Quick update on the SQRL situation for anyone still following this thread — and a clarification up front:
Whitefire is not involved.
He does not appear anywhere in the SQRL / Midwest Data bankruptcy docket, is not named in the fraudulent‑transfer complaints, and is not mentioned in any of the whistleblower material that’s now in the court record.
Because the whole story has gotten much bigger than this original topic, I’ve posted a detailed summary (with links to the court filings and leak) over in this thread:
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https://bitcointalk.org/index.php?topic=4391318.msg66690787#msg66690787Very short version of what’s alleged in the bankruptcy and whistleblower materials:
Creditors say thousands of Intel/Xilinx FPGA boards and the coins mined on them never made it onto the bankruptcy schedules, and that hardware and hash were quietly routed into related entities and undisclosed wallets instead of to the estate.
Objections point to flows through offshore, non‑KYC exchanges (KuCoin, TradeOgre, etc.) and to wallets that allegedly held mining proceeds from estate hardware.
A whistleblower leak (now filed as Exhibit 2 in the case) describes an investor “demo” that sounds like something out of a heist movie: hidden GPU farm doing the real work, modified dev board to hide extra RF components, and custom software bridging the fake hashrate to the board being shown to potential investors.
All of that is laid out with source links (CourtListener docket, specific ECFs, and the full leak archive) in the post I linked above, so anyone can read the primary documents and decide what they think.
Again: the sensational parts (missing hardware, off‑book wallets, Hollywood‑style demo) are allegations from creditors and whistleblowers and excerpts from chats that have been submitted to the bankruptcy court — not my personal accusations. The nice thing is that everything is now in public records, so you don’t have to take my word for any of it.
