mike

GM

This is an interesting part of the Binance hack. For people thinking of borrowing against crypto, it's worth understanding the nuance:

Binance hacker's $60M crypto loan nears liquidation

https://www.perplexity.ai/page/952aad07-5748-4878-ba95-33ba191eae04

Welcome

to the NOSTR family everyone 😂

Interesting article of the day:

Physicists created a tiny universe and watched time emerge without a clock

https://sciencedaily.com/releases/2026/10/261028234703.htm

On Whitepaper day, I find myself thinking of the Bitcoin pioneers that have fallen, disappeared or faced severe hardships:

Satoshi Nakamoto Trendon Shavers Peter Vessenes Charlie Shrem Mark Karpelès Homero Joshua Garza Mike Hearn Gavin Andresen Alexander Vinnik Roger Ver Jihan Wu Jeff Garzik Erik Voorhees Calvin Ayre Amaury Séchet Arthur Hayes Benjamin Delo Samuel Reed Nic Carter Su Zhu Kyle Davies Alex Mashinsky Barry Silbert Sam Bankman-Fried Changpeng Zhao Craig Wright Rodolfo Novak (NVK) Luke Dashjr Bitcoin Mechanic Adam Back

GM

It's Whitepaper day. Here's the link for those that read 😂

https://bitcoin.org/bitcoin.pdf

YODL in his natural habitat 😂

The price of a DGX Spark has literally gone up in two leaps today alone.

In September it was £5,000. A couple of weeks ago it was £5,200. A couple of days ago it was £5,500 This morning it was £5,700 This afternoon, it's now £6,000

https://www.scan.co.uk/products/nvidia-dgx-spark-personal-ai-supercomputer-gb10-blackwell-superchip-4tb-ssd-128gb-lpddr5x-connectx7

Quote of the Day:

"Other peoples opinions about me are none of my business."

Jimmy Carr

I like this 😳

And then ...........

From X:

The Binance hacker might have just executed one of the most brilliant moves in crypto.

First, Tether froze $1.5 billion worth of USDT.

Then Circle followed by freezing another $800 million in USDC.

At that point, it seemed like the hacker’s funds were completely trapped.

But apparently, he had already thought several steps ahead.

Rather than keeping the stolen USDT in a wallet, he allegedly deposited it into Aave and used it as collateral to borrow ETH.

Then he walked away.

And this is where things get really interesting.

Tether can freeze the USDT sitting in that wallet.

But it can’t freeze the ETH that was already borrowed.

So now, Aave is left with frozen collateral, while the hacker is holding liquid ETH.

And unless the protocol finds a way to recover those funds, he might not even have to repay the loan.

Two companies froze billions of dollars in seconds.

Yet someone who understood how DeFi works may have found a way to bypass both restrictions.

Pretty wild when you think about it.

https://x.com/kennedy_6190/status/2116040095740436957

And we think a Crypto hack is brutal!

Meanwhile in normie world:

The Binance hack happened between 8:04pm and 8:24pm, yet there was an initial dip at 7:55. I wonder if the attackers held crypto already and sold it knowing they would cause a crash?

"Two blockchain intelligence companies, TRM Labs and Chainalysis, have reportedly attributed the attack with high confidence to North Korea's TraderTraitor group, associated with the Lazarus hacking operation."

AP News:

https://apnews.com/article/binance-cryptocurrency-security-hack-north-korea-550e9b876550f71f07098494fe735beb

GM

Binance currently estimate last nights exchange hack stole $6.3 billion in various Coins.

https://x.com/binance/status/2115993361517891592