The Bitcoin Boomers How Scammers Steal Bitcoin (And How to Stop Them) | Ep. 6
Mar 30, 2026
Terrence Michael, author and Bitcoin advisor who guides custody and estate planning. Joe Kelly, CEO of Unchained Capital, who builds collaborative multi‑signature custody and lending services. They discuss how scammers use phone spoofing, pig butchering, fake interviews, and remote hacks. They cover multi‑sig, YubiKeys, time‑locks, decoy wallets, physical wrench attacks, estate planning, and practical anti‑scam hygiene.
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Ownership Versus Control In Bitcoin Planning
- Legal ownership and cryptographic control are distinct; both matter for estate, tax, and probate processes.
- Joe Kelly notes Unchained provides attested statements and PDFs so accountants and courts can recognize Bitcoin holdings.
Back Up Your Wallet Configuration File
- Do keep your wallet configuration file and backup so you can recover a multi-sig vault independently.
- Joe Kelly explains Caravan and open-source wallets accept that file so you can recover without Unchained.
Spoofed Unchained Call Nearly Pulled A Scam
- Bob received a spoofed Unchained customer-service call that displayed Unchained's number and claimed a phone change request.
- He hung up, contacted Unchained, and learned his YubiKey protected the account from takeover.