I am the real definition of conviction! #FIFR 🪧🙌🏼
Joined March 2024
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Lachen •‿• retweeted
The Binance hacker might have just pulled off one of the smartest moves I’ve seen in crypto.
First, Tether froze $1.5 billion in USDT.
Then Circle froze another $800 million in USDC.
At that point, it looked like the hacker’s money was trapped.
But apparently, he had already planned for that.
Instead of holding the stolen USDT in a wallet, he allegedly deposited it into Aave and used it as collateral to borrow ETH.
Then he walked away.
That’s where the story gets crazy.
Tether can freeze the USDT sitting in the wallet.
But it can’t freeze the ETH he already borrowed.
So now Aave is left holding frozen collateral, while the hacker is sitting on liquid ETH.
And unless the protocol can recover it somehow, he may not even need to pay the loan back.
Two companies froze billions of dollars in seconds.
But someone who understood how to use DeFi may have found a way around both of them.
Pretty insane when you think about it.
Readers added context they thought people might want to know
The described Aave deposit used only ~60M USDT as collateral to borrow 19,762 WETH before freezes hit the main wallet, not the bulk of funds; Aave states the overcollateralized position is subject to normal liquidation with no material protocol risk.
governance.aave.com/t/binance-hot-…
x.com/binance/status…
drk.vc/news/binance-1…
Lachen •‿• retweeted
This post is your call. 🕚
The clock is ticking. Sign holders are wanted.
All Will Retire. ♾️
Lachen •‿• retweeted
Large holders of Pump Mind Virus have earned about .25 $SOL over the last month since we switched to holders rewards.
Smaller holders have reported their first distros in the last week.
Hold $PMV, earn rewards. It really is that simple.
Lachen •‿• retweeted
The tech that @allwillretire is building for all communities is working.
Here is what it looks like when you DCA into your conviction plays. Congrats again to @GrokletMascot
Sign up today! It's free to get started DCA'ing into your conviction plays: dca.allwillretire.com/dashbo…
Lachen •‿• retweeted
409 days building Pump Mind Virus.
How many dead or rugged project have been green checked in that time @a1lon9?
It’s time bro.
✅ ——> 🦠
What a great morning,
I can see $PEPE is heating up.
That's probably the only play I will regret not buying.
Lachen •‿• retweeted
We all work for someone else.
We didn’t work this hard for nothing. Little did they know, the whole time we were working towards retirement for ourselves.
All Will Retire
Lachen •‿• retweeted
No girl is choosing a six-pack over six supercars.
Men want profits. Women want to see men profit.
There is no cure. Everyone is infected. 🧠🦠
No girl is choosing a six-pack over six supercars.
Men want profits. Women want to see men profit.
There is no cure. Everyone is infected. 🧠🦠
