Devotee of Satoshi retweeted
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…
Devotee of Satoshi retweeted
Stop panic selling over the Binance hack.
Almost $3 billion is already frozen.
The real loss will be $1-2 billion.
CZ’s net worth: $100 billion.
Binance annual revenue: $16 billion.
They can easily cover all user funds.
Let's remember this fundamental fact on day like this.
BITCOIN NETWROK/PROTOCOL HAS NEVER BEEN HACKED.
Devotee of Satoshi retweeted
Good evening.
To everyone reading about the $5.9 billion Binance hack and declaring cryptocurrencies and Bitcoin dead, two things:
1) Bitcoin itself was not hacked, an exchange managing cryptocurrency wallets and holding the keys was hacked.
2) Former CEO CZ says that he expects Binance to fully cover the losses with their $144B balance sheet.
This event in no way shape or form exposed or impaired the Bitcoin network.
Have a great night.
Devotee of Satoshi retweeted
LIKE, IF YOU WANT TO SEE MICHAEL SAYLOR DEBATE #BITCOIN WITH JASON CALCANIS ON THE MOONSHOTS PODCAST
JASON COULD HAVE BOUGHT BTC FOR $1 IN 2011
TODAY HE OWNS 0 BTC
SAYLOR STUDIED 10,000 HOURS, BOUGHT $70,000,000,000 AND IS BUYING EVERY DAY
SAYLOR WILL ABSOLUTELY DESTROY HIM 🔥
Devotee of Satoshi retweeted
Bitcoin will never break its all-time high again." — Jason Calacanis
Jason, I'll bet you $1,000,000 it will break its ATH. Here are the terms:
Bitcoin hits or exceeds $126,210.50 on or before October 28, 2028, 12PM PST
I’m happy to trust you to pay or if you prefer we can each escrow the dollars with independent party.
The bet is either settled when Bitcoin hits the ATH or on October 28, 2028.
@jason Do we have a bet?
Devotee of Satoshi retweeted
"Bitcoin will never break its all-time high again."
— Jason Calacanis
Jason, I'll bet you $1,000,000 that you're wrong.
Here are the terms:
Bitcoin must exceed $126,210.50 (its October 2025 ATH) before October 28, 2036.
If Bitcoin does, I win $1 million.
If it doesn't, you win $1 million.
We each put $1 million into independent escrow, with a mutually agreed custodian and objective price oracle.
The bet ends immediately if Bitcoin breaks the record. Otherwise, it settles on October 28, 2036.
No excuses. No moving the goalposts.
You said NEVER.
I'm giving you just 10 years.
Do we have a bet?
Devotee of Satoshi retweeted
Software was eating the world.
Then AI started eating software.
Now Bitcoin is eating all risk in the world.
Few.
few years in Bitcoin and I can tell you one thing. When everyone thinks its about to rip, IT WILL NOT. Bitcoin beats its own drum and never does what masses expect. It works on its own term. When nobody is talking bitcoin, its TIME.
Devotee of Satoshi retweeted
Within roughly 48 hours:
JPMorgan formally modeled Bitcoin outperforming traditional asset classes over the long term.
Fidelity published research presenting Bitcoin-backed preferred stock as an emerging capital-market demand channel.
BlackRock pursued another Bitcoin investment product while IBIT experienced exceptional inflows.
Imagine showing a Bitcoiner from October 2023 these headlines.
They would’ve assumed you were crazy.
And now it’s just a random Tuesday.
Devotee of Satoshi retweeted
A new source of BTC demand is emerging.
BTC-focused perpetual preferred stocks have accumulated more than 135,000 BTC in just over a year, despite representing only a fraction of the global fixed income market.
What could happen if adoption expands?
🔗 Read our latest research: go.fidelity.com/ernlPz
Devotee of Satoshi retweeted
Bollywood is coming to Bitmela! ✨
Excited to welcome @kapoorkkunal, actor, entrepreneur and co-founder of @ketto, as a Bitmela Ideathon judge.
He’ll also pull back the curtain on how Bollywood preserves its wealth and share his journey into tech and angel investing.
Grab your tickets at thebitmela.com
Devotee of Satoshi retweeted
JUST IN: 🇦🇹 VIENNA, AUSTRIA JUST REVEALED A STATUE IN HONOR OF #BITCOIN CREATOR SATOSHI NAKAMOTO
THE GREATEST INVENTOR OF ALL TIME
LEGENDARY 🔥
Devotee of Satoshi retweeted
🟠💊NEW!! 🟠💊
I am launching a free online course based on The Bitcoin Standard starting today on my podcast and Youtube channel!
Watch the first lecture now and be sure to subscribe to get all the lectures over the coming weeks!
🤖 Made with AI
