Gjorgji retweeted
Replying to @heyibinance
Here is English translation for Engilsh frens:
Hi everyone. I'm Binance's co-CEO and also its Chief Customer Service Officer, Yi He.
This morning we suffered a hack that affected $6.3 billion in assets. With help from people across the industry, $3 billion has been frozen. I want to thank everyone for their all-out support. People outside often misunderstand those of us in this industry, but today showed that the industry can unite, look after one another, and truly care about its future.
Withdrawals have now been paused for nearly a day, and we expect to reopen them within the next 42 hours. Although more than $3 billion in assets was affected, that is only about 2% of our total user assets and public reserves. To keep the remaining assets safe, our procedures require us to pause withdrawals first. We will reopen only after fully confirming that the environment is secure, uncontaminated, and poses no risk to you. Thank you for your understanding and support, and thank you to everyone in the community who spoke up and explained things on our behalf. Words can't express our gratitude, and we will give back to users through more campaigns in the future.
During this time, besides rebuilding our security environment, rebuilding our wallet setup, and carrying out security audits, we will use our own funds to cover the stolen assets up front, so that user assets remain fully backed 1:1. In the coming days we will update the Merkle tree, and you will be able to check your assets through Proof of Reserves. Most of what Binance earns is already in tokens, and because we believe in this industry, most of our own reserves already match the stolen assets by token. Only a very small amount needs to be bought on or off exchange. Rumors online say we must buy more than $6 billion of assets on the market. That isn't quite accurate, so I want to clear it up.
I'm not a technical expert myself, but based on our security and technical teams' investigation so far, this was a highly sophisticated, multi-layered attack, so we will be especially careful in the steps ahead. We will publish a detailed technical security audit report to the public. We also hope security professionals across the industry will work with us to build future security standards.
In the AI era, hacking has become a serious threat to the entire industry. We will never give up pursuing the hackers. We will get to the bottom of this and work closely with law enforcement worldwide to track down this group and recover the funds. We will not let hackers take away the prosperity this industry deserves.
Of course, we fell short in many ways. We should have invested more in security, earlier, and set stricter standards. Going forward, we will not hold back, either in security investment or in fighting hackers. We also sincerely invite more of our industry peers to join us in keeping this industry healthy.
Thank you, everyone.
While I interview for my next b2b saas role, I’m open for consulting projects short term. I can help with product discovery & research, usability & accessibility evals, design systems, hiring, and cross-collab workshops (design sprints, custom ones). #ux
alexhris.me/
Gjorgji retweeted
To celebrate reaching 3000 followers, and as promised, I'm bringing you today the first episode of my podcast, Founder Conversations!
My first guest is Adam Migus @amigus, an experienced software engineer, cybersecurity expert, and founder of CloudServers.
We discuss his journey from employee to independent consultant to SaaS founder, the challenges of turning a technically solid product into a profitable business, finding the right customers, marketing, pricing, and why building software is often the easy part.
We also talk about Lisa, his open-source AI agent harness, and the opportunities and challenges AI is creating for software developers and entrepreneurs.
It's an informal, unscripted conversation about what building a business actually looks like, beyond the usual startup success stories.
Thank you all for helping me reach this milestone, and I hope you enjoy our conversation!
Watch the full episode on YouTube:
youtu.be/njv7Yx2QJ2U
Gjorgji retweeted
Binance covering the reported $6.3B in losses is important. But I don't think compensation is the most important part of this story.
I'd want to understand how the incident happened, where the security controls failed, and what Binance plans to change.
Customers need to know their money will be returned. But they also need a reason to believe the same thing won't happen again.
That's how trust is rebuilt. Not through promises, but through better systems and accountability.
Gjorgji retweeted
Reporting to the major shareholder: Our company’s revenue for the year is sufficient to cover the losses, so we do not yet need to sell the SpaceX shares you are bullish on.💁♀️
Gjorgji retweeted
This is so cool! I am hoping for many more Autolith distributions in the future.
github.com/coldcatallactics/…
autolith.rocks
Gjorgji retweeted
Official Statement Regarding Recent News on Binance Security Incident
In light of recent news regarding a cybersecurity incident involving Binance, Gulf Binance Co., Ltd. would like to confirm that customer digital assets on Binance TH remain completely safe. The Cold Wallets of Binance TH are strictly segregated from those of Binance, as Binance TH operates as an independent legal entity with its own dedicated digital asset custody system.
As a proactive precautionary measure, we would like to inform you that digital asset deposits and withdrawals are temporarily suspended while our expert team conducts a thorough security check. All other services on the platform continue to operate as normal, and we will resume deposit and withdrawal operations as soon as the verification process is completed.
The security of our customers' digital assets remains our highest priority. We remain fully committed to maintaining strict security standards to ensure absolute confidence among all our clients.
We sincerely apologize for any inconvenience caused.
😬
Replying to @elonmusk @HuaweiMate6
Elon, have a lot of respect for you, but bad time to troll. Please stop.
Our SPCX shares (from our $500m investment in your Twitter takeover) are worth more than a billion.
Would appreciate if you show a little support. Thanks!
I don’t know which wallets got hacked but my ethereum:native is safe and sound
BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion.
The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH.
If confirmed, this would mark the biggest hack in crypto history.
We expect more information shortly.
I’m a modern man, a man for the millennium. Digital and smoke free. A diversified multi-cultural, post-modern deconstruction that is anatomically and ecologically incorrect. I’ve been up linked and downloaded, I’ve been inputted and outsourced, I know the upside of downsizing, I know the downside of upgrading. I’m a high-tech low-life. A cutting edge, state-of-the-art bi-coastal multi-tasker and I can give you a gigabyte in a nanosecond!
George Carlin

















