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🚀Just claimed 295.07 #BlastGold at @DistrictOneIO, the SocialFi playground with money games on @Blast_L2!✨ Just like that 😎
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teapawt.org/DistrictOneIO/status/1…
1. Introducing #DistrictOne (#D1) - Social Space with Money Games, on @Blast_L2.
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CheeseBoy retweeted
With Republicans, we got:
- More crypto rugpulls by administration
- No Clarity Act
- More war and uncertainty
With Democrats, we'll get:
- Less crypto rugpulls
- No Clarity Act
- Less war and uncertainty
That's why the crypto market has started pumping now
CheeseBoy retweeted
JUST IN: 🇺🇸 Over $900,000,000,000 added to the US stock market at open after Democrats win control of both the US House and Senate.
CheeseBoy retweeted
BREAKING: 🇺🇸 $10 trillion Morgan Stanley is bringing US stocks and bonds onto a crypto blockchain.
This is absolutely massive 🚀
CheeseBoy retweeted
JUST IN: Binance says user activity is improving with hourly deposits now exceeding withdrawals.
CheeseBoy retweeted
🇺🇸 PRESIDENT TRUMP:
''Bitcoin and crypto will skyrocket like never before, beyond your expectations.''
CheeseBoy retweeted
Ardi gets it.
Bitcoin at $86K, $ASTER around $0.70.
Bitcoin at $76K, $ASTER around $0.70.
Consolidation earns my attention when it holds through conditions that should break it. Repeated selling meets buyers, the range holds, and impatient capital changes hands.
Even through the Binance hack, @Aster_DEX continues to defend this area.
That relative strength deserves attention.
As my buddy who manages a $600M fund puts it:
“Man, this looks like a beach ball held underwater.”
Consolidation tests patience before a breakout tests conviction.
Few understand this.
CheeseBoy retweeted
We know how important trust is, especially in moments like this.
We've now replenished 90% of the stolen assets, and we're committed to covering the remaining 10%. Our users will not bear the financial impact of this incident.
We've also shared an updated Proof of Reserves snapshot, and we're working towards resuming withdrawals on November 1.
Thank you for your patience and trust. We'll keep you updated every step of the way.
CheeseBoy retweeted
I'm watching $ASTER here 👀
I like that it's been holding the 21-Week EMA as Support for 2 months now
No significant token unlocks until 2035 🤔
CheeseBoy retweeted
Few exchanges fully reimburse users after hacks.
Binance has done it before and will keep doing so.
That's one reason it keeps growing.
CheeseBoy retweeted
JUST IN: 🇺🇸 US Secret Service is working with Circle to identify, freeze, and recover funds stolen from Binance.
CheeseBoy retweeted
Seems token recovery already began.
Another little detail in addition to the effort described, users pay trading fees on Binance in the coins they trade, so Binance's naturally accumulates all tokens they list.
Your funds are SAFU!
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
CheeseBoy retweeted
Whales bought 2,573 BTC worth $202 million today.
While retail is panicking, whales are buying the dip!!
CheeseBoy retweeted
What happened at Binance is serious. When an exchange of that scale experiences a security breach, it's only natural for people to question the security of other platforms.
For those concerned about @Aster_DEX, Aster remains unaffected and all operations are running normally.
But reassurance should go beyond statements.
Our CEO will be joining the community today at 14:00 UTC on Discord to address concerns and answer your questions directly.
Transparency matters, especially at times like these.
CheeseBoy retweeted
Binance will cover all losses.
As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
We are working around the clock and will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
CheeseBoy retweeted
might be a dumb question to ask, but i'll ask anyway..
after freezing the stolen USDT, does it mean it sits forever in the hacker's wallet, or there is a way the transaction can be reversed to return the frozen funds back to the owner?
CheeseBoy retweeted
JUST IN: Binance says $3,000,000,000 worth of stolen crypto has now been frozen following major hack.
CheeseBoy retweeted
BREAKING: Arbitrum Security Council has executed a transaction to freeze ~$30.5M from the Binance Exploit.
Thanks to all other signers involved.
Exploiter address
0x3E2bf1ac6bf0934BBba6456C341c2EcbCED632d5
Trsanction hash: 0xb69c81774f507d46ce776aeaed8b4d31df96dd66ce6fd05073481011835355d6
CheeseBoy retweeted
the silver lining to all of this is that Binance will be fine
i do not believe there is a systemic risk here
Binance reportedly makes $16-$17 billion in annual revenue
almost half of the total amount involved in the incident has already been frozen or is potentially recoverable
total amount that may ultimately be unrecoverable = ~$3.2 billion
so about 2 - 2.5 months of revenue based on those estimates?
very manageable for a company of Binance's scale, especially considering its strong history of prioritizing users during periods of stress like this
@cz_binance and @heyibinance have also publicly stated that all user funds are safe and will be fully covered
in my opinion:
- odds of systemic risk? incredibly low!
- odds of a bank run? incredibly low!
- odds of panic selling and overblown media headlines? yes
this is simply THE event that puts in the final local lows before things get really exciting again
Binance and the industry will be fine
don't make any trading decisions out of panic
chill, touch some grass, make sure your opsec is good in the meantime — crypto is not going away!
Binance reportedly hacked for $5.6 billion
potentially by far the biggest hack in crypto history
please stay safe everyone! 🙏
also not sure what the deal is with October: last year we had 10/10 & this year we're potentially looking at the largest hack in crypto history just days before October ends! 🥲