Bitcoin payments stories

Aug 10, 2026

BTCPay Server offers bounty up to 3 BTC after critical exploit drains payment servers

BTCPay Server disclosed a critical vulnerability that allowed attackers to remotely hijack Lightning Network nodes and drain bitcoin payment servers. Supporters have committed to a recovery bounty of 10% of any stolen funds recovered, capped at 3 BTC (approximately $190,000).

Aug 10, 20264 sources

Jul 21, 2026

Jack Mallers steps down as Twenty One Capital CEO as Tether merger collapses

Jack Mallers resigned as CEO of Twenty One Capital after a board disagreement, with the proposed three-way merger between Twenty One, Strike, and Elektron Energy falling through. Raphael Zagury takes over as CEO.

Jul 21, 20265 sources

Jack Mallers Steps Down as Twenty One Capital CEO, Replaced by Raphael Zagury

Twenty One Capital said Jack Mallers stepped down as CEO effective July 20, 2026, to focus on his bitcoin payments company Strike, and its board appointed Raphael Zagury as his successor. Twenty One and Strike also determined that Strike would remain an independent business and would no longer be considered for a combination, while a possible combination with Elektron Energy remains under evaluation.

Jul 21, 20269 sources

Top claims

▪The BTCPay Server recovery bounty is open to anyone providing information leading to the return of the funds, including the attacker, and will be split among victims if multiple reports lead to recovery
▪A prior exploit affecting Coldcard hardware wallets, which resulted in at least $116 million in confirmed losses, was likely uncovered by attackers using AI to review older public firmware versions
▪Bitcoin prices remained stable near $64,000 on August 10, 2026, as market participants viewed the BTCPay Server exploit as an application-layer threat to merchants rather than a risk to the core Bitcoin network

People involved

Jack Mallers

Subtopics

Bitcoin3 Bitcoin news2 Bitcoin security & risks1 Crypto1 Crypto hacks1 Mergers and acquisitions1 Stablecoins1

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