Stretto has published a disclosure of the incident and has apparently been reaching out to affected parties. They will not release information to us at this time about who was affected, because it is not Swan data but rather their own, as part of the Prime Trust bankruptcy. For the avoidance of doubt, Stretto is not a Swan partner, and we did not send any client data or consent to any client data sharing with this company. Their disclosure notes that the data was from four different bankruptcy cases. Disclosure: https://www.stretto.com/security-incident/

We are still investigating. To be clear this is alleged leak is from a law company handling the prime trust case, not from Swan, and would be limited to data that prime trust had collected from clients prior to summer 2023.

More than a hundred lol.

Thank you!

It’s a long term plan. The dollar isn’t collapsing tomorrow despite what people on nostr fantasize about lol. Bretton woods took a long time to play out, so did petrodollar, this is setting up the next 100 years.

Rereading nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu 's excellent expose on the Petrodollar recently and thinking: what would it seem like, if it seemed like (h/t nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt ) the petrodollar system was coming to an end, and the US knew it, and was embracing cryptodollars as a replacement for petrodollars, not by accident but by design.

I think it would look a lot like some of the stable coins we are seeing today, exporting our inflation out into the world through making stablecoins available in hundreds of countries where our banking system doesn't reach, and driving up a demand for US treasuries by stablecoin issuers, which pushes down US treasury yields, allows issuance of cheap debt, etc. Just like the petrodollar did.

Paul Ryan's recent comments show a clear understanding of this picture.

I’ll pass this along to the content team.

We are here. Some of us lurk more than post. It’s just a bit echo chambery in here and we are focused on bringing new people into Bitcoin. Nostriches tend to be orange pilled already.

I’m often here! I am just lurking because I’m too lazy to post on both platforms. Also I hardly have time to post even on the other one lol

Broke my nostr silence to say congrats! :)

Love the dedication to user experience. This is the way.

Thank you for the kind words!

Published my take here. We are fighting hard. I think this is a sign of bad things to come from govt. they have been saying it for years. They don’t like “unhosted” wallets and they want to monitor every tx. Now they are using fake news to make it real at the banking layer. https://x.com/skwp/status/1723444038932582414?s=46&t=0SvIPQLG1ahvJgMsn53NMA

If you know of good ones send em our way. We are hiring. https://swan.com/jobs

Wooo 👀

“Your own infrastructure” has to be extremely robust. Huge security budget, audited infrastructure, soc1/soc2, and yes state oversight. We have customers who require qualified custodianship.

most who have “built their own” do not have what it takes to secure the type of volume we do. I hope they get there. Team bitcoin will be stronger with lots of robust options. We wrote up the nuances of what it takes here https://www.swanbitcoin.com/assessing-risk-in-bitcoin-custody/

But look out for some info real soon. There’s always been a plan. We do not share plans until they are fully baked :)

Congrats my former swan fam. Love you guys! Do great things!

Maybe later 😅

Nostr is one of the coolest freedom tech to come around since bitcoin. Very smart people are working in the space including several former Swans. When nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft left Swan to focus on nostr I knew it was a really big deal because he’s one of the smartest and most capable people I know. But I’ll leave that to the people like him. Swan’s mission first and foremost is as a Bitcoin on-ramp. Every company and individual should focus where they can do the best work. We will not spread ourselves thin where it doesn’t make sense.

Focusing on orange pilling normies, who aren’t really on this platform. But will discuss.