Rune Maxi retweeted
Hey @X, when you type solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u on desktop, the cashtag shows the wrong token.
The real solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u is DOG•GO•TO•THE•MOON, a Rune on Bitcoin. And the badge shows Solana because it's pulling the wrapped DOG, not the original.
This creates confusion about who people are actually talking about, and it can mislead new people.
Please fix it 🙏
Rune Maxi retweeted
it’s important to remind people in times like these..
even though I no longer work at @krakenfx, I still believe in the ethos: security above all else
no grave dancing, just facts 🫳🏼
Rune Maxi retweeted
How tf did one engineer have access that unlocked $6 billion?!?!
There is no legit security protocol where this makes sense.
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…
Rune Maxi retweeted
Binance hack could be another catalyst pushing more attention toward Hyperliquid
Whenever trust in CEXs gets shaken, traders start looking for alternatives. DEXs could benefit from that shift, but not every DEX is positioned to capture it.
The real winners will be platforms with proven security, deep liquidity, and strong user trust.
And @HyperliquidX is one of the strongest names in that category.
CEX uncertainty could be DEX opportunity. Hyperliquid is right in the spotlight.
"I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered."
But here’s what happened @cz_binance x @binance
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)
Are you going to keep over explaining? I thought you were just a shareholder?
@elonmusk
@LeonidasNFT
@cryptolution101
@dangambardello
@cz_binance
@binance
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)
Rune Maxi retweeted
The Binance hack is totally an inside job... How do you guess the right authorization number from limitless possibilities?
Clearly they just sprayed 50 to build the narrative that "the attacker just got lucky..."
