Eccles 11:2 || Fin. Mrkt PROG (Quant/μ/σ) || Twt ≠ Fin. Adv.
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Joined March 2021
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Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.
— Proverbs 13:11
3
272
DEMYSTIFY retweeted
So the 7d inflows for Binance are today's withdrawals + the hack = $11b in total.
Still, this isn't even 10% of their total assets (so far).
Observing.
DEMYSTIFY retweeted
🚨 TODAY: Coinbase CEO Brian Armstrong says that while lab-grown diamonds boom and alchemy-made gold nears reality, Bitcoin’s 21M cap stays untouchable.
“You can’t invent anything that will increase Bitcoin supply.”
DEMYSTIFY retweeted
Satoshi doesn't have "a wallet."
I keep saying this.
He has 22,000 addresses.
Each one is locked by a separate and unique 256-bit private key.
Binance got hacked through a person
who had a laptop.
Satoshi's coins are protected by math.
Math doesn't open email attachments.
DEMYSTIFY retweeted
💰 Some of the biggest heists in history
1. 🇰🇵 Binance hack (2026): $6.3 billion
2. 🇰🇵 Bybit hack (2025): $1.5 billion
3. 🇮🇶 Saddam Hussein's Central Bank of Iraq withdrawal (2003): $1 billion
4. 🏴☠️ Black Sam Bellamy's pirate plunder (1716–1717): ~$140 million in today's money
5. 🇧🇷 Banco Central burglary in Fortaleza (2005): ~$70 million
Sources: TRM Labs; Guinness World Records; Forbes; Wikipedia
DEMYSTIFY retweeted
Everyday is Zeroday
BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion.
The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH.
If confirmed, this would mark the biggest hack in crypto history.
We expect more information shortly.
DEMYSTIFY retweeted
The cryptocurrencies that AI can’t hack will go on to be worth hundreds of trillions.
Here’s a list of the coins that includes:
DEMYSTIFY retweeted
Binance has committed its own balance sheet to making customers whole. I expect it to deliver. Our industry will learn from this incident, strengthen security, and emerge stronger and more resilient.
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
