samczsun

Excited to announce Thompson Street, a new kind of advisory firm working across product, public affairs, and policy for frontier tech with @0xYager, @KhurramDara, and @jonfinkisaksen. We’re approaching Thompson Street like you would a startup: built for velocity, adaptability, and technical depth. I am biased but I don’t think you’ll find another 4-person team with our range of experiences across government, venture capital, and top-tier startups. If you’re building something in crypto or AI you are already shaping policy whether or not you realize it. Let’s talk.

Important Announcement Trading on THORChain is currently halted after a vault was compromised. Initial indications are user funds are safe and only protocol owned funds are affected. The network automatically detected abnormal behavior and halted signing activity, which alerted the broader community and prevented further outbound transactions. The investigation is still ongoing to determine the root cause. Contributors are actively working on the issue and we will report updates as we progress toward a solution. What we currently know: * One of the six Asgard vaults appears to have been compromised. * Current estimates place the loss at approximately $10.7m USD * The network automatically detected the abnormal behavior and halted signing activity, preventing further outbound activity. * Nodes securing the vault were subject to their bonded RUNE being slashed as a result of the unauthorized outbound transactions. * Churn activity has been paused while the investigation and remediation efforts are ongoing. * Onboarding additional chains and operations requiring churns will be delayed until the network is stabilized. * Initial indications show no individual user swaps were affected. We are asking all node operators to immediately review their infrastructure, hosts, key management systems, and operational security for any signs of compromise or abnormal behavior, and to report anything suspicious in Discord. Node operators participating in the affected vault are requested to securely provide Bifrost logs to the dev team for analysis using 'make relay' .

Thank you to @aave, @arbitrum, @ethena, @ether_fi, DeFi United, @_SEAL_Org, and all of the others who have been tirelessly working behind the scenes with us to make this happen. DeFi will win.

I beg everyone in crypto to read this in full. I expected this to be another case of social engineering, likely some recruiter/job offer shit. I was very wrong. And the depth of the operation and personas makes me think they already have multiple other teams on lock. 😳

another irl crypto robbery in france just happened, leaving victim naked a 33y old man was abducted by four masked men after leaving a restaurant in "Vaulx En Velin" and left in his underwear according to his statement, he was held in a cellar and severely assaulted after refusing to send over $100,000 in crypto to the masked men