How Scammers Steal Bitcoin (And How to Stop Them) | Ep. 6

About this episode

The episode discusses how scammers target Bitcoin holders and offers practical security tips.

Gary Leland, Bob Burnett, and Larry Lepard sit down with Joe Kelly, CEO of Unchained, and surprise guest Terrence Michael of The Bitcoin Advisor to break down how scammers are targeting Bitcoin holders right now and what you can actually do about it. Gary shares a real-time scam call he got from someone spoofing Unchained's number. Bob walks through a sophisticated fake Bloomberg interview that compromised his computer. Terrence tells the story of a client who lost his entire Bitcoin stack to a pig butchering scam in under three weeks, and his sister's home invasion where multi-sig saved her holdings. Topics covered: social engineering and phishing attacks, phone number spoofing, pig butchering scams, how multi-signature custody works as a security layer, YubiKeys, wrench attacks and physical security, time-locked Bitcoin, decoy wallets, Unchained's collaborative custody model, estate planning and legal ownership of Bitcoin, and practical tips every Bitcoin holder should know. Sponsors: Bitcoin Well, Sazmining.com/Boomers, Ledn.io Bitcoin Boomers is a monthly show hosted by Bob Burnett, Larry Lepard, and Gary Leland. 🍎 Apple Podcasts: https://podcasts.apple.com/us/podcast … ⚡…

People in this episode

Hosts: Gary Leland, Bob Burnett, Lawrence Lepard

Guests: Joe Kelly, Terrence Michael

Topics covered

• scammers
• Bitcoin security
• social engineering
• phishing attacks
• multi-signature custody
• pig butchering scams
• physical security

Keywords

• Bitcoin
• scams
• security
• multi-signature
• phishing
• social engineering
• pig butchering
• YubiKeys
• wrench attacks
• estate planning

Sponsors

Abundant Mines, Bitcoin Well, BTC Sessions / BTC Mentor, Blockstream Jade, Unchained Signature

Mentioned in this episode

Organizations: Unchained, The Bitcoin Advisor, Bloomberg, Unchained Signature

More episodes of The Bitcoin Boomers

• Bond Markets Are Breaking Iran Wants Bitcoin and Nation State Bitcoin Mining Bitcoin Podcast · May 29, 2026 · 1h 17m
• “Bitcoin Isn’t Under Attack… It’s Being Changed” | Bitcoin Boomers · May 29, 2026 · 35 min
• “Bitcoin Isn’t Under Attack… It’s Being Changed” | Bitcoin Boomers · May 6, 2026 · 35 min
• You Can't Print Cattle: Bitcoin Boomers Take the Stage at BitBlockBoom · April 26, 2026 · 34 min
• Why 50% Off Bitcoin is the Opportunity of a Lifetime, Nancy Guthrie, Price Action, BitBlockBoom and More! · March 2, 2026 · 1h 33m
• Would Ronald Reagan Approve of Bitcoin? Fiat to Bitcoin with John Heubusch · January 30, 2026 · 1h 32m