raj retweeted
binance hack today is the biggest hack in crypto history
if you don’t know what to do with that information, here’s a recommendation from some loser…
So, here’s what happened: Binance hot wallets were drained of $5.60B today across Ethereum, Bitcoin and Tron.
$200m were transferred few minutes ago, so hack is still ongoing
Here is what is on-chain rn: what is frozen vs not, and the addresses to watch.
➮ Totals
✧ $5.60B pulled from Binance hot wallets
✧ 3 chains: Ethereum, Bitcoin, Tron
✧ 67 assets, 63 of them swept out of Binance 14 in a single tx
✧ Attack vector not confirmed at time of writing
➮ Frozen so far: $2.38B
✧ $1.56B USDT frozen by @Tether_to: $1.18B on Ethereum + $379M on Tron
✧ $823M USDC frozen by @circle
✧ Thats ~42% of the haul neutralized within the day
➮ Not frozen: ~$2.6B
✧ 18,270 $BTC ($1.45B) - nobody can freeze this
✧ 197K $ETH ($451M) - same
✧ ~$730M USDT still unfrozen, Tether can still act on it
✧ Rest: $TRX ($234M), $RLUSD ($88.5M), $WBETH ($75M), $XAUT ($50M) and a tail of smaller tokens
➮ Addresses to watch (paste into etherscan / mempool / tronscan)
Ethereum, attacker main, holds the frozen USDT + USDC:
0x5227f603c1ee34ce3c06efe6477003bdfccb2f8c
Ethereum, 195,460 ETH parked here:
0x8532fa14acaf483729c449b8458aeddb900543d4
Main sweep tx, 63 tokens out of Binance 14:
0x53bd38b816c23e74134786c29a8c18d792777998a3b9326047b583100e88e2f3
Bitcoin, 18,270 BTC received:
bc1q0mtc2f5agpkvlq6hhahmfr3hlr55kyfjhl2mnm
Tron, 612.7M USDT received, 313M of it frozen:
TG5iBMQPrDzJJAUM8GMVBf1hRaJ1wvzsGi
Tron, 216M USDT, not frozen:
TSUUVjysXV8YqHytSNjfkNXnnB49QDvZpx
➮ Context
✧ Previous record: Bybit, Feb 2025, $1.5B in ETH. This is ~3.8x that
✧ Binance 2019 hack: ~7,000 BTC, ~$40M, covered by SAFU
✧ Binance 2022 BNB bridge: ~$570M, most of it frozen by validators within hours
✧ Moreover, SAFU fund was ~$1B at last disclosure. This hack is 5x+ that, so the coverage question is Binance balance sheet, not SAFU
➮ What matters next
1/ Whether Tether freezes the remaining ~$730M USDT, and whether Ripple does the same with $88.5M RLUSD
2/ First outbound hops from the BTC and ETH addresses, bridges or mixers. Until then $1.9B is just sitting there
3/ Binance withdrawal status and an official statement on how 63 tokens got signed out of Binance 14
4/ Whether this follows Bybit pattern: that money went through THORChain within days, same route would show up fast here
Will update as the addresses move.
raj retweeted
WHY 9S ARE GREAT AT CRYPTO
B(I)TCO(I)N
C(R)YPTO CU(RR)ENCY
MANY OTHER REASONS BUT YOU CAN FIGURE OUT THE REST
#GG33
#LETTEROLOGY
raj retweeted
fourteen men wore polyester underwear for four months
every one of them dropped to zero sperm
it came back when they took it off
raj retweeted
🔥
"People are working on really interesting things now that are more complex...imagine if you take a stock token make it fully programable just like software...what can you do? Can you have tokenized options contracts ?."
- @vladtenev during @RobinhoodApp Q3 Earnings Call
raj retweeted
$HYPE to $110-120 isn't that far off.
We're actually half way with the headline of today.
Fully deserved, and I think that the actual market capitalization potential of $HYPE isn't price in yet.
I'm looking at a potentially bullish chart for $HYPE.
It's all depending on whether #Bitcoin finds itself in a bottom around this area or not.
However, if it does, $HYPE might repeat its pattern.
It made a sweep of the low in August, and looks like we're doing the same here at <$75 in October.
If this does hold, we're looking at a push to $110-120 in the coming few months.
If it doesn't, I'm looking at longs <$68 and best case even $60.
raj retweeted
The reason why Hardcore Holders outperform traders 99.9% of the time is simple:
The biggest moves happen during 10 days of the entire year.
If you trade, rotate (i.e. gamble), you are certain to miss those days.
The only way to be positioned for those days is to be holding for months and even years leading up to them.
No one knows when exactly those days will occur, so the best strategy is to identify the asset with an ultra die-hard community and HOLD.
raj retweeted
FOMC's ARE BULLISH FOR BTC
FOMC rate decision is happening today.
Last time this happened, $BTC hit its bottom on the exact same day before ripping 16% over the next week.
I'm bullish and optimistic
raj retweeted
Every Buy on this chart came when the timeline was calling Bitcoin dead. Check your feed 👀
Banger buy signal on $BTC
Look what happened the last 4 times it happened...
You think this time is different homie?
raj retweeted
If confirmed, this would be a major breakthrough.
The Exponential Time Hypothesis (ETH) underpins many results about the limits of efficient computation. A refutation would be remarkable.
raj retweeted
The hyperscalers are the biggest cash-generating businesses the world has ever seen. And they’re recycling all of that cash flow into the biggest capex build in history.
It’s a self-reinforcing loop. They use the technology they’re building themselves, productivity rises, cash flows rise, capex accelerates. People worry about the borrowing, but these companies carry roughly 3.5% of their market cap in debt. They’re barely in debt at all.
This is already the second largest capex event in history. The only bigger one was the railroads... and that cycle ran for 35 years.
If intelligence keeps rising, capex keeps rising with it. There is no end to the need for data centers, compute and energy.
