Web3 Dinner Club — Founder (London 🇬🇧) 30+ Dinners hosted. Host Hardwired Podcast by @alphawirehq Helping early-stage startups.
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Joined February 2022
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Harry Crabtree 🦀 retweeted
🚨 EXCLUSIVE: MEXC CEO ON THE FUTURE OF BANKING BY 2030
Vugar Usi (@usithetalk), CEO of @MEXC, explains how technology could transform the way consumers choose financial products.
With 40 major banks offering up to 400 credit card products in a single country, comparing every option is nearly impossible.
He believes smarter tools will help consumers identify the best products, shifting competition away from flashy interfaces toward better benefits, specialised services, and real customer value.
“It's not about who has the best design. It's about who has the best product.” 🎙️
Harry Crabtree 🦀 retweeted
🚨 EXCLUSIVE: MEXC CEO ON THE FUTURE OF 24/7 STOCK TRADING
Vugar Usi (@usithetalk), CEO of @MEXC, shares his vision for how 24/7 trading could transform traditional financial markets.
He believes round-the-clock trading and tokenization could unlock global liquidity, reduce market gaps, and give investors worldwide greater access to financial markets.
“More money coming and more opportunities created for everyone.” 🎙️
Harry Crabtree 🦀 retweeted
🚨 MEXC CEO ON THE FUTURE OF BANKING AND CRYPTO
Vugar Usi (@usithetalk), CEO of MEXC, shares his vision for how banking apps and crypto exchanges could evolve into everyday financial platforms.
From traditional banking to accessing financial services through a single app, Usi discusses how the lines between crypto and conventional finance are beginning to blur.
“Banks will become like crypto exchanges.” 🎙️
Harry Crabtree 🦀 retweeted
🚨 MEXC CEO SPEAKS OUT ON THE FUTURE OF CRYPYO EXCHANGES
“Banks will become like crypto exchanges.”
Vugar Usi (@usithetalk) on the future of crypto exchanges and what it means for users. 🎥🔊
Harry Crabtree 🦀 retweeted
Now I’m finally over the jet lag, I’ve had a chance to look back at @token2049 Singapore.
25,000 people, hundreds of speakers and more side events than anyone could realistically attend.
I was there all week and still struggled to keep up with everything being announced.
So, here’s a roundup of the biggest announcements from TOKEN2049 and the wider Singapore crypto week.
@SamsungMobileUS: Announced USDC transfers directly through Samsung Wallet, with @solana and @SuiNetwork among its blockchain partners. Rolling out to eligible US users in late October.
@Securitize: Launched tokenised US stocks on Solana, including Apple, Nvidia, Microsoft and Tesla. These are backed 1:1 by underlying shares and available to eligible investors.
@okx: Announced strategic investment from @circle, @Ripple, QRT and Standard Chartered’s SC Ventures at a $25 billion pre-money valuation. Its joint venture with NYSE owner ICE also filed to launch 24/7 tokenised US stock trading.
@Ledger: Launched Bitcoin-backed borrowing through @MorphoLabs. Eligible users can borrow stablecoins against wrapped BTC without selling their holdings.
@Cardano_CF: Launched its CIP-0113 programmable token standard on mainnet, allowing compliance rules to be built directly into tokenised assets.
@coinbase: Confirmed its Deribit integration is complete and outlined plans for crypto options, spot margin trading and the return of Coinbase Pro later this year.
@worldlibertyfi: Announced a partnership with @meshpay to allow USD1 stablecoin payments across its merchant network. Rollout is planned for Q4 2026.
@Gate: Launched Gate Money, combining crypto, stocks, traditional assets and payments within one platform.
@0xPolygon and @trondao: Announced TRON support for Polygon’s Open Money Stack, allowing businesses to move USDT between banking systems and different blockchains.
@NiumGlobal and @RedotPay: Partnered to expand stablecoin-to-fiat payments and withdrawals. RedotPay has more than 9 million users.
@circle and Tereina: Announced plans to integrate USDC and EURC payments into SAP business software, allowing companies to use stablecoins without leaving their existing systems.
@orca_so and @Loopscale: Announced their merger to form @formation_so, with plans to expand beyond crypto into financing businesses across AI, energy and other industries.
Anyflo: Emerged from stealth and announced the acquisition of the team behind Sui ecosystem project Native, focusing on making stablecoin payments easier for businesses.
@animocabrands and @FTDA_US: Announced a partnership aimed at bringing more tokenised investment products to NUVA, Animoca’s asset marketplace.
@projecteleven: Introduced Strongpoint, a post-quantum custody solution, with the Zcash Foundation joining as an initial development partner.
@NEARProtocol: Added Robinhood Chain support to NEAR Intents, allowing swaps between Robinhood Chain and other blockchain networks.
@HyperliquidX: Jeff Yan outlined options trading as the platform’s next major area of development.
@Polymarket: Shayne Coplan discussed the possibility of an onchain asset with programmable utility tied to Polymarket’s ecosystem. This remains exploratory, with no token launch confirmed.
@CryptoHayes: Used his keynote to outline FLOP, a proposed blockchain designed around AI agents and computing resources. A testnet is targeted for late October.
@BitMNR: Tom Lee confirmed the company will stop accumulating ETH once it reaches 5% of Ethereum’s total supply. It’s already very close.
@token2049: Announced its first New York event, scheduled for June 16–17, 2027.
That’s a lot to digest.
One thing that stood out to me this week was just how much of the conversation centred around stablecoins, payments, tokenisation and traditional financial institutions.
Not particularly glamorous compared to some of the narratives we’ve seen dominate previous cycles, but arguably far more important.
I’ve been working in crypto for six years now, and the industry feels very different from when I first entered it.
We’re increasingly talking about how crypto fits into existing financial systems rather than how it’s going to replace everything.
Of course, there’s still a big difference between announcing something on stage and getting people to actually use it.
That’s the part I’m most interested in watching over the next 12 months.
Harry Crabtree 🦀 retweeted
The risk is not the tax bill.
It is a home address tied to a history that never disappears.
HMRC wants more power over financial data. The problem is that Bitcoin is not a bank account.
Once names, home addresses and tax IDs are linked to a Bitcoin address, that information can stay connected to a public ledger indefinitely.
Europe is already seeing the consequences when crypto holders’ identities and holdings are exposed.
France saw 19 verified physical attacks on crypto holders in 2025. A French tax official was charged after using government software to look up crypto investors' details and passing data to criminals.
I spoke to @Recap_io, @invity_io, @BullBitcoin_ and @KnightbridgeTax about what the UK and EU rules could mean for privacy, self-custody and physical security.
Tax enforcement should not create a target list.
My latest for @Forbes:
forbes.com/sites/digital-ass…
Harry Crabtree 🦀 retweeted
The sophistication of these attacks are getting insane. Today's victim:
BITGET.
$351.6 million gone from hot and warm wallets this morning. Biggest crypto hack of 2026. Biggest exchange breach since Bybit.
CEO Gracy Chen: the private keys were never stolen.
Attackers hit a critical backend system in Bitget’s wallet stack, spoofed the transaction data, and walked it through the exchange’s own authorization process. The keys did their job. They signed what the system told them to sign.
“Not a private key compromise” is technically true. It is also the least reassuring true sentence in this story.
If fake transaction data can enter your authorization pipeline and leave it approved, the key is beside the point. The failure sat upstream: in the layer that decides what gets signed. This is a much more dificult problem than custody. Difficult to audit and build processes to protect against.
$351.6M total, hot and warm wallets
~$192M across 15 transfers, 7 assets; ETH the largest slice at 44.4%
$464M User Protection Fund covers the loss in full
Withdrawals paused. Deposits and trading still live.
Chen flagged IPs matching VPN patterns used by a DPRK group. On-chain analyst Specter traced bridged XRP back to AFX Trade exploit funds from July: attributed to TraderTraitor.
Harry Crabtree 🦀 retweeted
In conclusion - defense in depth suggests you should fix *everything*. But the vast majority of exploit paths identified have significant practical mitigations and the actual rate of defects/exploits has remained largely flat when compared to human first attackers.
Use AI, but don't buy the hype
Project Glasswing stats have been updated. Less than half a percent of CVE’s have been exploited in the wild.
Link: github.com/patrickmgarrity/A…
Harry Crabtree 🦀 retweeted
Balancer is dying. Here is how and why, and how you can avoid the same fate.
Harry Crabtree 🦀 retweeted
Less of an update on this one, and more of a thought partnership.
2. Early thoughts: Manyways Quests 🏹
Teaching friends, family, and teams to use coding agents in their daily workflows has made me want to build more around enablement. Give it a read.
Harry Crabtree 🦀 retweeted
Hello, you can call me T. Apologies in advance for the long-winded intro to the project.
Over the last few days, I’ve watched attempt after attempt to launch an inference router fail. Most were thin wrappers around basic model-to-model requests, built without any sense of what a real router could become. Then, time and again, the teams rugged. It has been frustrating to watch because the first version is not difficult to build. A live catalog, metered requests, honest pricing, one balance and reliable access are all shippable (You can already do this in Manyways). The harder part is staying to build the full system people were promised.
My goal is to make $MANY the currency that powers democratized inference. Fees generated by the token would flow into a shared inference balance that pays for real requests across model providers. As the token is used, the pool grows. As people use the pool, they get access to models and give us the data needed to build better routing. Every request still has a real cost, so the balance, spending limits and routes should be visible. If the pool can fund a month of inference, we should say that. If it can fund years, we should show that too. I want the economics tied to something people can use and inspect.
In 2021, Robinhood showed how much demand appears when you remove commissions, minimums and ceremony from markets. I want to bring that instinct to intelligence: fewer accounts, fewer paywalls and a much lower barrier between a person with an idea and the models that can help them build it. Manyways already starts with free model comparisons and one wallet-funded API. The larger mission is to turn $MANY fees into shared access, then keep widening that access as the network grows. I want to build an inference economy where the token continuously buys the thing it represents: intelligence people can use.
Come give it a try @ manyways.dev/
-T
Harry Crabtree 🦀 retweeted
I just found a confirmed bug on @immunefi as a chief finder #immunefitribe immunefi.com/s/ss/?severity=…
Harry Crabtree 🦀 retweeted
Every founder asks what an audit costs.
Almost nobody asks how long it lasts.
Kind of strange don’t ya think, because you'd never buy anything else this way. You'd never lease equipment without asking about depreciation. You'd never buy insurance without checking the coverage period.
But teams spend $80k on an audit and never ask the only question that determines its value:
What is this worth after my next release?
Because an audit doesn't have a price. It has a depreciation curve. It's worth the most on the day it's delivered and loses value with every merge, every dependency bump, every config change, every new integration.
This is what I call Audit Durability. How long an audit's assurances actually survive contact with your roadmap. What can we as a team do to extend this coverage? And for most fast-shipping teams, the honest answer is quite a lot with the correct framework.
Now run the real maths:
$80k audit ÷ 12 months of assumed coverage = feels reasonable.
$80k audit ÷ 6 weeks of actual Audit Durability = the most expensive PDF you own.
The audit industry sells you the first calculation.
Your attackers are working off the second one.
Harry Crabtree 🦀 retweeted
Spoke to @HarryGbc on the state of risk in DeFi and what we are building at @Verdict_Finance
The future will be risk averse as institutions come on board and agents are batch killed for underperformance.
youtube.com/watch?v=NyyvLifW…
Harry Crabtree 🦀 retweeted
We studied 556 DeFi hacks ($16.6 billion in losses) before writing a single rating criterion.
Here's what actually breaks. And why "it's audited" predicted almost none of it.
First, the number that should reorder every security budget in this industry:
56% of all recorded DeFi loss never touched a smart contract.
$9.4 billion walked out through keys, custodians, frontends, and operational failure. The code was fine.
The full breakdown:
~56% ($9.4B): infrastructure, compromised keys, custodial breaches, frontend hijacks
~33% ($5.6B): on-chain contract logic
~9% ($1.5B): governance capture, dependencies, rugpulls
Three domains. Three different owners. One tool covers none of them alone.
Now look at where the industry spends.
Almost all of it goes to audits, which only address the 33%. And an audit is a snapshot of one commit on one day. The code you ship next month isn't the code that was audited.
The biggest loss domain gets the least scrutiny.
This month a perp protocol was drained of $ 23.7M.
It had passed six audits.
The attacker didnt touch contract logic. They compromised a signer key. Every one of those six audits scoped off-chain key management out.
Six audits. Zero coverage of the surface that mattered.
The deeper problem: risk in DeFi is inherited, not isolated.
Flawless code reading a manipulable oracle inherits that oracle's risk. A contained logic bug plus an EOA admin key is catastrophic where each alone is medium. An attacker takes the cheapest path in.
Nobody scores the dependency graph. So nobody sees it.
We took the full loss record and worked backwards. Every recurring failure mode became a testable defensive requirement: "to prevent X, a protocol must do Y."
62 requirement classes. Built from observed loss, not theoretical threat models.
That's the foundation under @Verdict_Finance:
Ratings across the whole stack: protocol, chain, oracle, token, org, bridge, vault
Operational assessment on the surface audits can't see
Contract scanning between audits
Cover that turns the rating into a live price
The question the market keeps asking is "is it audited."
The question that would have caught most of $16.6B is "what does this protocol inherit."
We're building the infrastructure that answers the second one. Follow along and see our journey.
Harry Crabtree 🦀 retweeted
The trust layer for DeFi deserves a home that reflects it.
verdict.finance just got a makeover. Built for the institutions, protocols, and allocators who need more than vibes before they deploy capital.
Go take a look. verdict.finance
Harry Crabtree 🦀 retweeted
Defi hacks have cost protocols ~$16Billion in losses.
They fall into 3 camps:
Infra: private keys, custody breach, infra and frontend hijacks.
Logic: smart contract exploits.
Ecosystem: governance dependencies, team failures.
We need a trust layer for defi which addresses all three.
Thats why we are building @Verdict_Finance
Infra is addressed by our Pre Launch Risk Assessment.
Logic is addressed by WhiteHat our in house triage system and code level Ratings.
Ecosystem is addressed by our Ratings system which incorporates the above two in a dependency graph.
We need defi to stop becoming a magnet for scammers. We think we have the solution.