Rune Maxi retweeted
I think @elonmusk should buy him out and tell him to stick his $ where the sun dont shine and that is his Jail bird BEHINE !!
@SBF_FTX is snow white compared to this thief .
First 10/11 almost 17 billion stole from the space and now this , This guy is a cancer to the space !
Rune Maxi retweeted
6 years ago, @cz_binance said binance used multi-sig, tss, and other security technologies to eliminate single points of failure.
yet, 6 years later, binance reportedly lost close to $6B in assets because a single devops engineer's laptop was compromised.
how can a single employee's compromised laptop put billions of dollars in assets at risk?
where were the internal security controls? why wasn't there another layer of protection to prevent this?
we keep talking about decentralization, institutional adoption, and securing billions in on-chain assets.
but are the industry's internal security practices keeping up?
where is this industry heading?
Rune Maxi retweeted
If every Binance customer tried to withdraw their funds right now I don't think Binance would have enough crypto to cover what it owes them
Which is why all withdrawals have been halted indefinitely
Btw there's a term for this situation
Insolvency
Rune Maxi retweeted
Beware of anyone telling you that your funds are "safe" inside of Binance
This is obviously untrue
Rune Maxi retweeted
IT IS VERY LIKELY THAT THE TOTAL BALANCES OF BINANCE'S CUSTOMERS EXCEEDS THE VALUE OF THE CRYPTO THAT BINANCE CURRENTLY HOLDS
THIS IS CALLED A "HOLE" AND MEANS THAT BINANCE COULD BE ON THE VERGE OF INSOLVENCY
THE ONLY WAY FOR CZ TO GET OUT OF THIS SITUATION IS TO LIE AND TELL USERS THAT THEIR FUNDS ARE "SAFE" THE SAME WAY THAT SBF DID SO THAT THEY WON'T WITHDRAW
BUT WHEN BINANCE RESUMES WITHDRAWALS IF ENOUGH USERS RUSH TO WITHDRAW IT CAN CAUSE A "RUN ON THE BANK"
THIS CAN TRIGGER A DEATH SPIRAL THAT COULD LEAD TO BINANCE'S COLLAPSE
IT'S IMPORTANT TO REMEMBER THAT CZ IS A CONVICTED FELON WHO HAS SERVED TIME AND CANNOT BE TRUSTED
YOU DO NOT WANT TO RISK BEING THE FTX CUSTOMERS WHO LOST EVERYTHING
THE MOMENT THAT BINANCE RESUMES WITHDRAWALS GET YOUR FUNDS OUT IMMEDIATELY!!!!!!
Rune Maxi retweeted
A reminder to never believe a single thing Binance says
CZ is a serial liar and convicted felon who has served time
You would have to be a complete moron to not withdraw your funds from Binance the moment that withdrawals resume
Rune Maxi retweeted
Hey @standuquesne,
You should invest in the #1 Bitcoin memecoin
Sincerely,
$DOG Army
Rune Maxi retweeted
Don't worry guys
CZ can just nuke the market to make his lossed back from this hack
Rune Maxi retweeted
A HACKER IS DRAINING BILLIONS OF DOLLARS FROM BINANCE
ATTACK IS ONGOING
GET YOUR MONEY OUT OF BINANCE BEFORE THEY HAULT WITHDRAWALS!!!!!!
Rune Maxi retweeted
A lot of people will be leaving crypto and not returning.
And I understand completely.
Rune Maxi retweeted
This is a lie
Binance was just hacked (likely by AI) for $5.8 Billion
User funds are NOT safe
Withdraw ALL funds as soon as Binance enables withdrawals again
Rune Maxi retweeted
Runestone was a true airdrop
You didn't even need to pay network fees in a "claim"
You just woke up one day and it was in your wallet
Rune Maxi retweeted
I think we’re getting close to a bottom in crypto.
One of the biggest signs for me is how many people are giving up. They’re tired, frustrated and don’t want to hear about another cycle.
That alone doesn’t mean we turn around tomorrow, but it’s a big part of why I’m getting more bullish.