DeFi Enthusiast | Founder & Host of Let Loose With Moose - https://xitter.gq/t.co/yCH0IoZNcB
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Joined November 2020
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Moose🫎 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…
Moose🫎 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.
Moose🫎 retweeted
ok safe to say binance is pwned
The biggest assets were approximately:
• 1.615B USDT
• 62.6M RLUSD
• 29,934 wBETH
• 11,372 XAUt
• 6.19M UNI
• 198.4M ENA
• 7.175T PEPE
• 27.8M USD1
• 2.26M LINK
• 127,853 AAVE
about $2.5B at the explorer’s prices.
1. The attacker deployed a delegate contract, 0x63e842b0...73e9c6fAe, from the relayer at 15:59 UTC.
2. About four hours later, the relayer submitted an EIP-7702 authorization transaction
That installed the malicious 7702 delegate code on Binance 14.
3. The relayer then made a call to Binance 14, executing the delegate code, and transferring Binance 14’s ETH and token balances.
4. The calldata is labeled sweep(address, address[]). The second argument is a list of recognizable token-contract addresses plus the zero-address (eth).
5. The same relayer later used the same delegate to move 780M USDC from Binance Hot Wallet 34 into the same pool
• The relayer 0x7C... was funded by three Tornado Cash 0.1 ETH withdrawals over the prior two days.
• The same pool also received 28,005.6 ETH from Binance 16 24 seconds after the main sweep.
• The pool then forwarded 195,460 ETH to a fresh, unlabeled EOA
• That EOA has only one transaction and currently holds the 195,460 ETH.
What's a bit unclear is why the relayer was needed in the first place. If they had the private keys to the Binance wallets, they could have just sent the assets out in an atomic bundle without needing a relayer at all.
So it seems likely that they didn't have the private keys and instead just had the 7702 auth signatures, which must have been phished somehow.
I think we can go ahead and assume DPRK.
Moose🫎 retweeted
H Y P E R L I Q U I D
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⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿
⢿⣿⣿⣿⣿⡿⠋⠉⠉⠻⣿⣿⣿⣿⣿⣿⣿⡿
⠘⢿⣿⣿⠏⠀⠀⠀⠀⠀⠈⢿⣿⣿⣿⣿⣿⠃
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hyperliquid:native
Moose🫎 retweeted
So Binance and their partners are going to disrupt trading services on…10/10
You can’t make this stuff up 🤣
Moose🫎 retweeted
NVIDIA's Safety Layer for Physical AI Runs on BlackBerry
lnkd.in/p/dF98PcGa
Moose🫎 retweeted
Most people find out that buying expensive shit doesn't increase happiness at all.
To test it, try your dream car, buy expensive gadgets, see how you feel, and then consider if it was worth it afterward.
Want a Patek or AP? Go for it. If you don't like them, just sell them. It's not like they lose 100% of their value overnight. Low-risk investment, and you can see if status items are something for you.
But with that said. No matter how wealthy you are, death is inevitable. Thus, the only limited resource you have is time. Invest money to purchase time. Use money to run experiments. Invest money to improve your quality of life.
Moose🫎 retweeted
$LPTH x Drone Tariffs x Government Funding
What happens when the government taxes imported thermal cameras at 100% and funds domestic ones in the same document?
@skrubin, on his interview with @michaelsikand hinted that funding is coming. Thursday, @realDonaldTrump signed a proclamation with a funding program inside it.
Here's Sam's line from the interview.
"We're definitely going to have something coming... I don't know if it would be a loan or an equity or a grant. There are different vehicles that DoW is deploying... I'm pretty sure there's going to be something. I can't share what, but there will be."
What triggers the top tariff rate;
"drones with a maximum takeoff weight of more than 25 kilograms and drones with thermal imaging capabilities"
Two triggers > Size, or thermal. A small drone nowhere near that weight limit still cops the full 100% if it carries a thermal camera. And it covers critical components, not just the aircraft.
The smoking gun buried near the bottom:
"The Proclamation authorizes the Secretary of Commerce to establish an onshoring program for companies making new investments in manufacturing drones and drone components."
Washington has decided the thermal camera is what makes a drone a national security item and taxed the imported version at 100%. And in the same document, authorised a program to fund companies building that stuff onshore.
Sam again, on what the money is actually for;
"we're in discussions with different groups in the government about that, potentially doing some things together to scale the manufacturing even further"
$LPTH makes infrared optics in Orlando, critically with no Chinese germanium. Sam suggested that more than 75% of American drones will end up carrying @lightpathtech optics.
So, dear readers, we have the following;
1. A US drone component manufacturer
2. Investing in new capacity
3. In the exact category the government just walled off at 100%.
Sam couldn't say what form it takes, but a day later the government stood up a program that funds exactly what he was describing 👀🫦
Moose🫎 retweeted
"BlackDiamonds Are Forever": How To Profit From The China-Driven Germanium Squeeze zerohedge.com/commodities/bl…
