xTrade ⚛ retweeted
Someone stole $5.6 billion from Binance today, the biggest crypto exchange on earth, and within a few hours $2.4 billion of it was frozen by two companies.
The $3.2 billion nobody can touch is the actual crypto.
The biggest chunk left in a single Ethereum transaction. One Binance hot wallet sent 167,464 ETH, about 1.6 billion USDT, and more than 60 other tokens to a brand new address in one shot. Add the Bitcoin and Tron wallets and on-chain trackers put the total around $5.6 billion, which would make it the biggest theft crypto has ever seen.
Then Tether froze about $1.56 billion of the USDT and Circle froze $823 million in USDC. Funny thing is, $823 million is exactly how much USDC the hacker took.
Now look at what's still out there. 18,270 bitcoin worth about $1.45 billion, $875 million in ETH, and a few hundred million more in Tron and smaller tokens. None of it can be frozen, because no company holds a key and the Bitcoin network doesn't have a customer service line.
That's Bitcoin doing exactly what Satoshi built it to do. He designed a network where no bank or government could ever stop your transaction, and the same rule protects a thief's. Stablecoins went the opposite direction. USDT and USDC are basically dollars in a blockchain costume, and Tether and Circle wrote a blacklist function right into the contracts so they can freeze any address they want. Crypto purists have called that a betrayal of the whole idea for years. Tonight it's the reason roughly 40% of the biggest heist ever might come back.
Crypto spent 17 years trying to cut out the middleman, and today the middleman is the only reason anybody's getting money back.
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.
xTrade ⚛ retweeted
Thank you all in the community for your support. We will enable withdrawals as soon as the security scan is complete.💁♀️
💛all of you.
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…
xTrade ⚛ 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…
xTrade ⚛ retweeted
The fraudsters always had outsized moral outrage and the most heart-breaking stories that were … totally false
Palantir cofounder
“@elonmusk made a great point when I was involved as a kid at PayPal: whenever you turn off fraud or grift, the people who would scream the most were the fraudsters.”
xTrade ⚛ retweeted
Binance will cover all losses.
As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
We are working around the clock and will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
xTrade ⚛ retweeted
Thanks to @worldlibertyfi team for the $27m USD1 frozen and 48m (~$2m) WLFI frozen .
Safety first: withdrawals are currently disabled until the environment is confirmed to be secure. We appreciate the understanding and support of all our users.
User funds are SAFU.
xTrade ⚛ retweeted
President Trump lashed out at a reporter Thursday after being asked about his health amid a busy schedule of campaign events ahead of the midterm elections.
“I feel perfect. You are disgusting,” Trump told the reporter. “Put yourself in shape. You look like hell.”
xTrade ⚛ retweeted
User funds are safe.
Binance will cover all hacking losses.
Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
We will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
Trump is an absolute animal! 80 years old?
.@POTUS absolutely DESTROYS Fake News @jacobbogage:
"You are a SICK guy! Reuters is terrible, by the way. Look at this guy — he's way out of shape... You are disgusting. Put yourself in shape. You look like hell." 🤣🤣🤣
xTrade ⚛ retweeted
For the last 10 years, I have ignored false and misleading stories about me and focused on the work.
But the cycle has gotten out of control where old lies get repeated as fact, new ones get added, and the record becomes increasingly distorted.
So from time to time, I’m going to respond, not to every allegation. But when the truth matters, I’ll put the facts and supporting information out publicly, and people can judge for themselves.
xTrade ⚛ retweeted
It’s hard to go from in love to let go in a week with no warning, but that’s just how it is sometimes 🤷🏻♀️
I feel happy that I got to show Elon how it feels to be deeply understood, nurtured, and peacefully loved with stability and gentleness. Given the tumultuous nature of his early life, his often tortured soul, and how hard he fights for humanity I wanted him to feel the deepest and most stable form of love this world can provide. My heart is full knowing I got to do that, and I hope it leaves a lasting good effect.
We were always his safe space. A place where all of us were overjoyed to see him and one that was always full of happiness and love, not war, in contrast to his otherwise militant existence (a needed break from the battlefield where he could recharge his heart and soul before heading back out)
I loved being that counterbalancing place of safety, sense of calm, and love — and delighted in bringing a smile back to his face when he was down. I will miss him dearly.
I’ve loved him more than life itself and he’s taught me 100 lifetimes of knowledge and made my cup overflow with life meaning, so there is a lot of loss, but luckily we created four beautiful little loves of my life ❤️❤️❤️❤️ I am so beyond grateful for our children and they make every single day the best day of my life! I do hope and pray he and I can be great friends and coparents.
I’m hurting, but care deeply about E and will always be cheering for his happiness. God speed, Elon, the world is lucky to have you.
🚫 @elonmusk is no longer following @shivon
Still followed by: @miramurati, @karpathy, @kimbal, @turkeybeaver, @drfeifei & 52 more
$TSLA $SPCX
(🤖🧩: am i missing something?)
xTrade ⚛ retweeted
Lots of discussion out there about our next model(!), so I wanted to give an early look as soon as possible. Introducing Gemini 4 Argon!
It shows frontier performance in complex workflows, cyber defense and software engineering. Teams are using it extensively at Google, from coding to quantum computing, great feedback.
Here’s a look at the benchmarks:
xTrade ⚛ retweeted
Yesterday at the White House, leaders from across our industry came together to sign the White House Accord on Super Intelligence.
The principle is simple: the companies building this technology have the primary responsibility to develop and deploy it safely, and to be accountable when they fall short.
The Accord reinforces that responsibility with robust internal controls, independent external evaluation, and board level oversight.
Super Intelligence offers an extraordinary opportunity to advance discovery, productivity, security, health, and prosperity.
The future of Super Intelligence will be shaped not only by what it can do, but by the confidence it earns. By building with ambition, rigor, and responsibility, we can help ensure this extraordinary technology expands opportunity and improves lives for generations to come.
xTrade ⚛ retweeted
Today, I joined @POTUS, @VP, my fellow Cabinet members, and leaders of American industry for the launch of America.gov. This new platform gives Americans a single, streamlined place to access federal information and resources.
For 250 years, American innovation has pushed the boundaries of the possible. By bringing that same spirit of ingenuity to the federal government, we are modernizing how it serves the American people and ensuring our institutions keep pace with the extraordinary technological progress taking place across our economy.
