sol.woofer

part 1 of many for MINI

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…

Yet another ATH by @miniroutersh breaking more than 2B tokens for the first time Fastest growing inference marketplace @iamzhe

Another ATH by @miniroutersh 1.6B tokens yesterday Still early. Credit marketplace next.

Wow @miniroutersh just hit their highest token usage ATH once again Inference marketplaces are heating up and what @iamzhe is building has the highest potential on Solana

10B next

$ORBIO at $40m seems low for the leading tokenized inference market in a space full of very, very few good AI tokens.

Another ATH for @miniroutersh and @iamzhe I really think this is flying under the radar

new ATH in terms of tokens served @miniroutersh is killing it

Five and a half years ago, @crispheaney, @bigz_pubkey, @davijlu and I set out on a weird, winding, and wonderful journey to build a perpetual futures exchange. The crypto market structure was extremely immature then. Perps were just starting out, most DeFi users were paying $200 to execute a single transaction on Ethereum. We were one of the first to bring a fully on-chain perpetual DEX to market and launched for the first time on Solana in November 2021. Today, as the exchange relaunches and enters its next chapter, I'm stepping down from Drift, now @VelocityDEX. I'm extremely proud of what we built – one of the largest exchanges on Solana with over $150B traded. Chris and Z, our technical cofounders, led the technology front to build every piece of the exchange stack, while David and I put together an incredible and experienced growth and operational team. I poured my heart, soul, and many years of the most insane ups and downs into building and growing Drift – a gruelling, but immensely fulfilling journey. In many ways, it felt like my first child. This April, we faced a state-level attack by DPRK, after a long-planned six months of social engineering infiltration. Going through it and the aftermath was by far the worst week of my life. Within ten sleepless nights, we closed a deal with Tether that put users on a path to recovery. We hired @redacted_noah, ex-head of protocol engineering at Helium, to lead the rebuild of Velocity’s smart contract technology, a difficult task he took on enthusiastically and with zest. We brought on @namanmtl, who joins us from Binance and Trust Wallet to lead Growth and Recovery to grow our trader base for the relaunch. I am proud of my team who stepped up to take initiative above and beyond – especially @tracybbd who personally took the pains to speak to every single trader and market maker on the exchange. Over the next few months, the team refused to quit and hunkered down to rebuild the exchange with a full security upgrade. Designing DFX as well as coordinating on multi-nation asset recovery working alongside @zeroShadow_io and local law enforcement agencies to freeze assets was a huge feat. This week, Velocity finalized their audit by @osec_io and @asymmetric_re and fully open-sourced the exchange. After a long and arduous journey, with many security audits in tow and with massive effort from the team, the exchange relaunches today – even better and faster than before. I would like to shout out the incredible team that will be carrying on the Velocity product. @davijlu, along with Foundation, will continue to move on the asset recovery and law enforcement work. @redacted_noah will continue to build out Velocity’s technology, shipping new features like CLOB and Prop AMM that will make the product even better and smoother. @Defioppa, who previously led product at Binance, will continue to lead the product at Velocity. @tracybbd will lead partnerships and stakeholder relationships. @namanmtl will join us from his extensive background at Binance to lead growth. With a heavy heart, I fully own this decision to step down. I have always done my best work building from zero to one. Velocity is now at the stage where it needs operators who can take it from one to ten, and I trust this team to take it to the next level. It is the right decision for me and for the protocol, to open a new chapter for Velocity. I've been all in on crypto, my whole career since I was 19. Now I will be spending energy on exploring what’s next for me personally. I care about building bridges between Asia and the US, between digital and physical infrastructure, and about bringing what I've learned home to my local community in Southeast Asia. I will actively continue to champion Velocity, and the founders and teams I’m backing. To our users and partners: thank you so much for the trust. I know the Velocity team is genuinely giving the relaunch all they have. To our investors: thank you for all your guidance and support all these years. To our team: thank you for everything. I couldn't have imagined doing this with anyone else.

now it can actually moon