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CoinDesk Podcast Network

The Blockspace Pod: How to Protect Yourself from a Crypto Kidnapping

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 5 March 2026

⏱️ 37 minutes

🧾️ Download transcript

Summary

Chris Seedor joins the podcast to discuss the terrifying rise in physical Bitcoin attacks and how to mitigate risk. We cover stainless steel backups, multi-sig setups, and why AI-driven phishing is changing the security game forever. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Chris Seedor of Seedor & Bitsurance joins us to talk about the rising threat of physical "wrench attacks" and advanced Bitcoin self-custody. We discuss the 70% spike in violence against BTC owners, using Miniscript for time-locked security, and how AI-driven phishing is bypassing video IDs. Chris explains why simple seed phrases are high-risk and how protocol changes like covenants could revolutionize reactive security for all holders. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Physical attacks up 70% since 2024  * 74 documented Bitcoin physical attacks  * 1 in 10 kidnappings resulted in death  * Successful attacks occur 66% of the time  * $1.5B Ethereum stolen in Bybit hack  Timstamps 00:00 Start 03:26 Chris has a real job? 05:40 Hardware wallet vs steel backup? 08:12 Understanding your risk surface area 11:17 Attacker landscape 15:50 Shift in mindset 17:10 Even smart people get scammed 18:38 AI supercharging scams 20:50 New ways of securing your BTC 23:48 What's happening technically 25:58 Security on other chains 28:42 Softforks 31:53 Tools for the baddies (ordinals / runes) 👉CleanSpark CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉Luxor, Blockspace's preferred mining pool Bitcoin mining revenue changes every day. Difficulty adjusts. Fees move. Prices shift. And that makes it hard to plan. Luxor Pool’s Fixed Payouts let miners lock in revenue at a guaranteed daily rate for up to 18 months. According to Hashrate Index, miners who used rolling fixed payout strategies since the last halving have outperformed FPPS mining by up to 15 percent. Fixed Payouts give you predictable daily revenue, so you can plan, budget, and grow with confidence. With Luxor, uncertainty is optional. Learn more at luxor.tech/mining

Transcript

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0:00.0

Just last year was the most violent year on record for crypto and Bitcoin related physical attacks.

0:05.7

Not just fishing, but like actual home invasions, actual kidnappings.

0:10.1

Half of those involved like violence and torture.

0:13.6

And you have the ability specifically with Bitcoin to have really secure multisic and time decaying or time expanding setups that give you

0:23.2

such an amazing amount of redundancy and levels of security that no custodian can provide

0:29.5

to you. You can do this with like 400 bucks of like consumer grade hardware and a minisccript

0:34.8

wallet that requires you to have a lot of co-signers.

0:38.5

With minisccripts, you can have these time properties,

0:41.4

and they're not enforced by a company.

0:43.0

You can have Bitcoin, Maltisic, natively,

0:46.2

something that most chains can't do.

0:49.8

There were over 74 documented physical attacks

0:53.7

against Bitcoin owners last year. This is up

0:57.3

70% from 2024. Yes, the criminals are stopping at nothing, not even kidnapping, cutting off

1:04.1

fingers, and in some cases even death. They want your Bitcoin. Maybe the risk isn't a wrench attack, but rather your own forgetfulness and accidents.

1:14.9

I have an expert on all these topics, Chris, who has a company which specializes in products which reduce your surface risk area.

1:23.6

Blockspace is brought to you by CleanSpark.

1:26.0

Let's kick it off.

1:39.2

Hey, Charlie here. Guess what? We just announced our next Bitcoin Technical Conference, Op Next.

1:45.2

That's right, y'all. Op. Next is back for 2026. We're running it back after a successful event at strategies HQ in tyson's virginia last year and this year we are bringing it to the big apple at the iconic

1:51.1

time center in midtown manhattan we're hosting the big names and projects that you recognize like

1:56.8

robin linas of bit vm nick jonas of block stream antoine puinsot of ChainCode Labs, and Calais of BitChat will also be present.

...

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