
Care about rails, Money movement, AI and what actually works. Stablecoins || SME finance || Host: Here for the Tech @xspaces
Dubai, United Arab Emirates
Joined June 2009
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Furqs ₿ retweeted
🚨JUST IN: Nasdaq-listed Next Technology authorizes the sale of its ENTIRE 5,833 $BTC, worth nearly $450 MILLION.
The company cited the potential threat of quantum computing to Bitcoin's cryptography, along with hacker attacks and exchange security risks.
The $NXTT board has approved selling the coins through exchanges or private deals, or using them as collateral for loans.
It says there is no guarantee any sale will actually happen.
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
Furqs ₿ retweeted
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
October should no longer be called Uptober!
Binance hacked!
Is it just Binance though? @cz_binance
You can print Gold now. Wild.
Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10.
Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years.
Now, we’re building a fusion reactor in San Francisco to achieve record power density.
Furqs ₿ retweeted
72 hour update on reseller CryptoBilis incident 🔽
As the investigation continues, we are working with relevant authorities. The volume of impacted devices is limited. We know this is concerning, especially for those directly affected, and we are reaching out to impacted users.
To date, all confirmed cases related to the disclosed draining incident of Oct 9th, 2026, involve devices sold through the Southeast Asia reseller CryptoBilis. Our systems and direct sales channels remain unaffected.
We take the CryptoBilis situation seriously and are actively investigating.
We encourage impacted users to reach out to Ledger Support through official channels and file complaints with their local law enforcement authorities. As a reminder, CryptoBilis has confirmed having ceased all sales of hardware wallets.
We are reminding our authorized resellers and distributors to source products only through authorized channels and never to restock returned products.
Also, we strongly advise users not to purchase from unauthorized resellers, where the risk of buying suspicious, counterfeit or modified devices is important as nothing operates under ledger security guidelines.
Security isn’t static and this incident underscores why we continuously review and strengthen our distribution and anti-tamper processes.
We are continuously improving that work now and events like this strengthen our resolution: reviewing authorized reseller controls, advancing hardware protections, and cooperating with authorities. Thanks to @SEAL_911 for their collaborative support and all their efforts.
This is an ongoing threat that doesn’t just impact Ledger, but the whole ecosystem, and we are calling others in the space to work with us on making improvements for users.
We believe in jointly working with researchers, other vendors and partners on improving industry chain-of-custody practices and anti-tamper techniques. Raising the bar on physical supply-chain integrity benefits the entire ecosystem. If you have relevant information, contact [email protected].
For CryptoBilis buyers: do not initialize unused devices. If already set up, move to a new seed on a device from Ledger. If you have concerns that your device was impacted by the CryptoBilis incident, please contact Ledger Support through the official site: support.Ledger.com.
Ledger Support is available 24/7 to answer your questions and concerns.
Scammers often try to take advantage of incidents like this. Rely only on official Ledger channels. Ledger will never call you, DM you, or ask for your 24-word recovery phrase.
My Keys and still not my crypto?
TETHER CAN DELETE YOUR BALANCE. IT'S WRITTEN INTO THE CODE.
Not freeze it. Delete it.
The USDT contract has a function called destroyBlackFunds. It has been there since the 2017 Ethereum deployment.
Here is what it does, in order. It checks that your address is already blacklisted. It reads your balance into a variable the developers named "dirtyFunds". It sets your balance to zero. It subtracts that amount from total supply. Then it logs the event.
No function can reverse it. Once it runs, that balance is gone forever.
The blacklist function names the address it targets "_evilUser". That is how the code sees you before anyone has proven anything.
Only Tether's owner multisig can call it, on Ethereum and on Tron. A court can't. A regulator can't. When a government wants your money, Tether is the one that executes.
Then comes step two. Tether mints the same amount fresh to whoever it chooses: a victim, a court address, a government address. Net supply change is zero. Your money just changed owners.
The DOJ described this exact process in a forfeiture case filed in Massachusetts in March 2025, over roughly $9,016,612 in USDT. Burn, then reissue.
USDC can block a wallet but can't burn the balance. Tether built the eraser in from the start.
They keep promising you there will be no CBDC.
It already exists. It runs on Tron and Ethereum, and it has an owner.
Bitcoin doesn't. Exit with Bitcoin.
Furqs ₿ retweeted
I resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives. More thoughts below.
Furqs ₿ retweeted
16 years ago today, Satoshi Nakamoto said: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
Today, Bitcoin is now a global currency and store of value ✨
Furqs ₿ retweeted
🟧 BIP-110 Debate: Bitcoin’s Next Turning Point?
Bitcoin builders face a critical question: Pragmatism or Protocol Purity? 🤔
Join us for a deep dive into “The BIP-110 Debate: Temporary Fix or Long-Term Harm?”
🗓️ July 30
⏰ 2:00 PM UTC
📍 Set a Reminder: nitter.cf/i/spaces/1rGmqqyjLazGy…
🎤 Featuring:
• @Truthcoin — Founder, @LayerTwoLabs
• @opdafu — Chief Evangelist, @clawchatglobal
• @bruceonbitcoin — Founder, @op_catlayer
• @MateTokay — Co-Founder, @op_catlayer
• @Furqs7 — Founder, @ord_bit
• @ordinaldude — Founder, @ordinalhive
Will this short-term solution set a dangerous precedent? Tune in to find out. 🔥
Furqs ₿ retweeted
Bitcoin’s security is a shared responsibility.
Today we are launching the Bitcoin Security Consortium, backed by $15 million in commitments to support the developers and researchers strengthening Bitcoin for the decades ahead. strategy.com/press/leading-f…






















