Learn to build your own private Bitcoin vault:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin
In this video, I discuss whether it is possible for a government or other hostile attacker to seize or freeze your Bitcoin.
Unlike almost every other traditional asset (stocks, bonds, bank accounts, etc), Bitcoin has no counter-party risk and cannot be frozen at the press of a button.
The only way that someone can steal your Bitcoin is if you store your recovery seed (the human readable version of your Bitcoin private keys) in a place where it can be viewed and used to sign a transaction stealing your Bitcoin– or if an attacker can get extended access to your hardware wallet and is able to extract your private keys.
In the case of Andrew Tate, it appears that authorities were able to get their hands on at least some of his hardware wallets. But an order to seize his Bitcoin is quite different from the actual act of seizing his Bitcoin, which does not appear to have happened yet.
Multi-sig cold storage is the best solution for long-term Bitcoin savings, and can make it almost impossible for an attacker to seize your Bitcoin.
Not investment advice! Consult a financial advisor.
Social Media Personality Andrew Tate Charged With Rape; Bitcoin Seized By Authorities:
https://bitcoinist.com/andrew-tate-charged-with-rape/
https://www.insider.com/romania-to-seize-assets-including-560k-bitcoin-from-andrew-tate-2023-6
Actual Romanian order:
https://www.diicot.ro/mass-media/4082-comunicat-de-presa-2-20-06-2023
Circle Confirms Freezing $100K in USDC at Law Enforcement’s Request:
https://www.coindesk.com/markets/2020/07/08/circle-confirms-freezing-100k-in-usdc-at-law-enforcements-request/
Did The FBI Just Hack Bitcoin?
Collaborative custody for multi-sig (Unchained):
https://unchained.com/
Don’t Use Ledger Hardware Wallets:
Andrew Tate Reveals How Much Bitcoin He’s Had Seized by Authorities:
https://decrypt.co/121308/andrew-tate-bitcoin-seized
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#andrewtate
Disclaimer
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