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azzu.eth(∎, ∆) 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 described Aave deposit used only ~60M USDT as collateral to borrow 19,762 WETH before freezes hit the main wallet, not the bulk of funds; Aave states the overcollateralized position is subject to normal liquidation with no material protocol risk.
governance.aave.com/t/binance-hot-…
x.com/binance/status…
drk.vc/news/binance-1…
azzu.eth(∎, ∆) retweeted
A chemical engineer from a village in Gujarat turned ₹45 lakh into ₹101 crore.
No tips. No Telegram. No shortcuts. Here's exactly how he did it 👇
azzu.eth(∎, ∆) retweeted
10 Years before, US interest rate 2%, Rupee Dollar Hedging cost 4%, so cost of money for FIIs is 6%, Indian markets used to give about 12%, so it was lucrative for FIIs to invest in India.
Now, US interest is 5%, Hedging 4%, so cost is 9%. On top of which FIIs have to pay 12.5% Capital Gains Tax, so it is not worth taking risk just to get 1 to 2% returns in dollar terms.
azzu.eth(∎, ∆) retweeted
Your agent can now trade stocks.
Equities are starting to roll out on Coinbase for Agents.
Research stocks, analyze sentiment, track performance, and execute trades. Wherever you use AI.
azzu.eth(∎, ∆) retweeted
I've used Claude to backtest, build, and deploy dozens of AI trading bots.
This prompt is absolutely cracked.
Paste this into Claude Code, and your agent will guide you through the exact process for building your first trading bot.
Traders need this:
