Dabbling in crypto magic 📚 Interested in reality. Not here for the hype. DM open 📬
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Joined June 2023
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Pressure is on @MEXC
UPDATE: MEXC says it has contacted FinCEN and is ready to cooperate
CEO Vugar Usi said FinCEN confirmed receipt of the exchange's written request, adding that the platform continues to operate normally.
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Wild, but not really: turns out North Korean hackers created 6 throwaway memecoins on NEAR to launder $430K from the $6.3B Binance hack
The tokens saw almost zero outside volume and were quickly abandoned ⬇️
elliptic.co/insights/north-k…
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More proof privacy is heating up this cycle.
Raycash - a Zama spin-off - just launched confidential USDC payments with private Morpho yield on Ethereum.
Balances & amounts stay encrypted via FHE. No ETH needed. 75k+ waitlist.
Privacy narrative loading 🔥
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Transfers from MEXC to OKX at risk of being flagged due to compliance issues, could get frozen.
Says @star_okx himself ⬇️
cryptobriefing.com/okx-star-…
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We are dumping because the boss of a company in a barely related sector is having a controversial affair.
Cannot make this up.
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No airdrop weight?
Appreciate being upfront about it.
FLOP devnet is open for builders 🧪
Get test FLOP, explore blocks, and call verified inference from your agent:
• Explorer: explorer.devnet.flop.network
• Faucet: faucet.flop.network
• API: api.flop.network/v1/models
• MCP: mcp.flop.network/mcp
• SDK: npm i @flop-labs/sdk · Docs: docs.flop.network · Ask: ask.flop.finance
Devnet tokens have no value and earn no rewards or airdrop weight. The chain may reset. There is no FLOP token yet: never share a seed phrase, and check links at flop.finance/official/
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👀👀👀
THE BLOCK: ZachXBT says he suspects that a large Western European financial institution was exploited for more than $133 million from CEX accounts, and that the incident is currently being covered up.
He notes the lack of proper disclosure has allowed the laundering of over $30 million in stolen funds that EU authorities could have frozen.
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Arbitrum just activated God mode to move $30M of Binance hack funds without the private key.
They rewrote a core contract, moved the funds, then put the code back.
Glad they got the money back, but... your keys ≠ your coins if "decentralized" protocols can rewrite the rules 😬
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Well, memecoins will be memecoins after all 👀
$ANSEM plunged from $400M peak to $27M now
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Looks like @RedotPay might file a confidential US IPO filing by year-end
Jeez, went a long way from being a newcomer to the crypto payment stack a few years back 🚀
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Vitalik backs Kimi AI for stripping hacking skills from its training data.
The filtered model hits 81% on exploit benchmarks (vs 90.5% unfiltered) and gives the world more time to harden systems.
Still hard to overestimate or even quantify AI impact on security me thinks 👀
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Bitcoin whales holding back while retail dumps into Binance.
Classic.
Retail BTC deposits to Binance nearly doubled to $10.75B since April (6-month high)
Whale deposits dropped 36% since August: $5.9B → $3.8B
Small holders using the rebound to exit. Big money shows no rush
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Rare for crypto to see things go to court.
Also, this brings to mind the crazy volatility of Esports on @Aster_DEX in the summer 🎢
FT: DWF Labs Sues BitGo for $141 Million Over Alleged Early Sales of Locked Tokens
According to the Financial Times, DWF Labs affiliates DWF Maas and Falcon Digital have sued crypto custodian BitGo in London's High Court, seeking $141 million in damages. The plaintiffs allege that BitGo breached OTC agreements by selling Falcon Finance (FF) and ESPORTS tokens before their agreed lock-up periods expired, putting downward pressure on token prices and reducing the value of DWF's remaining holdings. The agreements included an initial three-month lock-up followed by additional vesting restrictions. BitGo declined to comment on the lawsuit. The allegations have not been proven in court.
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