Attackers used the #tether they stole as collateral for a loan of Bitcoin.
Authorities then froze the #tether held by the lender, who had already given the attacker Bitcoin.
At this point the lender is the bagholder. Tether can bail them out by printing dollars, but the lesson is brutal: soft collateral is not safe, and bailouts by the legal system will be paid back in cheaper fiat. The same sanctions that got put on Russian treasuries can now hit fiat lender's collateral.
This new wild west of AI + hard vs soft assets creates an asymmetry that punishes everyone who remains on soft assets. #Bitcoin provides guarantees that the government won't be able to make at scale and for much longer.
#Bitcoin is the only safe collateral.
Laser
npub1vj…kd33q
2026-10-30 15:56:08 UTC
in reply to nevent1q…helz
Author Public Key
npub1vjk0gp2l4qnte2uy2l3ya78m5ays4wc7wmd6k64gw5498g8tf49qtkd33qPublished at
2026-10-30 15:56:08 UTCEvent JSON
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"pubkey": "64acf4055fa826bcab8457e24ef8fba7490abb1e76dbab6aa8752a53a0eb4d4a",
"created_at": 1793375768,
"kind": 1,
"tags": [
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[
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"content": "Attackers used the #tether they stole as collateral for a loan of Bitcoin.\n\nAuthorities then froze the #tether held by the lender, who had already given the attacker Bitcoin.\n\nAt this point the lender is the bagholder. Tether can bail them out by printing dollars, but the lesson is brutal: soft collateral is not safe, and bailouts by the legal system will be paid back in cheaper fiat. The same sanctions that got put on Russian treasuries can now hit fiat lender's collateral.\n\nThis new wild west of AI + hard vs soft assets creates an asymmetry that punishes everyone who remains on soft assets. #Bitcoin provides guarantees that the government won't be able to make at scale and for much longer. \n\n#Bitcoin is the only safe collateral.",
"sig": "da4560967f7917b18714f13bbddf553834a2cef6573a4f2d4b935533d276421184ba4defb59409113e847396b1b40d7f9f10d3a8550598ee9a7d528209437820"
}