Finance content focused on stocks, options and crypto. I stream on twitch Friday nights at 9:30PM Pacific. I also make content for YouTube/TikTok
California USA
Joined July 2022
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Here's the deal. Everyone's head is still in the bear market. The obviousness of our situation has caused denial in the second wave investors. But, they are about to come in on schedule. They will be the fuel that leads to wave 3, the normies. We aren't done, we are just starting
Is it gridlock time after a dem sweep of house/senate, under a repub president? Let's hope so, because markets love gridlock!
Crypto/S&P green on this mess being over, at the very least.
LFG!!!
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If your candidates lost yesterday: HAHAHAHAHAHA You got what you deserve.
If your candidates won yesterday: You're a fucking idiot and you're not going get what you want. The elation will wear off and now YOU'LL have to play defense for the agenda that doesn't happen.
Enjoy!
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aSTOCKalypse retweeted
Binance published the postmortem on its $6.34 billion hack.
It started in June.
An engineer searched for an AI coding tool.
Downloaded a tampered Homebrew installer.
Binance caught it. Replaced the laptop. Rotated the credentials.
But the attackers had already learned who worked on the wallet team.
September.
A second engineer gets approached on a real job platform.
By someone posing as a project director.
Live video interview with "HR".
Then a take-home assignment.
Downloaded onto a work laptop.
The assignment swapped pyenv for a malicious copy.
Binance's security tools didn't flag it.
October 20.
The attacker used that machine and Binance's own internal AI tool to reach two more wallet engineers.
One had a container deployment token sitting on his laptop.
October 29.
Container deployed. Signing service reached.
Funds started leaving at 20:05 UTC.
Binance suspended withdrawals.
The money kept leaving.
The attacker had already authorized his own contract on the hot wallet, on-chain.
Halting withdrawals didn't touch it.
Revoking it was harder.
The wallet uses MPC.
No single private key exists to sign the revoke.
So Binance had to design a revoke procedure while the funds were still moving.
The last stolen ETH left almost four hours after the first transfer.
The security model designed so no one person could steal the keys.
Also meant no one person could stop it.
Binance says it recovered about 2.85 billion.
And put aside enough to cover the rest.
The FBI says North Korea did it.
Five months of recruiting, interviewing and waiting.
The most expensive take-home assignment ever submitted.
Binance just published how $6.34 billion walked out the door.
June: an engineer searches for a popular AI coding tool, clicks a search result, and installs a tampered homebrew. Binance catches it, replaces the laptop, rotates the credentials. the attackers now know who works on the wallet team.
September: another engineer gets a job offer on a real job-hunting site. first-round interview with “HR” over live video. “HR” shares their social media, personal photos and videos included, so he trusts them. second round is with the “CEO” of a company that doesn’t exist. at the end of the call he’s asked to download a take-home “assignment” onto his work laptop.
the assignment quietly swaps out pyenv for a malicious copy. No antivirus flags it.
october 20: the attacker uses binance’s own internal AI tool to get into two more engineers’ machines. One of them has a container deployment token sitting on his laptop.
october 29: container deployed. Signing service reached. $6.34 billion moved.
Binance shut off withdrawals. the money kept moving anyway, because the attacker had already given their own smart contract permission over a hot wallet, on-chain. binance’s off switch didn’t reach that far.
then they tried to revoke the permission. the wallet uses MPC, so there’s no single private key to sign the revoke with. they had to build a revoke procedure on the spot while funds were still leaving.
last stolen ETH went through at 23:56 UTC. almost four hours after the first transfer.
Phew!
Put out rhetoric about defensive weapons deployed/"using nukes" to scare Iran/etc into backing down.
Have no intention of actually using any of it.
Engagement farmers spread it like wildfire.
Psyop against Iran that is started by the admin, but perpetuated by average people.
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aSTOCKalypse retweeted
JUST IN: 🇧🇷 Brazil's largest crypto exchange, Mercado Bitcoin, suspends deposits and withdrawals after reportedly being hacked for over $40 million.
They NEED you to engage!
Your attention is your weapon, not destructive acts of rebellion.
They want you to engage and fight, not to disengage and build!
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So many people talking about whether the tech dip is over or not.
Just like the last election, the market tends to do this, as uncertainty increases.
Wait until the election is over to judge market moves. It's likely going to rebound, but if not, THEN there's a problem.
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aSTOCKalypse retweeted
“So your Coldcard was hacked in July?”
“Yes.”
“And Liquid was hacked in September?”
“Yeah.”
“And your Ledger was hacked in October?”
“Yes, Dave.”
“And yesterday the largest crypto exchange in the world had the biggest hack in history?”
“Yes, that’s right.”
“And you’re still buying bitcoin?”
“That is correct, Dave.”
aSTOCKalypse 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.
I'll be streaming the FOMC meeting and talking about my recent trades. Come hang!
twitch.tv/astockalypse
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I've never seen "catastrophic or existential risks to humanity" as part of the disclosed risks in an S-1 filing, until this Anthropic filing.
As a child, I expected humanity to be on our way to a utopian future, but instead we're gambling on stuff that WILL kill us eventually.🤣
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Why have #Crypto and the #StockMarket stalled out?
The Midterms.
Just like the election in 2024, #Crypto went sideways or down and #Stocks gained with high volatility.
At some point before the election, things stall out over uncertainty.
Lots of pent up energy to release!
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aSTOCKalypse retweeted
JUST IN: 🇺🇸 SEC approves first-ever 3x leveraged Bitcoin and Ethereum ETFs.
• The SEC approved Cboe BZX to list six new Volatility Shares ETFs, including 3x Bitcoin and Ether ETFs, along with 3x gold, silver, crude oil, and natural gas ETFs.
• This is the first US approval of 3x leveraged $BTC and $ETH exchange-traded products.
• These are based on CME futures contracts, not spot Bitcoin or Ethereum holdings.
aSTOCKalypse retweeted
Yes. This is correct
DATs are essentially permanent holders of crypto, thus, removing supply
- and in up cycle, more DATs trade above NAV buying more crypto
See the virtuous cycle ?
BITMINE $BMNR CHAIR TOM LEE SAYS CRYPTO TREASURY COMPANIES "WILL PLAY A ROLE AMPLIFYING THE UPMOVE IN CRYPTO."
It's hard to only pick 9 games that were the most influential on my life. These 9 definitely were influential! I come back to them over and over.
my9games.net/en/edit
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