Decentralized Finance | Sic parvis magna
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Joined October 2023
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The Method Maverick retweeted
in the last 48 hours alone:
- Binance $6.2 billion back
- Polymarket hack
- Chainalysis (the firm that top crypto organizations use to track crypto hackers) hack
yet we'll still have people saying we got lucky when we start flashing the PNLs in a few months/years' time
The Method Maverick retweeted
Nice try, but what you’re citing is a savings clause. It keeps existing finance and sanctions law in force but it doesn’t erase the rest of the section. What you fail to understand about the Clarity Act is that it would classify Binance as a covered person because it is a digital asset service provider.
No law stops every bad actor, but the Clarity Act would have given the people fighting them better tools and the ability to act faster. Your party voted no, and you have to own that.
Thanks for playing, Amanda Fischer!
The Method Maverick retweeted
BREAKING: 🇺🇸 President Trump says he’s looking into the $6.3 BILLION Binance hack, the biggest heist in human history.
The Method Maverick retweeted
Bybit is unaffected and operating normally. User funds remain safe.
We stand with @Binance and the broader crypto community during this time and offer our support.
Security is a responsibility we all share, and our team is ready to support wherever we can.
We’re aware of reports circulating across social media regarding a security incident affecting multiple platforms.
Bybit is not affected.
Our systems are operating normally, trading and withdrawals remain available, and user assets remain secure.
We are monitoring developments closely. Please rely on official Bybit channels for verified information and remain alert to misinformation and phishing attempts.
The Method Maverick retweeted
BREAKING: 🇺🇸 CFTC Chairman Michael Selig responds to the Binance hack, saying the CFTC wants to offer crypto exchanges a federal option to register with it.
The Method Maverick retweeted
Over the past 24 hours, our teams have been working around the clock to respond to a serious security incident involving unauthorized withdrawals of funds. This is a live update on where things stand - what we've done, what we've learned, and what comes next.
Bottom line: Binance will absorb the financial impact of these stolen funds, not our users.
Over $6.34B reserved, $5B already held in the exact impacted assets. ~$3B frozen so far with our partners,
Withdrawals resume once security checks are done. Then our Proof of Reserves, and a full post-mortem.
We are grateful to our users for their patience and understanding.
Read the full update:
The Method Maverick retweeted
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The Method Maverick retweeted
‼️ Chainalysis, the firm that tracks crypto hackers, was hacked itself.
It told customers in an email seen by ICD that an attacker using "offensive agentic techniques" accessed users' names, emails and role labels.
It says this has nothing to do with the $6.3B Binance heist.
The Method Maverick retweeted
one thing is certain: trust takes years to build and seconds to question.
binance needs to show the market that user protection comes first.
The Method Maverick retweeted
JUST IN: 🇺🇸 President Trump says he is looking into the $6.3 billion Binance crypto hack.
The Method Maverick retweeted
Kim Jong Un went from being dead last week to $6 billion richer this week
Generational comeback
The Method Maverick retweeted
1) Seems weird CZ would come out and immediately make it clear that he doesn’t run Binance anymore(we all know he runs it). Weird that Yi again reiterates this via calling him “major shareholder”.
2) Elon has made it obvious he us team hyperliquid. Might he plan to use them as a proxy to rid crypto of the cartel?
3) All of this seems planned. Circle/Tether froze funds freakishly fast. One employee w power to make $6b blunder? Idk if Binance has/had a hole in their balance sheet and needed to drive price down to try and cover cheaper or what, but something is going on.
I do not get a lot of confidence from Binance comms thus far. Seems like desperation. Similar to when Caroline Ellison tweeted ab buying CZ’s FTT for $22. Idk. Not a good feeling. Would prob be good for the industry if they were gone for good though. 10/10 now this. Ppl are over them.
