ғx αcc мαηαgεя..Web3.. үσυ cαη ∂м..
Nigeria
Joined July 2013
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Mîçhæl Ēñdôwēd retweeted
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…
Mîçhæl Ēñdôwēd retweeted
CRAZY: 🚀 BINANCE FOUNDER CZ SAID LIVE ON CNBC:
"I BELIEVE THAT WE WILL SEE THE BIGGEST CRYPTO SUPERCYCLE IN 2026."
What does he know ?
Mîçhæl Ēñdôwēd retweeted
In 2011, someone bought 10,000 Bitcoin for $7,805 at $0.78 and 14 years later sold it for $1.09 billion at $109,246.
That’s a 140,000x return on investment.
Mîçhæl Ēñdôwēd retweeted
Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice.
🙏🙏🙏🙏
Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.
(Still in flight, more posts to come.)
Onwards. 💪
Mîçhæl Ēñdôwēd retweeted
JUST IN: 🇷🇺🇺🇸 Russia warns the United States that strikes on Iran would have catastrophic consequences.
Mîçhæl Ēñdôwēd retweeted
JUST IN: 🇺🇸🇷🇺 US President Trump is considering officially recognizing Crimea as Russian territory.
Mîçhæl Ēñdôwēd retweeted
JUST IN: 🇨🇳🇺🇸 China says "if war is what the US wants, be it a tariff war, a trade war or any other type of war, we're ready to fight till the end."
Mîçhæl Ēñdôwēd retweeted
Women were asked “Why did you smash once and never went back?” These replies are wild asf😭😂🤣
Thread
Mîçhæl Ēñdôwēd retweeted
Just In:
Nigerians have successfully created maximum Bolt surge in Cape Town and Johannesburg, rendering South Africans stranded over unavailability and expensive rides.
Mîçhæl Ēñdôwēd retweeted
If you have ever wanted to know why there is oil theft in Nigeria, just watch this video
