Nice work
tl;dr: Someone cracked these weak entropy wallets 3+ years before anyone else and kept it secret
Whether that was the USG or another entity has yet to be revealed
EDIT and were the keys cracked, or were the passphrases obtained ? It's mentioned elsewhere that he had them written down. Which would be a much easier "hack"
We are thinking about this and building in this direction with Paygo.wtf
https://x.com/0x_Osprey/status/1925299005191577921
Our team is leveraging zkVMs for paygo.wtf
Current benchmarks for proving costs are 33k txns per dollar and we expect this to go down x10-x100 over the coming months/years.
A system that can be trusted needs to work in the real world, with credit card payments, bank accounts, VAT.
I can also move the funds into a connected debit card so I can spend it in the real world.
This wallet is powered by Bridge.xyz which was acquired for $1B+ by Stripe in Fall 2024 - would encourage you to try the new stuff!
https://www.cnbc.com/2025/02/04/stripe-closes-1point1-billio...
https://cointelegraph.com/news/tether-us-treasury-holdings-s...