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Episode Summary

A weekly news show informing you on the latest in Bitcoin, privacy and open source tech, hosted by Ungovernables, Max and Q.AOBMax: flooded the downstairs after leaving a sink running over the weekend, spent Saturday ripping out old timber and clutter he'd been meaning to clear out anyway, then a full kids' day that left them sick afterwardsQ: spent the weekend building his own local, voice-controlled AI assistant after watching the new Spider-Man filmQ: read this week's letter #7 from Keone, "Notes from the Inside", posted on The Rage -- a tough one on conditions moving between facilities; audio version out later this week, timed with Rick's Free Samurai prize drawQ: enjoyed last week's Freedom Tech Friday listener questions episode, ranging from Bitcoin to Monero to privacy, multisig and local AINEWSResearch lab [alloc] init, founded by Misha Komarov with Clara Shikhelman as Head of Protocol Research, published Shielded Bitcoin, a proposal for Zcash-style private transfers needing no soft fork; shielded transactions are encrypted data blobs carried in OP_RETURN or witness data that Bitcoin only orders and timestamps, while separate indexer software checks zero-knowledge proofs and stops double-spends; value sits in encrypted "notes" spent by publishing a one-time nullifier that proves the spend without revealing which note it is; the peg moving real BTC in and out isn't designed yet and rests on an unproven witness-encryption scheme called PIPEs v2; CoinDesk reports fees around 4x normal, a trusted setup and no launch date -- Bitcoin Magazine, CoinDesk, allocinitBlockstream published its own post-mortem of the 6 September Liquid exploit: a rangeproof-cache flaw dating to April 2018 ("Bug A"), responsibly disclosed 2 August and patched by 11 August, introduced a second flaw ("Bug B") where unprefixed cache keys let two different proofs collide; the attacker used it to mint about 4,000 unbacked LBTC and peg out 3,996 BTC through SideSwap, draining the reserve from about 4,205 BTC to 197 BTC; 3,400 BTC was returned and the network resumed 9-10 September, but about 602 BTC remains with the attacker and peg-outs stay paused with no date; the 11-of-15 federation multisig worked exactly as designed, the failure was in the software deciding what counted as a valid transaction -- BlockstreamBitget detected unauthorised transfers from its hot and warm wallets at 18:31 UTC on 24 September and froze withdrawals platform-wide; CEO Gracy Chen says the attacker compromised a backend system, spoofed transaction data and triggered Bitget's own approval process, with private key compromise ruled out; the loss was revised from $351.6M to about $387.5M once Zcash and TRON assets were counted, mostly ETH, TRX and USDT with no bitcoin taken; Circle and Tether froze about $318K, while roughly $83M in native XRP moved beyond Ripple's power to freeze; North Korea attribution comes from Bitget, Elliptic and MetaMask's Taylor Monahan, not yet from any government; Bitget says its User Protection Fund covers the loss and is reopening withdrawals in phases from 28 September --
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