Professional crypto gambler
Joined May 2012
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The Crypto Monk 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…
The Crypto Monk retweeted
Tether froze more than 1.567B USDT related to a potential Binance exchange hack.
Protecting the industry and our partners is our main priority.
Stay safe everyone.
The Crypto Monk retweeted
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
The Crypto Monk retweeted
JUST IN: Tether freezes $971 million $USDT linked to suspected Binance hack.
No official statement from Binance yet.
The Crypto Monk retweeted
JUST IN: 🇺🇸 NYSE owner to bring Hyperliquid $HYPE perpetual futures to regulated US markets.
The Crypto Monk retweeted
🏔️ BASE CAMP DAILY RECAP — OCT 28
📊 Crypto market cap climbs to $2.72T as sentiment holds neutral.
Today's highlights:
• BTC ETF inflows hit $176M
• Robinhood crypto revenue drops 55% YoY
• CFTC takes Utah to court over prediction markets
Stay informed. Trade with context.
The Crypto Monk retweeted
Binance is expanding its regulatory footprint in Brazil 🇧🇷
→ New license strengthens its local presence
→ Brazil remains a key crypto market
→ Regulation is becoming a competitive advantage for exchanges
basecamp.markets/binance-bra…
Y’all are too cautiously optimistic and it shows.
All gas, no brakes.
This is crypto, not the euro stock market.
(Yes i wrote this after a pico green candle and $50 of profit on my longs)
The Crypto Monk retweeted
$ZEC’s ecosystem is investing in its own future.
→ Zcash Community Grants funds privacy-focused development
→ New grants support builders across the ecosystem
→ Long-term adoption depends on more than price action
basecamp.markets/zcash-dev-f…
The Crypto Monk retweeted
Kraken is bringing $HYPE-powered perps to US traders.
→ Regulated access to perpetual futures
→ Hyperliquid expands beyond its native ecosystem
→ A new competitor for US derivatives volume
basecamp.markets/kraken-hype…
Don’t waste your time.
He is bearish BTC but long TAO.
Dude has no clue about crypto dynamics.
A brutal year for Bitcoin is just getting started.
Give me three minutes to explain why you should dump it now.
Outflows from ETFs are signal and will continue.
We will test the 57k low again in the next 12 months.
Why?
Because there are far too many dynamic places to put your money that are creating MUCH more value.
Why put your resources into a dead network that offers nothing beyond a store of value?
What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?!
The viral nature of bitcoin was it's power... if you didn't own you were MOCKED!
Now? Completely reasonable, heck, SMARTER, to ignore bitcoin and place other bets!
No one is trying to convince people to buy Bitcoin anymore... the memes and NFTs are gone.
No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS!
Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity.
This should be obvious to everyone right now.
Bitcoin will never break its all-time high again.
