BTC Sessions

Bitcoin Boomers: Joe Kelly on Scams, Security & Self-Custody in 2026

Mar 30, 2026
Terrence Michael, author and commentator who shares firsthand theft and scam stories. Joe Kelly, CEO of Unchained Capital, expert in multi-signature custody and estate solutions. They discuss pig‑butchering romance scams, caller ID spoofing and fake interviews. Conversation covers multi-sig recovery, collaborative custody, time‑locks, decoy wallets and practical steps to stop being an easy target.
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INSIGHT

Self Custody Is Not The Same As Legal Ownership

  • Self-custody and legal ownership are distinct concepts when holding Bitcoin.
  • Joe Kelly explains you can cryptographically control coins yet still need statements or trust structures for probate and tax clarity.
ADVICE

Use Two Of Three Multi Sig For Control And Recovery

  • Use a custody model that provides both unilateral control and recoverability like Unchained's 2-of-3 multi-sig.
  • Joe Kelly says clients hold two of three keys so they can move funds independently and recover if they lose a key.
ANECDOTE

Spoofed Unchained Call Targeted A Host

  • Gary Leland received a spoofed call showing Unchained's number claiming a phone-change security alert.
  • The scammer answered as
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