KING Official X re-tweeter Nothing I say or re-tweet is financial advice! Chads, DYOR. https://teapaw.org/t.co/IcYwLtZPFQ
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Crazy if true
Binance 🚨🚨is balance sheet restructuring & trying to stop a bank run that was likely already forming due to their internal bad debts or fractional reserve practices. . Binance is facing a massive liquidity crisis (maybe due to bad loans, FTX-style internal trading desk losses, or regulatory freezes). They need to lock up $6.3 billion in user funds without admitting insolvency. 🚨
They engineered a "hack" using the EIP-7702 vector. They move the funds to wallets they control. They freeze $3B of it (to stop the bank run on their own exchange) and let $3.3B "escape" into dormant BTC wallets and Uniswap swaps (which are likely wash trades back to their own market makers). They crash the market 4-5% to liquidate short positions and scoop up cheap assets.
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Look at the forensic breakdown of the attack. In the span of 20 minutes, the attacker drained funds across ten different blockchains, including Bitcoin, Ethereum, Tron, Solana, XRP, Optimism, and Avalanche.
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These blockchains do not share the same cryptographic curves or key types. Bitcoin uses ECDSA (secp256k1). Solana uses Ed25519. XRP uses its own variant of ECDSA. A single compromised laptop does not possess the magical ability to sign valid transactions across ten fundamentally different cryptographic architectures in 20 minutes. As TRM Labs explicitly noted in the forensic data, a single phished Ethereum authorization cannot explain Bitcoin, Tron, XRP Ledger, Solana, and layer-2 transfers all occurring simultaneously
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If a real hacker compromised their laptop, they would have to navigate Binance’s internal infrastructure to access 10 separate, isolated hot-wallet signing services, bypassing hardware security modules and multisig requirements for each individual chain. That takes hours or days of lateral movement, not 20 minutes.
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The only entity capable of executing simultaneous, validly signed withdrawals across ten different chains in 20 minutes is the exchange’s own internal automated withdrawal engine
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According to the on-chain data, the attacker took 325 million USDT and swapped it for Ethereum on UniswapX at a 10 percent discount, paying a massive premium for speed.
Professional market makers absorbed that trade. Why would an external hacker take a 10 % haircut on an irreversible, unsanctioned swap when they control the wallet? They wouldn't.⚠️⚠️🚨
Furthermore, the Bitcoin stolen was split into exactly 1,000 BTC chunks across 17 new wallets and then sat completely dormant.
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It was not laundered. It was not moved to a mixer. It was organized into clean, institutional-sized blocks and parked. Hackers do not park stolen funds in neat, 1,000 BTC increments. Institutional custodians do this when they are restructuring balance sheets or moving funds to cold storage under their own control.🚨
The attacker even routed test transactions back to itself before the main sweep.
This is the behavior of an internal engineer testing a deployment script.🚨
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Binance is doing exactly what FTX did before its collapse, just with a more sophisticated smokescreen. They have halted withdrawals. They are promising to make users whole with money they do not have.
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Within the next 30 to 60 days, Binance will slowly resume withdrawals for small retail users to maintain the illusion of solvency. Large institutional whales will find their accounts frozen indefinitely pending "investigation" into the hacked funds. The $3.3 billion in Bitcoin and Ethereum currently sitting in dormant wallets will not be recovered. It will be slowly commingled with other exchange flows over the next year to quietly plug Binance's internal holes.
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You are watching a bank robbery designed to hide the fact that the largest exchange on earth is out of money.
-
kenhuangus.substack.com/p/ho…
nbcnews.com/business/markets…
Knee.Grow retweeted
JUST IN: 🇰🇵 North Korea's $6,300,000,000 Binance crypto hack is the largest heist in human history.
Knee.Grow retweeted
JUST IN: Over $1.3 billion in leveraged crypto longs have been liquidated in the past 5 hours.
This comes after Binance was hacked, with an estimated $5.7 billion in cryptocurrency stolen, making it the largest hack in crypto history.
Bitcoin, Ethereum, and other cryptocurrencies continue to dump, with $BTC falling under $77,000 and $ETH falling below $2,215
FUCK YOUR KEYS
FUCK YOUR CRYPTO
I’M OUT
WE JUST SAW THE LARGEST HACK IN CRYPTO HISTORY.
$5.6 BILLION just flowed out of Binance wallets across multiple blockchains.
Bitcoin suddenly dropped -$2,000 on the news and dropped below $79k, triggering a brutal $$600 million in long liquidations.
$80 billion erased from crypto in 15 minutes.
Tether and Circle acted fast and froze at least $2.316 billion in stablecoins.
CZ assures that user funds are safe, and will be fully covered. Binance says its investigation is still ongoing.
Bitcoin is now recovering.
Knee.Grow retweeted
‼️ BREAKING: ~$2.5B in crypto left a Binance hot wallet in one transaction, sent to a brand-new address.
The wallet that triggered it was funded through Tornado Cash. Founder CZ says it looks like a hack.
Tether and Circle have frozen ~$1.8B. Binance has not confirmed a hack.
Knee.Grow retweeted
BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen:
• $1.45 billion $BTC
• $875 million $ETH
• $234 million $TRX
• $50 million $XAUT
• $1.57 billion $USDT
• $823 million $USDC
• $75 million $WBETH
• $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history.
Knee.Grow retweeted
JUST IN: 🇺🇸 NYSE owner to bring Hyperliquid $HYPE perpetual futures to regulated U.S. markets.
Knee.Grow retweeted
China may be the FIRST country to burst the AI bubble.
Its stock market, the world’s 2nd-largest, is now OFFICIALLY in a bear market.
Its blue-chip CSI 300 has now fallen -20% from its peak.
Mainland stocks have lost $2.4T since May.
What caused? AI.
Over the past 2 years, investors piled into Chinese AI stocks until they made up 42% of the entire market.
That frenzy sent new listings flying.
GPU makers Moore Threads and MetaX jumped 400% and 700% on their debuts, and robot maker Unitree’s IPO was 8,000x oversubscribed.
By the peak, the STAR 50, China’s AI index, was trading near 250x earnings.
But the profits never caught up to the prices, and investors started selling.
By late October, the index had fallen 40%, erasing $480B.
AI makers MiniMax and Zhipu down over -85%.
Unitree, Moore Threads, and MetaX all cut in half.
AI was too big to fall alone. It took the whole market with it.
Moreso, Morgan Stanley sees another 10–15% drop before a bottom.
So far, the selling CONTINUES.
Knee.Grow retweeted
Saat ini Indodax menghentikan sementara deposit dan penarikan sebagai langkah pengamanan karena kami mendeteksi peningkatan upaya serangan siber.
Tim kami sedang melakukan evaluasi dan mitigasi. Deposit dan penarikan akan kami buka kembali setelah dipastikan aman.
Aset member aman dan tidak ditemukan penarikan tidak sah maupun kebocoran data.
Maaf atas ketidaknyamanannya. Kami akan terus memberikan update melalui kanal resmi Indodax. Keamanan aset dan data member selalu menjadi prioritas kami.
Knee.Grow retweeted
The whole world is preparing for an apocalypse.
Germany is advising households to stockpile food, drinking water, first aid kits and torches.
They're also warning citizens about prolonged power outages.
Hospitals are preparing for mass casualties.
A military assessment has raised the Russian threat to a significant level.
Japan has declared a state of emergency in cyberspace.
Banks and public services are under attack.
The French President has ordered emergency plans to protect critical infrastructure from drones.
France has also started strengthening their nuclear arsenal for the first time in decades.
Finland, Sweden and Poland have started restoring and testing bomb shelters.
They have all increased their strategic reserves of wheat, barley and rye.
Students and volunteers are being trained in civil defense programs.
More than 2000 people have joined.
It's Europe's largest civil defense drill since World War II.
Russia is already destroying Ukraine's energy infrastructure.
Ukraine has warned their residents to prepare for the hardest winter in its history.
Prolonged power outages and water disruptions are being discussed.
The government is urging people to stockpile water and power banks.
India's Prime Minister has issued a deadly warning to banks.
He believes cyberterrorists are plotting to destroy India's financial system.
The UK's Prime Minister has urged people to stock up on food and water.
The Defence Secretary believes the UK may have only 1000 days to prepare for a major war.
People have been urged to be prepared to make sacrifices for the country.
The IRGC is threatening to cut undersea cables in the Strait of Hormuz.
The entire Middle East could spend months without the Internet.
Their economies could be completely destroyed.
The U.S. military is preparing to sustain essential operations without water and fuel for 90 days.
They fear civilian infrastructure and supply chains could be attacked in the coming months.
The Strait of Hormuz is closed.
Bab el Mandeb is also closed to Saudi.
Food shortages are now inevitable.
Millions of people are on the verge of starvation in the coming years.
Governments have already started panicking.
And there is no clear short or long term solution.
Human civilization is under serious threat.
Knee.Grow retweeted
BREAKING: The U.S. is preparing all major US military base to survive at least 90 days completely cut off from outside power, fuel, water and supplies, per Fox News.
The plan, called FORTRESS, is built for a major war that could cripple power grids and break supply chains on American soil.
Bases would run on portable nuclear reactors, large scale batteries and microgrids that can unplug from the civilian grid entirely.
Knee.Grow retweeted
🚨 REKT: CoinDCX now confirms a $15.99M loss from old wallets it said were retired after last year's hack.
Knee.Grow retweeted
BREAKING: China’s stock market has officially entered BEAR MARKET, wiping out ¥12 TRILLION ($1.75T) since its June peak.
The CSI 300, which tracks China’s 300 largest companies, has now crashed 20% from its June peak, officially putting the index in a bear market.
The index is now trading at its lowest level in 15 months after falling for 10 straight weeks, its longest losing streak on record.
Fading stimulus hopes, weak earnings and the global AI selloff are piling pressure on Chinese stocks.
Retail investors drive ~90% of China’s daily trading, per HSBC, compared with ~20-25% on the NYSE, making sell-offs faster and sharper.
State-backed funds have reportedly stepped in to support the market, but the selling continues.
China’s AI trade is now taking a beating.
