BNB Chain research, one protocol at a time. Tokenomics • On-chain data • Tech • All in on CAKE | BSC 🚀
New York, USA
Joined December 2017
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$Cake | $PancakeSwap 🥞
🥞 Still waiting for the perfect price to buy bitcoin:native or ethereum:native ?
What if you could earn rewards while waiting?
@PancakeSwap Is paying you to wait 🥞
That’s exactly what PancakeSwap’s Dual Investment offers.
🎯 Choose your target price.
📅 Select your settlement date.
💰 Earn a fixed reward.
If BTC reaches your target, you buy at your chosen price.
If it doesn’t, you receive your original USDT plus rewards.
No need to stare at charts all day.
Set your target. Let the strategy work.
Explore Dual Investment 👇
pancakeswap.finance/dual-inv…
Crypto was never meant to depend on centralized entities.
If you lost your funds because an exchange got hacked, here’s a reminder of one of crypto’s founding principles:
Don’t trust. Verify.
Not your keys, not your coins.
Self-custody.
Financial sovereignty.
No middlemen controlling your money.
Crypto was created to give you control over your own assets.
Maybe it’s time to start using it that way. 🔑
What could be worse than one of the biggest hacks in crypto history?
Watching the market panic and missing the opportunity. 👀
This is Black Friday in crypto.
Fear is everywhere.
Prices are discounted.
And conviction is being tested.
The best opportunities rarely come when everyone feels comfortable.
Stay smart. Manage risk. Don’t let panic make your decisions. 🚀
Whenever you think you’re smart there’s always someone smarter than you🤭
The Binance hacker might have just pulled off one of the smartest moves I’ve seen in crypto.
First, Tether froze $1.5 billion in USDT.
Then Circle froze another $800 million in USDC.
At that point, it looked like the hacker’s money was trapped.
But apparently, he had already planned for that.
Instead of holding the stolen USDT in a wallet, he allegedly deposited it into Aave and used it as collateral to borrow ETH.
Then he walked away.
That’s where the story gets crazy.
Tether can freeze the USDT sitting in the wallet.
But it can’t freeze the ETH he already borrowed.
So now Aave is left holding frozen collateral, while the hacker is sitting on liquid ETH.
And unless the protocol can recover it somehow, he may not even need to pay the loan back.
Two companies froze billions of dollars in seconds.
But someone who understood how to use DeFi may have found a way around both of them.
Pretty insane when you think about it.
Readers added context they thought people might want to know
The frozen $1.5B+ USDT and $800M+ USDC were held in the attacker's main wallet (shown in the post's image), not Aave. Only ~$60M USDT from a related wallet was deposited into Aave pre-freeze to borrow ~$45M ETH.
governance.aave.com/t/binance-hot-…
decrypt.co/382191/binance…
coinstats.app/news/1f0734d0f…
🥞 A quick reminder for DeFi users
A token’s ticker doesn’t tell you the whole story.
Before bridging any asset, always check
🔹 Which blockchain is it on?
🔹 Is it the native token or a bridged representation?
🔹 Which bridge supports it?
🔹 Is the destination contract verified?
Holding $UNI on opBNB isn’t necessarily the same as holding native UNI on Ethereum.
And the same principle applies to $CAKE across different chains.
Don’t just check the ticker.
Check the contract.
Protect your assets. 👻
Do we really believe every exchange hack is exactly what we’re told it is?
What if some incidents involve insiders or compromised internal controls?
Could a supposed hack ever be used to hide financial misconduct, move funds, or avoid liabilities?
I’m not saying that’s what happened.
But in an industry where billions are involved, shouldn’t we question the official explanations and demand independent investigations?
Don’t trust blindly. Verify everything. 👀
It’s good that he has no $Cake
we already have enough selling pressure
Attention!
The Binance hacker is now dumping $PEPE, $UNI, $LINK, and other tokens on-chain for $ETH.
Please note:
The hacker still holds large amounts of the following altcoins, which could face heavy selling pressure:
217.497M $ENA ($39.51M)
7.579T $PEPE ($34.41M)
2.575M $LINK ($28.07M)
128.034K $AAVE ($15.9M)
74.56M $ARB ($11.54M)
1.938M $UNI ($12.62M)
21.852M $ONDO ($8.52M)
17.318M $WLD ($6.73M)
714.911M $FUN ($6.29M)
87.853M $ZAMA ($6.02M)
3.602M $ZRO ($5.69M)
3.382B $RSR ($5.02M)
Ghost 🥞 retweeted
We are working non-stop to resolve this issue. Binance will cover all losses.
As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
We are working around the clock and will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
This is an industry-wide effort, and we are grateful to partners across the ecosystem who have moved quickly to help freeze affected assets.
We will continue to share verified updates through official Binance channels. User funds are safe.
