2,100 NFTs | 2,039 Unique Holders | 4 Campaigns 100% allocated, 0 reserves. Minting soon on @ethereum

Amazing. I love every one of you who participated. ❤️ Privacy on @ethereum is just getting started. 🔐 As the auction goes on, $P20’s FDV has reached 1.9M, up 137.5% in 24 hours. 13,592,400 $P20, about 20% of the circulating supply, has joined the auction. In just 24 hours, the privacy NFT auction has seen: 📈 Floor price up 53x 📈 Average price up 73x 34 hours left. We don’t know where it will end, but people seem to be getting interested in the first pure privacy coin and privacy NFTs on @ethereum. Auction Link: app.plabs.online/privasea/ju… Buy $P20 on PEX: app.plabs.online/pex

Ledger theft, day two. Since yesterday the thief has pushed ether through Tornado Cash three times, and each time on into Zcash's shielded pool. We followed every lot out the far side. Here is how, step by step. 1. THE SAME BUILD, THREE TIMES An ether wallet pays a fresh splitter. The splitter pays four fresh wallets. The four drop it into Tornado Cash's 100, 10 and 1 ETH pools. Minutes, every time. Run 1, yesterday 15:17: 1,254 ETH. Run 2, today 09:42: 1,291 ETH. Run 3, today 11:56: 450 ETH from 0xfa4EaBB840A33C156E600311433AE261CBfCb0e2, in the pools by 12:15. 2. OUT OF TORNADO CASH The mixer breaks the link between a deposit and a withdrawal. We do not need the link. Our tooling fingerprints the withdrawal transactions themselves: how each one is constructed, who constructs it, and when. Yesterday's 65 withdrawals (1,084 ETH) and today's 96 (1,726 ETH) all carry the same signature. The six other withdrawals from those pools in today's windows do not. Run 3 came out from 12:18 into 0x0d697aa182801566d87adc86e68e95fd3b2f5f82 (213 ETH) and 0x676b16cc18542f37d202a1a79ac05463395496a4 (122 ETH), and 195 ETH of it was inside a cross-chain swap service by 12:38. Forty-two minutes, end to end. 3. INTO ZCASH, AND OUT AGAIN The swap service turns the ether into shielded ZEC, where sender, amount and recipient vanish. But the service's own shielding of each lot is public, and from it we derive a value signature for that lot's exit, then scan every transparent exit from the pool. 108 of 108 exits across both days match their lot to the zatoshi. Not one other exit from the pool does. First lot today: in at 10:18:18, out at 11:06:16 in block 3512847 (8d26a9b095d4d28373527f7a6eb81a3be7f906d1e2190960c0512ff64f369418 and 738c6d1261e79766e4dd16bdbd38dced91b8e3a86ce41dcda83eda1f19208fbf), straight into a ZEC to USDC order. Today so far: 20 lots ordered (2,379 ZEC, $2.9m), 14 out, 5 inside the pool, 1 still settling. Every exit feeds a ZEC to USDC order paying two wallets born at 11:11, 22 of the 28 paid by 12:43: 0x816D5Ee17DB1495d1409F135b98FF3edc5F3cDf8: 940,561 USDC 0xBA736A4b616e79867B6d586293966b552883f3F3: 852,258 USDC 1.79m USDC, unspent. @Circle can freeze it. (1/2) 🧵⤵️

Let's see tmrw, GN & GM.

More than just a privacy NFT. This is where your on-chain wealth begins. Your Data, Your Control. 🎫 Quantity: 1,665 💎 Bidding Asset: $P20 (The Private Token on EVM) 🕗 Auction starts: Oct 19, 2026, 8:00 PM (UTC+8) ⏳ Duration: 48 hours 🏁 Auction ends: Oct 21, 2026, 8:00 PM (UTC+8) How to Get $P20? 🔗 Buy link: app.plabs.online/pex What’s $P20? $P20 is not an ERC-20 token. It’s a native private token on @monad, similar to shielded $ZEC.

More than just a privacy NFT. This is where your on-chain wealth begins. Your Data, Your Control. 🎫 Quantity: 1,665 💎 Bidding Asset: $P20 (The Private Token on EVM) 🕗 Auction starts: Oct 19, 2026, 8:00 PM (UTC+8) ⏳ Duration: 48 hours 🏁 Auction ends: Oct 21, 2026, 8:00 PM (UTC+8) How to Get $P20? 🔗 Buy link: app.plabs.online/pex What’s $P20? $P20 is not an ERC-20 token. It’s a native private token on @monad, similar to shielded $ZEC.

More than just a privacy NFT. This is where your on-chain wealth begins. Your Data, Your Control. 🎫 Quantity: 1,665 💎 Bidding Asset: $P20 (The Private Token on EVM) 🕗 Auction starts: Oct 19, 2026, 8:00 PM (UTC+8) ⏳ Duration: 48 hours 🏁 Auction ends: Oct 21, 2026, 8:00 PM (UTC+8) How to Get $P20? 🔗 Buy link: app.plabs.online/pex What’s $P20? $P20 is not an ERC-20 token. It’s a native private token on @monad, similar to shielded $ZEC.

The First Private NFT on @ethereum. Apply👉: app.plabs.online/privasea/wh… 👀 Best takes on Ethereum Privacy → WhiteList.

A proposal on the Ethereum forum suggests a private stablecoin: pUSD, backed by USDC locked in a smart-contract vault by @_PLabs. Why it matters: public stablecoins leak data. Once a wallet is linked to a person or business, balances and payment flows are easy to trace. How it works (inventory vs spendable money): - An operator creates private units that can’t yet circulate or redeem. - A payment provider deposits 100 USDC, which activates a matching 100-unit private note. - Both actions happen atomically in one transaction (all-or-nothing). This means a recipient can receive funds privately from the start—no need to first take public USDC on-chain. Privacy mechanics rely on zero-knowledge proofs to validate transfers without revealing parties or amounts. Nullifiers prevent double-spends. Redemption is intended to work without the operator’s signature, minus a fee. Key limits and risks: - Backing: the vault proves USDC on-chain, not Circle’s off-chain reserves. Circle can still freeze USDC. - Privacy: mint and redeem amounts stay public; the operator keeps viewing keys for audit. - Control: a compliance admin can freeze notes; a bad freeze root could halt spending. - Fiat rails: users still rely on payment providers for bank transfers. On the composability level, DeFi integration isn’t plug-and-play: pERC20 differs from standard ERC-20. Competing systems (e.g., RAILGUN, Aleo’s USDCx) already offer private stablecoin paths, so PLabs needs to show clear usability and issuance advantages. Costs are unclear: an older pERC20 benchmark cited ~5.47M gas per transfer (~$263 at 20 gwei, $2,400 ETH), but those numbers may change. Biggest open question: implementation. The paper claims fixed verifier keys, but reference code allows admin changes, and there’s no clear evidence of a deployed, independently audited pUSD. Demand is plausible (payroll, suppliers, treasury), but the case depends on audited contracts, reasonable fees, and transparent viewing-key and freeze policies. What do you think of pUSD?