Co-Founder of nothing • Trader • Investor (sometimes)
Joined February 2021
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Web3Robinho retweeted
.@Polymarket market suggestion:
Will Aleksandar Vučić be arrested by December 31, 2027?
YES: Aleksandar Vučić is formally arrested or taken into police custody by Serbian or foreign law enforcement authorities, including through INTERPOL-coordinated action.
1/2
$BTC 🎯
As expected: Short squeeze into stacked liquidations, back into the range, then another leg lower.
#bitcoin
$BTC
I'll keep it simple.
If price squeezes the shorts, I'll look for longs if I see acceptance above the range and follow-through.
If price sweeps the liquidity above the range, gets rejected, and moves back inside, I'll look for short opportunities.
1/
I had around 90% of my portfolio on Binance when the hack happened.
As soon as I noticed what was going on, I tried to withdraw my funds.
But it was already too late. Withdrawals had been suspended. 🧵
6/
This was an enormous wake-up call.
Binance is a massive exchange with substantial resources, and its response so far has been encouraging.
But what if the hack had been $15B?
What if the losses had been too large for even Binance to absorb?
I could have lost everything.
"what matters is the response, the transparency, and the commitment to users."
This is where @LucaNetz fucked up with @AbstractChain
As planned, I aggressively shorted $BTC as soon as price got rejected and moved back inside the range.
So far so good. 🎯
✅ Liquidity sweep
✅ Rejection
✅ Sharp move down
$BTC
I'll keep it simple.
If price squeezes the shorts, I'll look for longs if I see acceptance above the range and follow-through.
If price sweeps the liquidity above the range, gets rejected, and moves back inside, I'll look for short opportunities.
Web3Robinho retweeted
As planned, I aggressively shorted $BTC as soon as price got rejected and moved back inside the range.
So far so good. 🎯
✅ Liquidity sweep
✅ Rejection
✅ Sharp move down
$BTC
I'll keep it simple.
If price squeezes the shorts, I'll look for longs if I see acceptance above the range and follow-through.
If price sweeps the liquidity above the range, gets rejected, and moves back inside, I'll look for short opportunities.
UPtober didn't go as planned. 😅
Started with Abstract shutting down.
Ended with Binance getting hacked.
What a month. 🥵
Web3Robinho retweeted
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
Web3Robinho 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…
Web3Robinho retweeted
As part of our ongoing security measures, Binance Alpha trading has been temporarily suspended - CEX Buy Token/Alpha instant/CEX purchase prediction marketing using fund in spot wallet.
Trading will resume once the security issue is resolved.
User funds remain safe. We’ll keep you updated.
Thank you for your patience.
