The 🦭 stays on 🛞 ⬆️
Joined May 2021
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Deleting all my racist, homophobic, anti immigrant, anti retards, slurs, non inclusive, non binary, LGBTQ unfriendly tweets and preparing myself for a Blue 2027
Fuck you Trump I never liked you and I love Cumala Harris
Finally a use case for DeFi
Bullish on the future of crypto
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…
Minokowar (✈️,✈️) retweeted
Jeoing737 is officially verified on Coinbase ⭐️
Meaningful ecosystem presence ✅ (nuking charts)
Broad market recognition ✅
(huzz love the hats)
Demonstrated trading activity ✅
($11 in volume last Tuesday)
Wheels up ✈️ syndrome downs 🛩️
Minokowar (✈️,✈️) retweeted
All dividends issued will be used to help fund my son's crack addiction due to unforseen circumstances the $toilet chart got completely nuked
.@POTUS announces the TRUMP DIVIDEND: If Republicans win both the House and the Senate, because of our tremendous economic success, I will issue a dividend to every adult citizen in the United States for $5,000
Readers added context they thought people might want to know
The President of the United States has no constitutional or statutory authority to issue a dividend check on behalf of the US Government. Only the Congress can authorize and appropriate these funds.
constitutioncenter.org/the-constituti…
Minokowar (✈️,✈️) retweeted
Son @HunterBiden no matter how dogshit of a failure you are i will always love you
Nyeeommmmm
