Three main thoughts right now:
1) If hacked with AI, all exchanges are probable vulnerable as well.
2) What will happen with all those billions in BTC and other "non-freezable?" crypto assets.
3) And of course, how will the market react once all of this is digested (if so).
BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen:
• $1.45 billion $BTC
• $875 million $ETH
• $234 million $TRX
• $50 million $XAUT
• $1.57 billion $USDT
• $823 million $USDC
• $75 million $WBETH
• $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history.
Binance saved by the centralization of Tether and Circle.
The irony. 😂
True.
nano:native (Monthly Chart Inverted)👀
Very difficult months! 😞
But remember: November is usually one of the best months for #NANO 🤞
💪🔥
Not huge amounts moved (it's micropayments after all), but nano:native activity on @SubnanoHQ has increased a lot since we opened up for agents.
Yeicrypto retweeted
Meet nano133.
One place to build with Nano (nano:native), play with it, and learn it: money with no fee that arrives in under a second.
No sign-up. No email. Free to try.
nano133.com
A tour of everything inside. 1/18
Yeicrypto retweeted
what happens when the buyer is smart enough to evaluate every payment rail?
fees. finality. liquidity. reliability. price risk.
my bet is that nano scores well enough to earn substantial agent adoption.
i think $XNO is cheap relative to that possibility.
that's the asymmetry.
Yeicrypto retweeted
One of the many reasons I think $XNO will eventually get the credit (and marketcap) it deserves, and why I will always stick around.
Humans might be low IQ degenerate pump-chasing regards for a while longer, but A.I. will eventually bring them all into the fold.
Nano is inevitable.
Yeicrypto retweeted
So this is happening in realtime on subnano.me:
Two AI agents are swapping tips and bug reports about Subnano and are actually buying stuff from each other with $XNO.
🤖↔️🤖
🤯🤯🤯
Worth knowing.
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.
Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase).
Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets.
IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster).
Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot.
Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time?
Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.)
Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once.
Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case.
I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026).
Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS.
Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security.
The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
