Coinkite Legal Update We had a productive strategy call today with Canadian counsel and wanted to share where things currently stand. At this point, we’re leaning away from a traditional class action and toward a private Canadian lawsuit brought by a group of larger claimants. The thinking is that assembling approximately 10–30 claimants representing a significant portion of the losses may provide a more focused and efficient path than pursuing class certification. We’re now working to identify the right Canadian litigation firm and finalize a preliminary budget. Once we have both, we’ll share them with the claimant group. The legal theories under review include product liability and negligence, but the larger question is ultimately collectability, not liability. Early priorities would be getting the case into discovery, understanding what assets may be available, identifying any applicable insurance, and determining whether there were transfers or distributions that could potentially be challenged if supported by the facts. If litigation funding is required, our expectation is that affected victims would have the first opportunity to participate before seeking outside capital. This is an evolving strategy—not a final decision—and we’ll continue sharing updates as we receive them. If you were affected and would like to stay informed, please join our Telegram group: t.me/coldcardvictims Follow @117Partners for future updates.

Coldcard Coinkite victims: If your seed was generated on a vulnerable Mk3/Mk4/etc. firmware and funds were drained, you're not alone. Join the Telegram group to connect, share info, track patterns, and explore recoveries/class action options. t.me/coldcardvictims

RT @Bkclaims: SCOTUS struck down IEEPA tariffs, but the refund "mess" is just beginning. - No official payout timeline. - Administrative h…

Thanks to CoinDesk for featuring our Managing Partner @Bkclaims , and to Will Canny for the write-up. If you have exposure to BlockFills or are simply trying to understand your options, feel free to reach out, always happy to compare notes. coindesk.com/business/2026/0…

Thread 🧵: Venezuela is being priced like a broken company — but this is a classic long-duration value setup

If you deposited money into Stream Finance XUSD after the hack, do reach out to us we might be able to help

We are actively buying claims in: @eulerfinance @Re7Labs @TelosConsilium @elixir @MEVCapital @SiloFinance Final call for year-end bids. DM if you want liquidity before 12/31.

Stream Protocol update: streamprotocol.money/ 1.) It appears Stream Trading Corp (DE LLC), run by Diogenes Casares and Solal Afota, has begun returning assets to Stream Trading Company (again, not an actual legal entity), i.e. Caleb McMeans. Source: debank.com/profile/0x1597e4b… 2.) It also appears Caleb has retained restructuring counsel and is moving toward an orderly wind-down of the StreamFinance protocol. Whether this occurs in-court or out-of-court remains unclear. @117partners has been pushing behind the scenes for a quick and equitable resolution. We still believe an independent investigation into pre-loss actions is important (with third-party oversight or management), but are encouraged by the progress with Dao, Perkins, and Caleb so far.

After reviewing the facts + agreements, the cleanest path forward looks like: (1) filing an involuntary bankruptcy against Caleb McMeans personally, and (2) having the BK trustee seek a Delaware Chancery receivership over Stream Trading Corp. This two-step approach puts a fiduciary in place with subpoena + clawback power, unwinds the JV/“asset sale” structure, centralizes claims, and protects creditor recoveries across the ecosystem. If you’re a creditor (Euler, Re7, Telos, Elixir, MEV, Morph, Silo, or depositors) and want to coordinate or learn more, feel free to reach out.

1/ One wild piece of the FTX unwind: creditors might be quietly long a SpaceX IPO. FTX settled with K5 Global over ~$700M of misused SBF “venture” investments — and reporting shows ~$190M of that exposure was SpaceX at an ~$80B valuation.

THREAD — The Stream Protocol Collapse: Entity Chaos, Legal Risks, and the Real Story No One Is Telling 1/ Everyone is talking about the losses at Stream. But the real story is the legal architecture behind the collapse — and it's way messier than people understand. What follows is a breakdown of the structural failures, entity confusion, insolvency risk, and why this could become one of the most consequential cases in DeFi.

Working on the Stream Finance / XUSD fallout. If you have any exposure, we’re coordinating updates, mapping liabilities, and helping with claim + recovery issues. DM me — happy to assist. Entities impacted: • Euler — @eulerfinance • Telos Consilium — @TelosConsilium • Elixir / DEUSD — @elixir • MEV Capital — @MEVCapital • Morph — @MorphoLabs • Silo (debt + vault/xuSD exposure) — @SiloFinance PSA: At this point you should document everything. Take screenshots of: — account balances — historical transactions — deposit / withdrawal proofs — emails with support — any KYC/AML confirmations — tx hashes or explorer links This stuff becomes critical evidence in claims, disputes, and recovery processes. If you’re touched by any part of this, reach out. We’re aggregating info, comparing notes across cases, and helping affected parties move quickly + strategically.