Contents & Replies ♥🎨 @doginaldogs 🐾 @RegardlessDAO 👾
Joined September 2024
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Grace retweeted
Every single asset on earth is crashing at the exact same time.
This NOT a coincidence.
This is insider trading being done at the highest levels.
The elites and world governments know exactly what's going to happen.
It's all going to make sense on November 17th.
Follow their lead.
Grace retweeted
JUST IN: 🇺🇸 President Trump says he is looking into the $6.3 billion Binance crypto hack.
Grace retweeted
you can make a lot of money in crypto.
you can also lose yourself chasing it.
charts at 3am. no sleep. no peace.
that's not freedom. that's a new cage.
build slow. stay whole. think in years, not candles.
grow, regardless.
Grace retweeted
they can print money.
but they can't print freedom.
hold your own. spend it your way, regardless.
Grace retweeted
Saw a few discussions about size of hack, why impact to bitcoin price is small, etc. 👇
$6.3 billion is the biggest in USD terms, but not in BTC terms. MtGox was 650,000 BTC!
Other important numbers to consider:
% of bitcoin (in relation to BTC total supply), ie, market impact. MtGox is big there again at 5%+.
Number of users impacted, and % of user assets impacted. MtGox (the largest CEX at the time) and FTX (not small) were all near 100% of users and their asseets.
Most important: Who is impacted? Does the platform cover it all? (only one victim), as in recent two CEX cases and Binance.
Obviously, still a major disaster for the industry, Binance (and me). It hurts, but we survive.
Most importantly, we protect our users.
(image from @MatthewRoszak)
Grace retweeted
There’s a big difference with a hack happening at Binance vs. any other exchange
Binance has the funds to make sure everyone is secure
This reaction from Binance is also going to go down in history as a case study to prevent further hacks and they’ll spear-head it.
Binance will continue to prevail as a true leader in this industry.
Grace retweeted
Seems token recovery already began.
Another little detail in addition to the effort described, users pay trading fees on Binance in the coins they trade, so Binance's naturally accumulates all tokens they list.
Your funds are SAFU!
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.
Grace retweeted
i built a shortcut.
10 gifs used to cost $150 - $200 bucks.
now $15 gets you a generator that turns any of your dog pfps into official @doginaldogs gifs in seconds, as many times as you want.
codes are in my subscribers chat.
Grace 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.
