering data from June 2026: Open-weight models increased to a third of all token volume; Anthropic continues to dominate spend with 61%

The data center issue can be overwhelming because it’s threatening so much but the fact that it’s bringing communities together, political labels aside, is a pretty cool thing.

Are you buying the dip, anon?

PROF. JIANG PREDICTS CRASH OF GLOBAL ECONOMY IN 2027

YouTube's Professor Jiang predicts that within a year, attention could shift from the Iran conflict to a devastating global economic downturn.

He argues that the unwinding of the yen carry trade will…

🏫 Coimbra (Portugal), 3/7. A Princesa Dona Maria Gabriela de Orleans e Bragança visitou a Universidade de Coimbra.

➡️ http://facebook.com/casa.imperial.do.br

July 13, 2012 (14 years ago)

Bitcoinica's Third Hack Drains the Victim Recovery Fund

Twice robbed and shut down, Bitcoinica had one thing left: a fund to repay its victims. The key to that account had been sitting in leaked source code for months. Brief…

Tong launched Bitcoinica, Bitcoin's first leveraged trading platform. Users could bet on BTC's price with borrowed money. Nothing like it existed, and it soon handled more volume than most exchanges.

3/11 - Then the hacks began. On March 1, 2012, attackers compromised Linode, Bitcoinica's hosting provider, and drained 43,554 BTC. In the fallout, the source code leaked. Buried in that code, in plaintext, sat the API key to Bitcoinica's MtGox account.

4/11 - On May 11, a second attack took another 18,547 BTC and Bitcoinica shut down for good. Co-founder Tihan opened a MtGox account to hold what remained: a recovery fund, the only realistic path to repayment for hundreds of customers who were owed money.

5/11 - Here is the detail that decided everything. That API key in the leaked code was never rotated. Not after the first hack, not after the second. For months, anyone who read the code held a working key to the fund meant to make the victims whole.

6/11 - And real people were counting on that fund. One Bitcointalk user, DarkEmi, had deposited 5,000 BTC, most of his savings. Another had wired $38,626 saved over two years, verified his claim three times, and received nothing. They checked the forum every…

7/11 - On July 12, someone finally used the key. Within hours, roughly 40,000 BTC and $40,000 in cash drained out of the MtGox account, flowing through AurumXchange into Liberty Reserve, a digital currency the US government would shut down for money laundering…

8/11 - The next morning, developer genjix broke the news on Bitcointalk: Bitcoinica had been robbed a third time, and this time it was the victims' money. The thread is still there:

https://bitcointalk.org/index.php?topic=93074.0

9/11 - Two weeks later, AurumXchange published its findings, and the story turned. The laundering account traced back to stevejobs807@gmail.com. @erikvoorhees recognized the address at once. He had corresponded with it for months. It belonged to Zhou Tong.

11/11 - Forum veterans were skeptical, but nothing was ever proven in court. In August 2012, Wendon Group was appointed receiver under New Zealand law. By 2014, fewer than 2% of Bitcoinica's customers had received any compensation at all.

🏆 The supply considered lost has just set a new record.

For this chart I considered all Bitcoin (UTXO) older than 10 years.
This represents around 3.54 million BTC lost or dormant.

—> This is an all time high since July 2025, which had seen an exceptional…