
Writing random thoughts on Web3 @egodaox @GrailCo @inkonchain maxi @EspressoSys ambassador
Joined April 2020
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Just entered @torpornet. Idle by design and nobody can talk me out of it. Sitting is undefeated. teapawt.org/torpornet/status/21051β¦
Just 5 months in, RkuSOL has climbed to #10 on @sanctumso LST leaderboard
Absolutely explosive growth trajectory @raikucom
Road to #1 LST on Solana
rkuSOL just broke into the top 10 on @sanctumso
Every rkuSOL is staked to the Raiku validator, the one building blocks for co-located execution on Solana. Thanks to everyone who's staked so far.
tell me pls @jumperapp
well, joined the @MiladyMaker333 cult
Back to OG ETH vibes
Tier S: @krakenfx
Top Crypto Exchanges Ranked by Trust Score (@coingecko)
1. Kraken
2. Coinbase
3. OKX
4. Binance
Chill with @Elyziumaa π
That's a wrap for the Elyziuma Creative Challengeπ₯
We initially announced 20 NFTs, but we ended up sending almost 30 to appreciate and encourage our amazing community!
Honestly, I absolutely loved seeing how everyone participated and how creative this community is. You all did an amazing job! β€οΈ
Of course, we wish we could reward everyone because so many of you deserve it. But unfortunately, we can't give NFTs to everyone. We selected the creations that stood out to us the most, and all available NFTs have now been distributed.
We wanted to make this announcement now so nobody keeps waiting or spending more time creating just to receive an NFT. Unfortunately, we don't have any NFTs left for this challenge.
Thank you all for your creativity, effort, and support. This is just the beginning of what we're building together!
Much love to the Elyziuma and @Enter_Elysium community! π
Maybe we owe the Lazarus hacker group an apology
And if this turns out to be true, I think @binance could end up suffering the same fate as @FTX_Official
Binance π¨π¨is balance sheet restructuring & trying to stop a bank run that was likely already forming due to their internal bad debts or fractional reserve practices. . Binance is facing a massive liquidity crisis (maybe due to bad loans, FTX-style internal trading desk losses, or regulatory freezes). They need to lock up $6.3 billion in user funds without admitting insolvency. π¨
They engineered a "hack" using the EIP-7702 vector. They move the funds to wallets they control. They freeze $3B of it (to stop the bank run on their own exchange) and let $3.3B "escape" into dormant BTC wallets and Uniswap swaps (which are likely wash trades back to their own market makers). They crash the market 4-5% to liquidate short positions and scoop up cheap assets.
π¨
Look at the forensic breakdown of the attack. In the span of 20 minutes, the attacker drained funds across ten different blockchains, including Bitcoin, Ethereum, Tron, Solana, XRP, Optimism, and Avalanche.
π¨
These blockchains do not share the same cryptographic curves or key types. Bitcoin uses ECDSA (secp256k1). Solana uses Ed25519. XRP uses its own variant of ECDSA. A single compromised laptop does not possess the magical ability to sign valid transactions across ten fundamentally different cryptographic architectures in 20 minutes. As TRM Labs explicitly noted in the forensic data, a single phished Ethereum authorization cannot explain Bitcoin, Tron, XRP Ledger, Solana, and layer-2 transfers all occurring simultaneously
π¨
If a real hacker compromised their laptop, they would have to navigate Binanceβs internal infrastructure to access 10 separate, isolated hot-wallet signing services, bypassing hardware security modules and multisig requirements for each individual chain. That takes hours or days of lateral movement, not 20 minutes.
π¨
The only entity capable of executing simultaneous, validly signed withdrawals across ten different chains in 20 minutes is the exchangeβs own internal automated withdrawal engine
βπ¨
According to the on-chain data, the attacker took 325 million USDT and swapped it for Ethereum on UniswapX at a 10 percent discount, paying a massive premium for speed.
Professional market makers absorbed that trade. Why would an external hacker take a 10 % haircut on an irreversible, unsanctioned swap when they control the wallet? They wouldn't.β οΈβ οΈπ¨
Furthermore, the Bitcoin stolen was split into exactly 1,000 BTC chunks across 17 new wallets and then sat completely dormant.
π¨
It was not laundered. It was not moved to a mixer. It was organized into clean, institutional-sized blocks and parked. Hackers do not park stolen funds in neat, 1,000 BTC increments. Institutional custodians do this when they are restructuring balance sheets or moving funds to cold storage under their own control.π¨
The attacker even routed test transactions back to itself before the main sweep.
This is the behavior of an internal engineer testing a deployment script.π¨
β-
Binance is doing exactly what FTX did before its collapse, just with a more sophisticated smokescreen. They have halted withdrawals. They are promising to make users whole with money they do not have.
π¨
Within the next 30 to 60 days, Binance will slowly resume withdrawals for small retail users to maintain the illusion of solvency. Large institutional whales will find their accounts frozen indefinitely pending "investigation" into the hacked funds. The $3.3 billion in Bitcoin and Ethereum currently sitting in dormant wallets will not be recovered. It will be slowly commingled with other exchange flows over the next year to quietly plug Binance's internal holes.
π¨
You are watching a bank robbery designed to hide the fact that the largest exchange on earth is out of money.
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kenhuangus.substack.com/p/hoβ¦
nbcnews.com/business/marketsβ¦
Elyziuma is building something different on @Enter_Elysium
Here's what caught my attention:
> Early NFTs were minted on testnet for just 0.1 HYPE
> The floor has climbed to around 600 HYPE
> The collection is listed on @kalosfun
> It's growing alongside the emerging Elysium ecosystem
Keeping an eye on @Elyziumaa π
WTM @GrailCo
On surface a gtokens looks like just another memecoin and many are trading gtokens as such
But really we are building the best way to bet on people you believe in
Take gVLAD. Gtokens are backed by grail real world collectibles. Since there wasnβt one for Vlad, we created it. gVLAD is backed by 2026 Grail Genesis Vlad Tenev cards. Thereβs 500 of them. They are beautiful 3D lenticular cards designed by @Coldie
The first 3 were claimed and shipped out this week. The gVLAD supply decreases when cards are claimed. We the market
There's a new version of this post
good time to switch to @krakenfx
Good job @cz_binance π«
I actually believe they all knew beforehand
We're all just NPCs, but they're different
So my thesis was right
@PhoenixTrade 's the #1 perp DEX on Solana
It's been a long time coming... But it's finally time
Part of evolving as a business is recognising where your focus should be while remembering who your users are.
The reality is that we spent an incredible amount of time purpose-building a network that is specifically designed to cater to HFT and everything that it encompasses.
Execution needed to be faster and limitations to throughput hindered our ability to run real time risk checks as we think about scaling to 100,000 to 1,000,000 users and beyond.
For those who have been following along, its no secret that there has been friction between how we execute and what the preference is from Solana leadership.
I understand and respect their stance, however to continue to frame BULK a solana dex would be reductive to the actual offering, so weβre officially putting this on the record.
The stronger case is that multichain access expands BULKβs distribution and usable capital while bringing more activity into the same market.
Distribution follows where users hold their money.
As more people enter crypto through neobanks, wallets and payment applications, their first chain may simply be whichever network their provider uses. Their choice of trading venue will depend on execution quality, liquidity and convenience.
Requiring those users to move to a particular chain before they can trade creates an acquisition barrier: another transaction, another fee, another interface and another opportunity to abandon onboarding. It also asks wallets and neobanks to move customers away from their existing infrastructure to integrate BULK.
Multichain access lets BULK meet that distribution where it already exists. A wallet or neobank could offer its customers BULK markets through the rails they already use.
The lesson from multicurrency products like Wise is that a single financial relationship can span across several underlying currencies and payment systems. We expect users to increasingly demand the same convenience across chains.
A unified clearing layer can make capital more productive and markets more liquid.
The strongest clearinghouse analogy is capital efficiency. Traditional clearing infrastructure brings eligible collateral and positions into a common risk framework, allowing qualifying exposures to offset and reducing the capital required to support them.
This today belongs to CME Group.
For BULK, the opportunity is to connect capital held across supported chains to a common margin system and shared order book. A traderβs access to liquidity should not depend on which chain funded their account. A market maker should be able to serve that combined demand through the same BULK markets.
This creates an economic advantage: more sources of capital and order flow can support deeper books; deeper books can improve execution; better execution can attract more traders and integrations.
That advantage depends on keeping liquidity concentrated. Multichain access should bring users into the same markets, with eligible collateral recognized under a consistent risk framework. It should also let users withdraw available capital through supported destination chains, making BULK useful within their wider financial activity.
BULKβs specialised execution layer gives it a natural role connecting these rails.
BULK is a purpose-built trading L1 rolled into an order book, matching engine and risk engine. Its value comes from how efficiently it executes trades and manages risk. That specialization gives it a reason to serve capital from multiple ecosystems.
Today, collateral lives on Solana, and BULKβs ledger tracks the corresponding balances, positions and margin. Extending that model to supported networks such as Arc, Tempo, Arbitrum and HyperEVM would allow more funding and withdrawal routes to connect to the same execution system.
The architectural principle is to handle each chainβs confirmation and settlement requirements at the funding boundary. Once collateral is securely recognised, trading should run through BULKβs own execution and risk process. This allows BULK to preserve its performance while broadening access.
The intended experience is straightforward: fund from a supported chain, trade against BULKβs shared liquidity, and withdraw available balances to a supported destination. A user could enter from Solana and exit on HyperEVM, with BULK coordinating the accounting, settlement and destination liquidity required.
For wallets and neobanks, that would make BULK an exchange and clearing integration they can use across their supported networks. Each additional rail would expand access to the same venue, and strengthen the market already serving everyone else.
I'm early to @Graildotfamily.
Private launches on Ethereum, powered by Railgun.
g(rail)
Remove all, just use @KrakenWalletHQ
Aura farming @squeekchain
squeekchain.com/genesis/i/c3β¦
Aura farming is live πΉπ¦
Earn Badges β Farm Aura β Get Whitelisted
Squeekchain is looking for people that want to actively spread the word and grow the squeeky ecosystem in the lead up to launch
The whitelist program is designed to recognize real contributions and active participation
πΉ This is the first version, and we'll be updating and adapting it based on your feedback, including tightening up some badge criteria
πΉ New badges will be released in the coming days. These include, but not limited to onchain activity and NFT holdings
If you're a dev, we'll open up the Code path tomorrow: rewarding builders for creating fun, creative apps and SqueekFi on top of Squeekchain
Join β squeekchain.com/genesis
Two world, one bridge
Bullish on @krakenfx ft @HyperliquidX
Hearing things about @inkonchain ramping up in hiring and onboarding
INK season is coming
Start bridging your assets to @inkonchain using @RIFTHQ router
INK ecosystem is heating up



































