Lidware

1/ 🧵 Yesterday a single compromised laptop was reportedly enough to push around $6 billion in unauthorised withdrawals out of the biggest exchange in crypto, and while Binance says users will be covered, the lesson is bigger than one exchange: whoever holds the keys holds the risk.

Binance has announced the delisting of Syscoin. It’s disappointing, no question about it. A lot of you are probably feeling pretty frustrated right now, and we get it. But this doesn’t change what Syscoin is or where we’re headed. We’ve been building for over 11 years , we were here before Binance, we kept building through everything with them, and we’ll still be building long after they’re gone. When the Monitoring Tag first hit, we reached out to them multiple times asking for clear, straight up feedback on what needed fixing. We never got any real answers. So we didn’t just sit and wait. We took matters into our own hands, we talked with top market makers like Amber and GSR about strengthening liquidity, we pushed hard on our own to support the market, and we kept moving the project forward in good faith. Here’s the truth: Syscoin is way bigger than any one exchange. We’ve watched this space change over and over. Big platforms that used to dominate are long gone. Exchanges rise and fall, markets shift, but we’ve lived through every cycle and kept building. SYS is still trading on five of the top ten exchanges. The network is solid, the tech keeps moving forward, the ecosystem is alive, and this community hasn’t lost an ounce of strength. We’ve come out tougher after every challenge before. This time won’t be any different. We’re still here. Still shipping. Still improving. A huge thank you to every single one of you who builds, trades, mines, validates, develops, and believes in Syscoin. You’re what makes this real. The best chapters are still ahead. Onward together.