no risk, no porsche | prev: marketing @nostrafinance
Joined February 2025
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if you're interested in points and pre-TGE tokens, you must check out @arcxtrade
the team is shipping at god speed
Today's my first day at Binance as a DevOps engineer.
Everyone has been super welcoming.
Bloomberg reached out for an interview and gave me a link for the interview. Couldn't unmute and with their help installed a software to help.
Grateful for the warm welcome! Wish me luck!
Credit where it's due. Airtel could, but never gave cheaper internet to its users prior to Jio launch.
Thanks to Ambani ji for bringing in a competition in the market and providing us with cheap and good quality internet.
Without him most people would still be unemployed in India.
got another chunk of ~17000 Garuda Aerospace @garuda_india CCPS in case anyone's interested
FYI these guys are the pioneers in the agri drone space, and moving in steadily into defence drone manufacturing.
Started investing in Indian SMEs in August.
First deal: a business doing $300k/year in profit.
On track to make ~30% APR.
Traditional businesses look boring from the outside. That’s exactly why the returns are there.
The rule: one business at a time. Learn ops, margins, customers, and suppliers inside out before the next.
The long game: acquire businesses that feed each other, vertically and horizontally, and build an ecosystem where the whole is worth more than the parts.
If you run or know a solid SME in India, my DMs are open.
The first thing i do when i wake up in the morning is open tha ArcX points market to see how the markets are doing in terms of valuations and demand
While I have already sold my Variational points at more than $1b FDV, I am currently looking to buy points at a cheaper valuation
RISEx is one such market and I expect an easy 2 to 4x over 1 year
Hoping the team gets more liquidity over the next few weeks
Serbia’s students just toppled Vučić. Hungary showed Orbán the door. Israel can’t find a majority. India’s campuses are restless. US midterms in days.
Feels like the ground is shifting. 🌊
Sumit Gupta hoping there's no bank run on CoinDCX
tldr of things happened with @CoinDCX In last 4 days
~ got hacked for 16M$ and didn’t even said a single ( complete silence )
~ ZachXBT and one another investigtor alarmed everyone on CT
~ puppet CEO came and called it rumours and says no wallets affected
~ I checked POR and victims address
~ 2 of their new wallets also got hacked, along with old one
~ CoinDCX published an AI slop and said it “operation losses” ( no amount mentioned )
~ they quickly deleted the new exploited wallets from POR ( which got hacked )
~ came after 3 days and admitted $16M losses ( new wallets still not admitted )
~ made $170k in profits last year but reimbursing $16M
~ one day later, data leaked and users got phishing emails
~ so called “decentralised wallet @okto_web3 ” also sending phishing notifications
~ clown CEO goes to vipasna 😭
crazy things happening with CoinDCX, and we are supposed to show sympathy ?
at this point, what’s in control of team ? I’m so confused lol
please withdraw every single $ from Coinbase asap
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the best thing to do now would be to partner with a complaince officer and launch an exchange in India
ANOTHER RED FLAG IN @CoinDCX'S SO CALLED "SWEEP FAILURE" AND ILLICIT ~16M USDT TRANSFER 🚨
Onchain data shows nearly the entire ~15.82m USDT, drained from the dcx’s deprecated TQKJQ address, arrived in 88 transfers from a single wallet (TSC5MzYDNqtp3HDpqCNpTAs5pnT7wt4Hrd) between late January and March 2025.
Many of them were in the hundreds of thousands of USDT (which clearly shows its not user deposits; and no users should be dumb enough to send such large amount to deprecated wallet). (see image 1)
Coindcx says the balance built up because some users kept depositing to old addresses while an internal sweep failed, with the issue only spotted on Oct 22. That explanation is hard to square with 88 large transfers from one source. These concentrated inflows from TSC5M raise further questions about who was sending the funds and why.
One more thing; users don’t pick deposit addresses themselves; the exchange shows them in the app. A professional counterparty continuing bulk sends to a known compromised address also sits uneasily with normal practice.
Also, it was not only one wallet from usdt were sent; its a cluster of wallets which all belongs to Coindcx. So technically, its more than 16m usdt that were stolen from the exchange (see image 3)
Now coindcx first called the activity a false alarm, then admitted operational losses that it says it absorbed and credited to users without public detail on how many users were affected, the exact failure window, or independent verification of the credits.
Questions that remain unanswered:
1. who controls TSC5M? an undisclosed LP or the exchange itself?
2. the loss will be absorbed (which is 160 CRORE in INR bdw) but who is really paying it off? i dont think the exchange has balance in sheet to cover it.
3. If it really was deposit address (TQKJQ) and users were transferring unknowingly, why all the deposits suddenly stopped after the incident?
4. Why did the exchange removed wallets from its proof-of-reserve? (which is also hosted on third party website; who knows why)
@CoinDCX @smtgpt you can be fully transparent to actually ensure funds are safe unless ITS NOT! just stop lying.
I WOULD RECOMEND EVERY COINDCX USERS TO WITHDRAW FUNDS AS SOON AS POSSIBLE; UNTIL CLEAR UPDATES FROM THE TEAM!
Track:
TSC5M (LP??) - arkm.com/explorer/address/TS…
TQKJQ (dcx's claimed deprecated deposit wallet) - arkm.com/explorer/address/TQ…
TAg6S (where usdt were sent) -
arkm.com/explorer/address/TA…
cc @zachxbt @DarcyAri
this is true for most
that is why most cant be successful businessmen, or marketing folks, or founders, or journalists, or engineers
focus on your passion, work towards it, refine your skills, growww
lol
CoinDCX has NOT absorbed the $16m loss in the company's books
they have never made profits over the years, there's not 1 full year where they made money
with investor funds burning, it's the users who will lose their hard earned savings
withdraw all before it is too late
CoinDCX finally admitted the $16M loss
But the crazy part is it took them 3 days to admit it. On day 1, the CEO called it a rumour and said none of their addresses were affected.
Kinda funny how they think the community is fool and they can fool us this easily
I'll say it again, withdraw every single penny from these shady, low-tier exchanges.
Don't wait, if you love your money
focus for the next 1 year
> silver
> hyperliquid:native
> agricultural and industrial land acquisition
> metal stocks in India
> launching a coin that funds a social cause
if you haven't traded on Variational this is your last chance to get free $6,000 or so in points
Use my referral code, trade for a week, earn points, chill
omni.variational.io/?ref=OMN…
