Little to say, much to do | Web3 enthusiastic | NFT Lover | Rocker | Rock is my religion 😎🤘| Made in Bogotá, Colombia
Bogota - Colombia
Joined July 2011
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Fer_X_NFT retweeted
18 years ago today, Satoshi Nakamoto published the Bitcoin white paper.
4 years ago today, Nakamigos began.
14 years ago today, Satoshi Nakamoto published the Bitcoin white paper.
Today Nakamigos begin. #NewProfilePic
Fer_X_NFT retweeted
1/
@CashmereLabs TGE happens through Mountain.
Token is $CSM, total supply 666M.
10% Uniswap v4 LP
25% Treasury
65% mined over time through Mountain
One official pool: ETH/$CSM on Uniswap v4. It can’t trade on other pools.
The irony is that this guy’s name is Binance Hacker, I mean the Binance Hacker. 🫠
Binance hacker is still moving assets between wallets.
Check it yourself: arkm.com/explorer/entity/bin…
Fer_X_NFT retweeted
Binance still has to buy $40M of ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933
and everyone is still short since yesterday
This could be one of the biggest short squeeze’s in history
Fer_X_NFT retweeted
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
Fer_X_NFT retweeted
$BTC:
Binance needs to replace the missing assets. Whatever cannot be restored through recoveries or existing company holdings needs to be BOUGHT BACK. The exact purchase amounts have not been announced.
The estimated impact is $6.3 BILLION, with approximately $3 BILLION already frozen. The Frozen Funds will be Re-Minted and sent back to Binance while the Frozen funds will remain frozen forever. The full $6.3 billion represents 3.91% of all Binance holdings, once Tether/ Circle re-issue the frozen $3 billion, the remaining hacked amount falls to $3.3 BILLION, or 2.05% of total Binance assets. So in case nothing gets additionally frozen in the next days, simply translates into: Binance is forced to re-purchase $3.3 BILLION of stolen assets and that includes a big amount of Bitcoin. And in another way of translation this would mean, the Hacker holds $3.3 Billion worth of BTC and he won’t sell it as Hackers prefer BTC, and on top Binance needs to purchase Crypto and BTC worth $3.3 Billion. So overall, and mathematically correct this hack brings an inflow of $3.3 bn. This is why hacks are less harmful than liquidations such as FTX.
Let the bears celebrate the panic. I remain VERY bullish. In my view, the bull market continues, my longs from $80,400 and my spot holdings from $60,000 remain open, and this hack does NOT shake me out. I entered this market prepared for volatility. Let the bears celebrate today’s drop.
Yesterday Bitcoin was $2,000 above my long entry. Today, it is $2,000 below it. And I haven’t made a big deal out of it, ignore the volatile fluctuation and I’m trusting @cz_binance for 100%. The bull market needs to continue and I feel sorry for everyone who is capitulating based on this FUD.
Was $PEPE the target?
UPDATE:
The wallet linked to Binance hacker is now completely out of $PEPE 🚨
Selling wallet:
0x600d6f00eadabdb514561ceeb43730a7103e8298
this wallet received 7,772,980,000,000 $PEPE, worth $38.19M, from the main address involved in the Binance transfers.
85 swaps executed over 81 minutes
5.99 trillion $PEPE sold
10,998.64 $WETH received
$25.56M realized
All 85 swaps went through the same Uniswap V2 PEPE/WETH pool:
0xa43fe16908251ee70ef74718545e4fe6c5ccec9f
Instead of dumping everything in one transaction, the wallet repeatedly sold smaller amounts.
Not a single swap exceeded $1.05M
Now it currently holds: 14,049.9 ETH
($31.7M in ETH)
Zero $PEPE
And remember, the main receiving wallet:
0x5227f603c1ee34ce3c06efe6477003bdfccb2f8c
Bottom could be in for the frog.
Fer_X_NFT retweeted
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
Fer_X_NFT retweeted
BREAKING: Arbitrum Security Council has executed a transaction to freeze ~$30.5M from the Binance Exploit.
Thanks to all other signers involved.
Exploiter address
0x3E2bf1ac6bf0934BBba6456C341c2EcbCED632d5
Trsanction hash: 0xb69c81774f507d46ce776aeaed8b4d31df96dd66ce6fd05073481011835355d6
