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Planet Earth
Joined June 2020
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0xKasp☰r retweeted
So The biggest crypto heist on record just happened this week and
~$6.3B moved out of Binance hot wallets in a tight window.
With the Reported entry point being just one compromised DevOps laptop.
So far What stands out to me is the irony.
Crypto’s “permissionless” story still leans hard on centralized players (stablecoin issuers freezing funds) when the numbers get this big.
The BTC and ETH portions make this even more interesting, especially when it comes to freezing or recovering those funds. Stay SAFU 🙏
Very soon it’s funny how the same people calling everything a meme might end up buying the actual infrastructure way too late. Now we just have to wait and see whether these projects can turn early ownership into sustainable revenue.
So The biggest crypto heist on record just happened this week and
~$6.3B moved out of Binance hot wallets in a tight window.
With the Reported entry point being just one compromised DevOps laptop.
So far What stands out to me is the irony.
Crypto’s “permissionless” story still leans hard on centralized players (stablecoin issuers freezing funds) when the numbers get this big.
The BTC and ETH portions make this even more interesting, especially when it comes to freezing or recovering those funds. Stay SAFU 🙏
Before, people lost money on memecoins because they picked the wrong one.
Or bought after the chart went vertical and called it “buying the dip.”
Now they punish you for holding right.
Buy the right coin, and you still have to exit fast
Because literally Everything out here is a vamp.
Crazy times NGL
