Raider retweeted
The FBI did not name me to stop, and even if they did, I would be forced to comply and it would *still* have no bearing on the function of the protocol.
The fact that the FBI did in fact call out the protocol —— and nobody could do anything —— means in fact the protocol is decentralised. Nobody in their right mind in a western country would flagrantly ignore a direction like that.
Raider retweeted
If you censor one group you will censor a second, then a third,....
Get out of crypto. We dont want your centralized NEAR-ly a DEX.
Totally agree.
Crypto assets were supposed to be fungible. Now CEX puppets and their regulatory masters are attempting to destroy asset fungibility as a further attack on the crypto ecosystem.
Never custody your funds with any CEX.
Star Xu’s response raises even more questions than it answers.
@okx claims to prioritize user protection, yet where was that protection BEFORE users transferred their funds?
If OKX knew that transfers from @MEXC could trigger account freezes and investigations, why wasn't this clearly communicated to users in advance?
You had a 30-day transition period under FinCEN's measures. You chose to tighten restrictions ahead of schedule. That's your decision. But why should innocent users bear the consequences of a policy they were never properly warned about?
You acknowledge that some users may be innocent. Then why subject their funds to freezing and prolonged investigations simply because they came from a particular platform?
Compliance is not a justification for abandoning basic user fairness.
If OKX wants to apply sanctions-level risk controls, it should also provide:
- Clear advance warnings.
- Transparent criteria for account restrictions.
- Specific explanations for affected users.
- A reasonable and timely process for releasing legitimate funds.
Saying “protecting users is our top priority” means very little when users discover the risks only AFTER their money is already trapped.
Users are not asking OKX to violate the law. They are asking for transparency, fairness, and the right to know the risks BEFORE making a transaction.
You cannot claim to protect users while making them pay the price for your compliance decisions.
That is not user protection. That is putting compliance first and asking users to deal with the consequences.
169
Yet another reason to never use CEXs. Never custody your funds on any CEX and risk having your funds arbitrarily placed under "review" with open-ended timelines and no recourse.
The era of the quasi-tradfi CEX is coming to an end. Permissionless decentralised swaps are mainstream!!
#THORChain #Maya_Protocol
Sorry for the inconvenience. We understand that you may be an innocent user caught up in this situation, and we sympathize with your frustration.
Please avoid transferring funds directly from MEXC to OKX.
OKX treats FinCEN special measures with a level of caution similar to sanctions. Under our compliance controls, funds associated with affected platforms may be frozen, and related accounts may be subject to further investigation.
Although FinCEN has provided a 30-day transition period, OKX has already significantly strengthened its controls rather than waiting until the deadline.
Protecting our users and maintaining the integrity of the financial system remain our highest priorities.
We appreciate your understanding and cooperation.
1
171
Raider retweeted
The writing has been on the wall for CEX's. They have long believed they can inconvenience and harm their users while they conduct internal reviews, etc, because there will always be more new users to replace the unhappy users. But now there are hundreds of high quality alternatives. There is a very big difference between conducting a review (which they are welcome to do in the background without harming the user) and locking up a user's money indefinitely while they do this.
Raider retweeted
The rules are on-chain, the nodes have a say, and nobody gets to just wake up and change things because they feel like it.
Code, consensus and accountability. That's the cypherpunk way.
On THORChain, decisions are made directly on the blockchain. For an important change to be accepted, ⅔ of its nodes have to vote for it.
Right now, 111 nodes are active. They all bond at least 300,000 RUNE, put up as collateral to secure the network. Each node has one vote, no matter how much it has bonded.
All nodes run software called THORNode. Anyone, from devs to community members, can suggest changes to this software. These ideas are discussed in Discord (open to anyone to join) and fine-tuned until they become code.
The changes are then submitted to the nodes, who decide whether THORNode moves to the next version, or not. It takes the approval of ⅔ of the nodes.
Nodes also vote on network parameters through a system called Mimir. For economic changes such as fees, it takes ⅔ of the nodes. For operational changes such as security, only 3 votes are required. 4 nodes can vote to rescind an operational mimir, then 5 node votes can counter the 4, and so on.
Some actions don't need a vote at all. For example, two nodes are ejected from the network every churn period (roughly 3 days), the oldest node in the network and the node with the most slash points. Swapping is automatically halted if the network detects an insolvency.
Raider retweeted
.@monero is ready on @THORChain. The code shipped in v3.21.1.
So why wait?
Check out the latest THORSday article recap to find out:
blog.thorchain.org/monero-is…
Raider retweeted
Apparently @NEARProtocol invented cross chain swaps everybody! WOW! No one else figured out how to get blockchains to work together before. And to do it in such a centralized way, just never been done before. The future is ~~7 years ago~~ now!
Crypto has thousands of blockchains, but getting them to work together remains one of its BIGGEST challenges.
NEAR co-founder @ilblackdragon believes he's found a way to solve it.
From connecting blockchains to enabling AI agents to transact onchain, NEAR is building something much bigger.
But what does this mean for near:native and for crypto as a whole?
New Insider interview OUT NOW: youtu.be/q6DJCivzLyE
Raider retweeted
Security warning: Anyone using Keplr Wallet who originally created their wallet through Apple, Google, or email authentication is strongly advised to treat that wallet as potentially compromised.
As a precaution, consider creating a new, secure wallet and transferring all your assets to it as soon as possible.
Also, carefully check your wallet activity and transaction history. If you notice any unauthorised transactions or unstaking operations that you did not initiate, please send me a DM immediately.
Better safe than sorry. Stay vigilant and stay safe. #lunc #luna #cosmos #keplr $lunc $luna
Raider retweeted
You're only as decentralized as your most centralized component.
If i have a metal titanium chain, but the center link is a paperclip, the chain is only as strong as the paperclip. I might as well have a chain of just paperclips, it would be the same strength.
Raider retweeted
On THORChain, decisions are made directly on the blockchain. For an important change to be accepted, ⅔ of its nodes have to vote for it.
Right now, 111 nodes are active. They all bond at least 300,000 RUNE, put up as collateral to secure the network. Each node has one vote, no matter how much it has bonded.
All nodes run software called THORNode. Anyone, from devs to community members, can suggest changes to this software. These ideas are discussed in Discord (open to anyone to join) and fine-tuned until they become code.
The changes are then submitted to the nodes, who decide whether THORNode moves to the next version, or not. It takes the approval of ⅔ of the nodes.
Nodes also vote on network parameters through a system called Mimir. For economic changes such as fees, it takes ⅔ of the nodes. For operational changes such as security, only 3 votes are required. 4 nodes can vote to rescind an operational mimir, then 5 node votes can counter the 4, and so on.
Some actions don't need a vote at all. For example, two nodes are ejected from the network every churn period (roughly 3 days), the oldest node in the network and the node with the most slash points. Swapping is automatically halted if the network detects an insolvency.
Raider retweeted
This is why you should've been building cypherpunk tech the whole time instead of proto-CBDCs and TrustMeBroFi.
But that's none of my business. ☕
🚨JUST IN: 'Anti- Crypto' Elizabeth Warren set to become Senate Banking Committee chair, giving the outspoken crypto critic major influence over financial regulation.
The role would put Warren at the center of crypto legislation, banking oversight and scrutiny of financial regulators.
Democrats also plan to investigate financial ties between the crypto industry, President Trump and his family, per Bloomberg.
Raider retweeted
Not even sure if it's possible, but it would be amazing if @THORChain could scale to 1,000+ nodes.
With Protocol-owned Liquidity doing its work already and monero:native being integrated soon, a few very important steps have been taken. Yet, with @THORChain offering permissionless privacy through monero:native and $ZEC, it also became an even bigger target for governments.
More nodes mean more decentralization, making it harder to come after the protocol.
Raider retweeted
Not your keys, not your coins?
Apparently, it's now:
Your keys, our RPC. Your coins, our permission.
A scammer sends 0.0001 dust to your wallet without your consent.
You didn't approve anything. You didn't interact with the scammer. You simply received an unsolicited transaction on a public blockchain.
Then Phantom's compliance filter kicks in:
"Your address has interacted with a flagged malicious entity. Transactions disabled."
Wait. WHAT?
So a random scammer can poison my wallet address with dust, trigger your automated risk detection, and suddenly I can't use your wallet interface to move my own assets?
Welcome to self-custody, where you own the keys but apparently need corporate permission to use them.
The blockchain didn't freeze my account.
The centralized frontend did.
The irony is almost too good.
We built crypto to escape banks freezing our money, only to end up with fintech apps wearing a decentralization costume.
If a wallet can unilaterally disable your ability to transact because some random third party sent you dust, maybe it's time to rethink what "self-custody" actually means.
Not your keys, not your coins?
More like:
Your keys. Their rules. Their permission.
Peak Web3 UX. 🤡
Raider retweeted
Laura Shin is a bad actor in this space.
Starts her post on a premise that isn't true to push her ongoing anti-Thorchain messaging to appease her sponsors (some of whom are TC competitors).
After the @binance hack, it took just three node votes to halt THORChain on 10 chains. ⛔
I asked @tanuki42_ and @pablosabbatella what that says about THORChain's claim to be as decentralized as Bitcoin or Ethereum. 🗳️
youtu.be/Lg84XNrPKTY
Raider retweeted
Regarding Terra Classic Governance Proposal #12236
We are genuinely struggling to understand the reasoning behind the NO WITH VETO votes on our proposal.
Let's clarify a few things.
We are simply asking for permission to update our own smart contracts for Juris Protocol and LSF Exchange.
These updates are necessary to address security issues, maintain our infrastructure, and migrate our liquidation engine.
We are NOT requesting permission to execute arbitrary code on Terra Classic, nor are we asking for Community Pool funding or control over anyone else's contracts.
In principle, we strongly believe that Terra Classic should have permissionless smart contract deployments. We do not want a permanently permissioned environment in which developers need governance approval just to maintain their applications.
In fact, we supported the introduction of the current temporary restrictions ourselves.
We did so because of serious security concerns and specific circumstances that we unfortunately cannot disclose further details about at this time.
These restrictions were never intended to become permanent. They are a temporary, responsible precaution while the underlying security issues are being addressed.
We stand by that decision.
However, responsible security measures should not unnecessarily prevent legitimate builders from maintaining and securing their existing applications.
We are simply asking to continue developing and maintaining our own products within the security framework that we ourselves supported.
We fully respect the right of every validator to disagree with our proposal.
But we would genuinely appreciate understanding what specifically justifies a NO WITH VETO rather than a regular NO vote in this case.
We remain committed to building on Terra Classic, improving its DeFi infrastructure, and contributing to a safer, more sustainable ecosystem.
🤝 $JURIS | $LUNC
🔗 validator.info/terra-classic…
#TerraClassic #LUNC #JurisProtocol #DeFi
Raider retweeted
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