Jesus First💎Gee been grinding since the 19`s,read the code before the hacker
Bikini bottom
Joined February 2024
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I finally created a group where
whitehats can grow together and lock in together,thank you for the great advice on the call @arsen_bt
*the card trick mentality for me
would tag more auditors,let’s lock in and build together
would close soon
Tesscrypt🚨 retweeted
The Binance hacker might have just pulled off one of the smartest moves I’ve seen in crypto.
First, Tether froze $1.5 billion in USDT.
Then Circle froze another $800 million in USDC.
At that point, it looked like the hacker’s money was trapped.
But apparently, he had already planned for that.
Instead of holding the stolen USDT in a wallet, he allegedly deposited it into Aave and used it as collateral to borrow ETH.
Then he walked away.
That’s where the story gets crazy.
Tether can freeze the USDT sitting in the wallet.
But it can’t freeze the ETH he already borrowed.
So now Aave is left holding frozen collateral, while the hacker is sitting on liquid ETH.
And unless the protocol can recover it somehow, he may not even need to pay the loan back.
Two companies froze billions of dollars in seconds.
But someone who understood how to use DeFi may have found a way around both of them.
Pretty insane when you think about it.
Readers added context they thought people might want to know
The described Aave deposit used only ~60M USDT as collateral to borrow 19,762 WETH before freezes hit the main wallet, not the bulk of funds; Aave states the overcollateralized position is subject to normal liquidation with no material protocol risk.
governance.aave.com/t/binance-hot-…
x.com/binance/status…
drk.vc/news/binance-1…
Tesscrypt🚨 retweeted
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gmgm
live at blockfest with @YinusaWeb3 and got onboarded to @MeetumoAI
sounds super base and dope
Tesscrypt🚨 retweeted
Introducing Primus Confidential Finance (dapp.primuslabs.xyz), where privacy meets transfer and yield on-chain.
We're excited to announce a collaboration between Primus @primus_labs, Unitas @UnitasLabs, and United Stables @UTechStables to launch a Confidential Finance Product on @BNBCHAIN, powered by the Fully Homomorphic Encryption (FHE) technique.
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I took weeks to find vulnerabilities in your chain
and when it was time for me to report
I messaged you,you replied
and you said I should go and submit in a bug bounty program 💔,very devastating indeed
Tesscrypt🚨 retweeted
opus 5.5 is the most dangerous AI model for trading right now
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Tesscrypt🚨 retweeted
I finally created a group where
whitehats can grow together and lock in together,thank you for the great advice on the call @arsen_bt
*the card trick mentality for me
would tag more auditors,let’s lock in and build together
would close soon
