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Unconfirmed, but possibly massive binance hack. Entire Binance wallet drained into new EOA. Contract call was funded by Tornado Cash

Learn more about the thesis of optimized crypto security here: storage.koini.io

What @ilblackdragon and NEAR team has built is a pragmatic solution which solves users’ problems “today” and such solutions win the users, technically perfect solutions win larpers (that too for a short time, you can never satisfy them for long)

There have been a reports on X and Reddit of wallet-draining by Ledger users. I traced the theft addresses and identified inflows from more hundreds of victim wallets across several major blockchains, including Ethereum, TRON, and Bitcoin. Total losses $86M+ bc1qjqgwejnp8dc0x2938x9n9954hj97t82unx49dl TK6DWNpNe1w2iJRNFpU8aHdrPTATxvXT6C TBkcUMYC7CkTK99tkTnaStQVBastfrs9d9 TCGE3xp6YGRKXxDZiLfysgJW3f22KfMNsW 0x69c8f401cfc6cd40ac94691d6d7c48e3b7a47841 0x033636e45d519bebb7b5c2520ca6ce56fbdb4f7a 0x83aeac166f6832ae3500000a24510a95a052a599 bc1qqnkwurxs99xkx5t4yffqhq3u6qwy0qpjyujtm9 bc1qgqheemzla77pesl227hdtgf5ykz62d0zvld26n TSDWtuZ2pARUVz4v3PkL2hi3iXPjowAr5a

I just gave up funding an Abstract wallet Not because I'm lazy Because even after years in this space, I couldn't be bothered to navigate the maze of ETH versions, L2 bridges, and gas requirements If I won't do it, your grandma never will Let me be clear: I'm not some boomer complaining about new tech being hard I've set up hundreds of wallets. I understand the tech. I literally do this for a living. But the mental overhead of funding one wallet broke me. Which ETH? WETH, stETH, rETH, cbETH, wstETH, eETH, weETH... all with different properties and gas behaviors Some can't be sent to certain addresses. Some get lost in the void if you mess up. Which L2 do I bridge from? Arbitrum? Optimism? Base? ZkSync? Linea? Six different bridge experiences. Six different security models. Six ways to lose everything with one wrong click. And here's the thing ETH maxis will say: "Just use a chain abstraction layer" "Account abstraction solves this" "The UX is improving" Yeah? Then why did I still give up? These are band-aids on a broken foundation. Abstraction layers built on top of fragmentation. You're adding MORE complexity to hide the original complexity Some will say this is just early internet problems. Email was hard in 1995. TCP/IP was confusing. Fair point. But email didn't require risking your life savings to learn. One wrong click didn't drain your bank account. The stakes are different. The tolerance for friction is lower. And yeah, other L1s with native assets haven't won either. MultiversX, Algorand, Sui... simple token models but no mass adoption. So maybe simplicity alone isn't enough But complexity definitely isn't the answer Here's what actually bothers me: We've normalized this dysfunction We call fragmentation "specialization" We call complexity "innovation" We call confusion "decentralization" Meanwhile every new L2 raises another $100M to add another bridge, another token standard, another layer of abstraction VCs print money. Devs stay busy. Users stay confused. And we wonder why adoption stalls I'm not saying Web3 is doomed. I'm not even saying ETH can't fix this. But we need to stop pretending this is fine Stop defending the complexity as a feature Stop dismissing user frustration as ignorance Stop building new layers before fixing the foundation Web3 won't die from lack of innovation It'll die from pretending 47 steps to fund a wallet is acceptable because "we're early" We're not early anymore. We're stuck.

No idea whats going on here but I just watched this wallet drain 3832 NFTs from 100s of different wallets May be a good idea to revoke all NFT permissions if you have any valuables in your wallet Seems to be funded from a wallet possibly linked to @0xQuit so maybe a whitehat?