CULTist 🩸🩸🩸

The Binance $5.6B drain is a masterclass in modern EVM exploitation. It wasn't a complex logic bug. It was an EIP-7702 delegation hijack: 1. Setup: Attacker funds 0x7c86 via Tornado Cash, deploys a sweep contract (0x63e8), and runs three live dry-runs on external wallets. 2. Execution: Attacker submits an EIP-7702 batch with 50 pre-signed authorizations (nonce n to n+49) to hit Binance 14's moving nonce window. 3. One authorization hits. Instantly, Binance 14 (an EOA) is reprogrammed to run the attacker's contract bytecode. 4. Execution looks totally organic: Binance 14 sweeps itself clean. Internal threshold alerts don't trigger because, from the nodes' perspective, the hot wallet is just executing its own transaction. 5. Binance 16 immediately auto-refills 28,000 ETH due to automated treasury rebalance scripts, feeding the exploit loop. The cold truth: you cannot forge an EIP-7702 delegation list. For this to execute, the attacker already held the raw private key or unconstrained signing access to Binance 14's HSM/KMS. But hey, 5.64 billion drained across ETH, BTC, and Tron. 2.54 billion frozen by Tether, Circle, Ripple, and World Liberty within hours. Code is law until the stablecoin admin keys log in. Binance got bailed out by the very centralized choke points the cypherpunks warned you about. Hardware wallets leak your home address. Centralized exchanges leak the keys to the kingdom. Self-custody on native, non-delegated chains remains the only honest baseline. At least you know what to avoid.

We’re pleased to report that @moduluszk's zkFOL tech stack is now public for review at github.com/zkFOL/zkfol/.   The paper draft is also online at github.com/zkFOL/zkfol/blob/… Our docs and website have been updated inline.

The cryptographic world computer: vitalik.eth.limo/general/202… My attempt to express in somewhat concise terms the true meaning of basically everything planned to happen to Ethereum starting from the fork after Hegota. It's really not just a blockchain anymore. It's a hybrid architecture that combines together blockchains and modern cryptography, to enable much more powerful properties. FOCIL, EIP-8288, Lean consensus, state management, formal verification, advanced mempool improvements (including privacy), and the longer-term specter of obfuscation all mentioned.

99.9% lose on Solana memes. At least with decentralized immutable tech & a great community, you have a chance. People like to think they could, or would, have caught the 10 or 100X you see KOLs post. In reality, you only see survivors. You don't hear from those lost in action.