Smol Brain 🧠 retweeted
Removing the VM makes this impossible. Only @moduluszk is doing this.
The Binance $5.6B drain is a masterclass in modern EVM exploitation.
It wasn't a complex logic bug. It was an EIP-7702 delegation hijack:
1. Setup: Attacker funds 0x7c86 via Tornado Cash, deploys a sweep contract (0x63e8), and runs three live dry-runs on external wallets.
2. Execution: Attacker submits an EIP-7702 batch with 50 pre-signed authorizations (nonce n to n+49) to hit Binance 14's moving nonce window.
3. One authorization hits. Instantly, Binance 14 (an EOA) is reprogrammed to run the attacker's contract bytecode.
4. Execution looks totally organic: Binance 14 sweeps itself clean. Internal threshold alerts don't trigger because, from the nodes' perspective, the hot wallet is just executing its own transaction.
5. Binance 16 immediately auto-refills 28,000 ETH due to automated treasury rebalance scripts, feeding the exploit loop.
The cold truth: you cannot forge an EIP-7702 delegation list.
For this to execute, the attacker already held the raw private key or unconstrained signing access to Binance 14's HSM/KMS.
But hey, 5.64 billion drained across ETH, BTC, and Tron. 2.54 billion frozen by Tether, Circle, Ripple, and World Liberty within hours.
Code is law until the stablecoin admin keys log in.
Binance got bailed out by the very centralized choke points the cypherpunks warned you about.
Hardware wallets leak your home address.
Centralized exchanges leak the keys to the kingdom.
Self-custody on native, non-delegated chains remains the only honest baseline.
At least you know what to avoid.
Smol Brain 🧠 retweeted
Replying to @FeineCapital
Smol Brain 🧠 retweeted
We will have a great privacy payment system with the lowest fees, lower gas costs, and native support for PulseChain assets.
PulseChain future is bright! 🤝
Smol Brain 🧠 retweeted
We’re pleased to report that @moduluszk's zkFOL tech stack is now public for review at github.com/zkFOL/zkfol/.
The paper draft is also online at github.com/zkFOL/zkfol/blob/…
Our docs and website have been updated inline.
Smol Brain 🧠 retweeted
Btw @ModulusZK is literally this.
The cryptographic world computer:
vitalik.eth.limo/general/202…
My attempt to express in somewhat concise terms the true meaning of basically everything planned to happen to Ethereum starting from the fork after Hegota. It's really not just a blockchain anymore. It's a hybrid architecture that combines together blockchains and modern cryptography, to enable much more powerful properties.
FOCIL, EIP-8288, Lean consensus, state management, formal verification, advanced mempool improvements (including privacy), and the longer-term specter of obfuscation all mentioned.
Smol Brain 🧠 retweeted
Modulus is being rebuilt as an L1. Contracts are first-order logic predicates, enforced with ZK proofs. No bytecode & no VM. This can solve every smart contract level exploit in existence.
Currently updating website, docs & deciding what we want to make public on GitHub.
Smol Brain 🧠 retweeted
On every other chain, a broken contract pays the attacker. On @Moduluszk, a broken contract refuses to act.
A mistake becomes a delay, never a loss.
That single sentence, is why the whole blockchain world, has been waiting on this.
The great hacks of this industry all lived in one place.
The gap between what a contract promised & what its code did.
This update, we publish that gap’s deletion. On @ModulusZK, the rule you read is the rule the chain enforces. A transaction that can’t be proved never happens.
Smol Brain 🧠 retweeted
Lots has been going on with @ModulusZK and we’re finally getting towards the stage we can share a lot of it publicly. Should have updates over the next couple of weeks.
Smol Brain 🧠 retweeted
⚡️🐸 PEPEGA is coming to PulseChain.
Born in 2018 as one of the internet’s most recognizable Twitch emotes.
Same meme. New chain.
👀 Coming soon. 🤫
🤖 Made with AI
Smol Brain 🧠 retweeted
There is significant progress yes. Looking forward to @VitalikButerin’s apology in the not so distant future
Smol Brain 🧠 retweeted
The United States is broken. The checks and balances are no longer checking nor balanced. The executive branch has taken over the role of the legislative, mostly by unelected bureaucrats issuing ever more complex and encompassing rules, with no votes. The legislative doesn't write the laws, the lobbyists do. The judicial is crippled, and this particular part is the new and innovative part I have an idea for.
In order for the judicial to help return the power to the people, to fix the myriad wrongs, it can't act on its own. Here's what it often takes for the Judicial to try and bring balance and protect the constitution from the other two branches.
1. An ideal plaintiff to bring a case.
2. An ideal case to be heard.
3. The court to accept the case.
4. A very expensive law firm to argue the case.
5. Money to pay said expensive firm.
The legislative and executive need none of those things, which is why they've run rampant (particularly the executive.)
So my idea. Funding, and a mechanism by which the judicial might try and restore some balance and some constitutionality to the republic, by acting on its own, without needing an ideal plaintiff, ideal case, and lots of funding for a law firm.
One could also say judges are underpaid by the way. And these problems aren't unique to the United States.
I'm pretty tired of posting about the relentless violations of our rights, mass surveillance, violations to the right to assembly, the freedom of press, unreasonable searches and seizures, cruel and unusual punishments...
What did you think always making more rules and regulations and laws forever would result in? New rights never appear, the only get shrunk, the shrinkflation of your rights. More restrictions always, more freedoms never. It only leads one direction. There so much profit for so many private interests in destroying your freedoms, and so little private profits in actually respecting your god given freedom.
TLDR: Checks and balances aren't checking and balancing. The judicial branch needs a boost and some kind of funding and ability to act without an ideal plaintiff and case and private law firm could be just the ticket. Heck, just the funding alone could do the trick, as you could fine more ideal cases and plaintiffs and pay those lawyer bills, without needing to do much else, but for authorize the funding.
The same people that grant the cases a right to a trial could be the people that also authorize funding from a legislatively approved fund.
Short of this, I don't really know how to solve much of governments problems, and their citizens being harmed by them, it seems like the legislative route is too captured by special interests to be affordable to try and fix things?
Anyway, at least it's an idea that could work, that I haven't heard before.
Smol Brain 🧠 retweeted
When you're a team building on a public open chain and execute an OTC deal, seed a liquidity pool or pay a team member, you leak your exact runway and corporate strategy to competitors and scammers of all sorts while basically publishing your team's personal net worth.
Smol Brain 🧠 retweeted
Our industry built a financial surveillance apparatus and labeled it "DeFi". Making everything public was a flaw of early tech.
#ModulusZK is the way out. Back to the original cypherpunk vision.
Smol Brain 🧠 retweeted
I created a whitepaper for a solution like this, might be useful for your Product team. I'm busy building the greatest chain in the world @ModulusZK, so more than happy to give it to you to review to see if you want to run with any of the Product within it. Have sent DM
Smol Brain 🧠 retweeted
$pDAI to $1. #PulseChain Freedom Chain.
Smol Brain 🧠 retweeted
US extends protection of Venezuela-owned Citgo from creditors
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