Please retweet. @Wise has blindsided us and put our business at risk. This is insane.
We’ve been a Wise customer for years, using their USD bank account to accept payments from our US clients.
Today, I discovered that Wise has capped how much we can send or withdraw from our account at roughly 40% of our usual monthly volume.
No advance notice. No explanation.
We’re suddenly at risk of being unable to make payments on time.
Luckily, we have other accounts. Some clients also pay us in Bitcoin. But most of our money comes into Wise.
How can @Wise do this after we’ve been a customer for years and processed millions of dollars through it?
Customer support can’t help us. We’ve filed a complaint, but who knows if it will go anywhere.
In the meantime, we can’t get our money out. We’re being held hostage.
lol I just got to China and these criminals @Wise have decided to randomly close my account with nearly half a million GBP in it with pending payouts coming in over the next week. They’ve asked me for invoices all week and I’ve sent them all within 6 hours of being asked, and then I still get suspended. How will staff and suppliers get paid?
Not even sure what to do at this point, if anyone can help me or point me in the right way let me know. @Wise this isn’t how to treat high profile customers with over a year or business. I am based in UK. Any help is appreciated
Baizuo retweeted
Big respect to @CBarraford in this 2vs1 still debate …
Now ask BTC or ETH miners to stop everything every time an entry point interface neglected security and funds got hacked …🤷♂️
Even in fiat world , Interac payments get used for good and bad reasons so would you freeze all Interac payments every time a suspicious payment is made ?
Taylor presses THORChain cofounder Chad Barraford on why the protocol wasn't shut down when stolen funds were nearly 100% of one route
Taylor: "Okay, so what happened in this case?So the admin key was used as an interim stop. And then the protocol was upgraded to take the actions. In reaction to a situation that was deemed to be bad by the protocol.
Chad: "By a 2/3 majority."
Taylor: "Okay. So why couldn't you do that in any case where, let's say, the majority of funds on a certain route are known to be directly stolen funds? What you did for THORFi, right? You take an interim action and then you do whatever you want to do."
Chad: "Right. So the action you're referring to is, like, turn off trading, for example, right? To be clear, the admin key that we're talking about doesn't even exist in the code base today. It did a while back, but it no longer exists. It was removed, I don't know, a year ago, a year and a half, I don't remember how long ago it was."
"But even if it still was around, you want the protocol to turn off its entire system and all the trading that it does, and the source of revenue and income, for 1 to 2 weeks every time some external exchange or external thing gets hacked."
Taylor: "I'm advocating for it if that's the only functionality you have, right? And the vast majority of funds. So, like, for example, the XRP to ETH route, right? We can look at the numbers, but it was not 20%. It was not 50%. It was nearly 100% of assets on that route for that period of time that were directly stolen funds."
"If you turned it off, I'm not saying a time limit. I'm saying any amount of time, right? That would have cut them off somewhere else, right? And then you wouldn't have laundered stolen funds for DPRK."
Chad: "No, that's not right. That's not correct."
Baizuo retweeted
Look at this framing: "THORChain declined her request."
So dishonest.
The Bitget hack has turned into an insightful look at bad actors and their spokespeople in crypto. You think we have a hacker problem? The born-again bankers are a much bigger threat to this industry than the thieves are.
Start with Gracy Chen. Instead of taking ownership of losing $388M of her customers' money through her own security failure, she blames THORChain for refusing to do the impossible: freeze specific transactions.
So take the claim seriously. "Declined" how, exactly? Who received the request? At an exchange like hers, that person has a name, a title, and an email address. On THORChain that person does not exist.
Per THORChain's own explorer there are 95 active nodes, anonymous, bonded, churned out every three days, and none of them holds a freeze button.
As security researcher Michael Perklin put it, node operators have "no active choice to sign, only an active choice to turn off the machine." Same as Bitcoin miners.
The thing Gracy says was declined was never on the menu.
Now the media. Laura Shin ran "THORChain declined her request" as settled framing and "does permissionless mean neutral" as a real question.
Permissionless means there is no one to ask. Neutrality is a policy. Permissionlessness is physics.
A journalist's job is to catch that distinction, not launder "the mechanism does not exist" into "they chose not to help," which happens to be the exact story an exchange with a hole in its protection fund needs told.
So here's the fix, Laura: book the other side. Have THORChain contributors on and ask them to point to the freeze button. That episode would be worth timestamping.
How a Third-Party Zero-Day Let Hackers Drain $388 Million From Bitget
"Permissionless doesn't mean neutral." 🛡️
@GracyBitget told me that's the stance she wants from DeFi, after @near_intents helped freeze stolen @bitget funds and @THORChain declined her request.
🎧
Timestamps:
🚨 01:50 How attackers used a third-party zero-day to fake withdrawal commands
❄️ 07:15 Why Bitget switched wallets back on mid-attack to sweep funds to cold storage
💧 14:30 1inch Aqua: See how LPs back multiple positions with the same token balance at unchainedcrypto.com/go/1inch…
⛓️ 15:37 Why the hackers were able to transact even after withdrawals were paused
🧊 19:04 How Tether, Circle, and NEAR Intents froze funds, and why recovery is harder
🕵️ 24:05 ZachXBT's shift on the Bitget hack and his earlier pump-and-dump claims
🛡️ 30:01 NEAR Intents vs. THORChain: does permissionless mean neutral?
💰 41:55 Why Bitget built its protection fund in 2022 and how it covered the loss
🎭 48:17 How scammers posed as an investment team to target Gracy after the hack
📈 01:01:32 A net ETH inflow after withdrawals reopened, and whether the IPO is still on
Baizuo retweeted
Replying to @laurashin @tayvano_
What is this then gitlab.com/thorchain/thornod… last update is from 9 hours ago
👀🍿
I shorted base:0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf at $27 last night and will add more if it goes up.
I must say Erik did a fantastic job at distribution but the tokenomics are just borderline ponzi like.
Either the token side or equity side will have to take a hit, they can’t thrive together + the token is now trading at 150-200 multiple
Baizuo retweeted
🇪🇺 JUST IN: ECB's Christine Lagarde personally stepped in to stop Binance from securing an EU-wide license, per WSJ.
Baizuo retweeted
People killed by AI: zero
People killed by governments: millions
Let's give control of AI to the governments and call it safety
I applied for a Note at The Reserve. Application E-WLBR-HLR7. Redeemable in gold.
whitelist.thereserve.capital…


































