Co-Founder of nothing • Trader • Investor (sometimes)
Joined February 2021
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Web3Robinho retweeted
As planned, I aggressively shorted $BTC as soon as price got rejected and moved back inside the range.
So far so good. 🎯
✅ Liquidity sweep
✅ Rejection
✅ Sharp move down
$BTC
I'll keep it simple.
If price squeezes the shorts, I'll look for longs if I see acceptance above the range and follow-through.
If price sweeps the liquidity above the range, gets rejected, and moves back inside, I'll look for short opportunities.
Web3Robinho retweeted
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.
Web3Robinho retweeted
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
Web3Robinho retweeted
As part of our ongoing security measures, Binance Alpha trading has been temporarily suspended - CEX Buy Token/Alpha instant/CEX purchase prediction marketing using fund in spot wallet.
Trading will resume once the security issue is resolved.
User funds remain safe. We’ll keep you updated.
Thank you for your patience.
Web3Robinho retweeted
User funds are safe!
It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).
I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
Web3Robinho retweeted
I don't like the trend of projects shutting down pre-TGE and being seen as somewhat heroic because they didn't extract.
It's incredibly disingenuous because people burn thousands, sometimes tens of thousands of dollars farming these airdrops, I know people who are down five figs on Abstract memes or paid high four figs in StandX fees.
Not doing a TGE just for the sake of it *can* be heroic, but only if there's adequate compensation for the people who used the products in justified expectations of being rewarded
Web3Robinho retweeted
Withdraw all funds from CoinDCX if you value your assets.
Its co-founders are clowns running a circus.
They publicly and privately denied a theft of its assets occurred meaning they straight up lied or are negligently incompetent.
Later they disclosed the $16M theft and wasted everyone’s time instead of being transparent with the public initially.
Not the first time CoinDCX has done it.
Indian CEXs like CoinDCX, WazirX, BitBNS are all the same.
(I still helped freeze 6 figures for CoinDCX)
Web3Robinho retweeted
$BTC
I'll keep it simple.
If price squeezes the shorts, I'll look for longs if I see acceptance above the range and follow-through.
If price sweeps the liquidity above the range, gets rejected, and moves back inside, I'll look for short opportunities.
Web3Robinho retweeted
Three things Luca Netz and Richard Heart have in common: 🧵
1/ Both had a successful first project that made some people a ton of money: Pudgy Penguins and $HEX
2/ Both launched a second project that many people now consider a rug or a failure: #Abstract and #PulseChain
3/ ⤵️
Web3Robinho retweeted
My stats on Abstract Chain:
$173 spent on gas
8,800 transactions
478 active days
20 badges, Platinum tier
I have no idea how much I've spent on protocol fees, badges requirements, or buying and holding NFTs that are now practically worthless.
Share your stats 👇
Web3Robinho retweeted
Have to ask how do have you guys committed your lives to crypto but don't own any BTC?
You can get past this psychological hurdle
1. Acceptance, accept you fucked up and could have had more coins. We all do this, I could have so many more coins
2. Make a plan, ,"I am going to put 25% of my trading profits into btc each month"
3. Be patient, slow and steady wins the race
Separate in your mind the difference between assets you buy to hold vs buy as a trade
btc, spx, real easte, gold; the few forever investments
Most everything else's use case is so you can buy more btc
Web3Robinho retweeted
This is why you don't ignore justified FUD.
Pudgy Penguins are in free fall
I feel bad for those who interpreted Abstract shutting down as bullish for PP just because the team shilled PP during shutdown.
I learned my lesson a long time ago:
When you see real FUD, get out ASAP
