Drift Protocol Exploit Remained Undetected for 21 Days
The Drift Protocol exploiter was able to lie in wait for 21 days without triggering any alarms. 🥶 @omeragoldberg explains how 👇 https://t.co/LS7tFfc6AA
Miner Costs Set Bitcoin Valuation Floor, Market Near Support
The framework that matters: @JimFerraioli uses Bitcoin miner costs, not price targets or sentiment, as a floor for valuation. And the market is reaching a key support level, with @Steven_Ehrlich on @bitsandbips https://t.co/YGZJURtIp0
Malware Bypasses 2FA via DPRK Session Token
I found @tayvano_’s explanation of DPRK’s session token technique genuinely unsettling. Your 2FA doesn’t help once the malware is on the device. Uneasy Money: https://t.co/3LBYxJBwbb https://t.co/e4cGWPq2pN
Vote: Aave Chaos vs Morgan Stanley BTC ETF
Which story would you be more interested in hearing about on the pod: 1. Aave/Chaos/$AAVE 2. Morgan Stanley BTC ETF + Charles Schwab/TradFi BTC roundup 3. Other pls comment
Avi Eisenberg Attempted Aave Exploit, Says Omer Goldberg
Avi Eisenberg at one point had his eyes set on exploiting Aave, @omeragoldberg says 👇 https://t.co/qntXoLbTpf
SEC's Future Uncertain After Hester Peirce Departs
🎙️ What the SEC will be like after @HesterPeirce leaves later this year 😢 https://t.co/p1dbQQY3nS
Hester Peirce Asked About Her Proudest SEC Legacy
"What do you think you'll walk away from the SEC proudest of?" -- @TuongvyLe12's question to @HesterPeirce 🎙️ https://t.co/y2gzMC4Sii
Aligned Leadership Sparks Ideal Environment, Prompting Broader Test
"Right now we're in an ideal environment with Chair Selig and Chair Atkins being so closely aligned and having such a close personal and professional relationship, so we're asking, 'What does this look like in a different environment'?" -- Sumeera...
Jurisdictional Clash Between SEC and CFTC Disrupts Markets
"If the SEC says, this is in my jurisdiction, and the CFTC says, no, it's in my jurisdiction, that's really disruptive to the market." -- @HesterPeirce https://t.co/p1dbQQY3nS
Peirce: Tokenized Money Market Yields May Illuminate Stablecoins
Does Cmr. Peirce have an opinion on the stablecoin yield issue? "It's outside of our remit, but there's a lot of interesting stuff happening with tokenized money market funds, and those yields might shed some light on money market funds."...
Court's Action Aligns with Congressional Clarity Act Efforts
"What we're doing is in line with what Congress is trying to do with the Clarity Act. I think what we're doing helps inform that Congressional effort." -- @HesterPeirce https://t.co/p1dbQQY3nS
SEC Crypto Task Force Urges Practitioners to Share Issues
"If there's something you're consistently facing as a practitioner, then reach out to us and make that heard to us. It can be a call or an email." -- Sumeera Younis of the SEC Crypto Task Force https://t.co/p1dbQQY3nS
SEC Signals Upcoming Rulemaking on Tokenized Securities
"You will see rule making coming. ... One of the big areas that's been of interest is tokenization of securities. It's clearly in our remit, so we're thinking about a lot of issues related to that." -- @HesterPeirce https://t.co/p1dbQQY3nS
AI Can Instantly Summarize SEC Roundtable Viewpoints
"After an SEC roundtable, I can ask an AI 'What was KK's main point?' or 'What were the points of two people who had the strongest views on this issue?'" -- Sumeera Younis https://t.co/p1dbQQY3nS
SEC Crypto Task Force Prioritizes Restoring Public Trust
😍 "The SEC Crypto Task Force's main focus [under the Trump administration] has been to rebuild people's trust in the SEC" -- Sumeera Younis of the SEC Crypto Task Force https://t.co/p1dbQQY3nS
SEC Leaders Preview Upcoming Crypto Regulation Framework
SEC Commissioner Hester Peirce and SEC Crypto Task Force Chief on the Upcoming SEC Crypto Rules https://t.co/p1dbQQYBdq
SEC Commissioner Hester Peirce Discusses Crypto Regulation Live
🚨 Happening TODAY at 12PM ET 🚨 DEX in the City goes live with SEC Commissioner Hester Peirce (@HesterPeirce ) & Sumeera Younis They’re joining @kkirkbos, @TuongvyLe12 & Jessi to break down what’s next for crypto, regulation, and innovation ⚖️🚀 Tap in 🎧 https://t.co/G3536Lnjsk
Circle's Judge‑Only Freeze Policy Fails Amid $285M Hack
Circle’s policy: they only freeze funds if a judge orders it. For a $285M hack that just happened, that timeline doesn’t work. @tayvano_ and @kaiynne on why this is the wrong call. Uneasy Money: https://t.co/3LBYxJBwbb https://t.co/Yder2DQH5I
Ethereum's $350B Tokenized Assets Dwarf Rivals, Proving Network Effects
A narrative that’s actually backed by economics: @JimFerraioli says Ethereum has $350B in tokenized assets. The next competitor? $80B. That’s not momentum, that’s network effects. @Steven_Ehrlich on @bitsandbips https://t.co/gK0WvPZkt1
Bitcoin ETFs Surge as AI Power Deals Reshape Mining
In today's @Unchained_pod Daily newsletter: 📈 Spot bitcoin ETFs pulled in $471M in their strongest day since February 📊 Strategy posted a $14.5B unrealized loss, then bought $330M more BTC 🤖 Anthropic's multi-gigawatt AI deal puts bitcoin miners on notice for cheap power ⚖️...
Stripe Emerges as Potential Token Winner Amid Investment Uncertainty
"One of the big winners here is potentially Stripe. There may also be the disconnect of which of these is investable." -- @austincampbell on token fundamentals https://t.co/VNSrIijPwz
L1s Sell Block Space; Value Accrual Remains Uncertain
"What are layer 1s selling? Block space. How does value accrue to each of them? It's not easy to calculate." -- @perkinscr97 "Maybe one L1 has differentiation there." -- @ramahluwalia https://t.co/8bYXWatFF8
Most Tokens Are Junk, Still Hunt for Value
"99% of tokens are slop. But give me more tokens, I don't care. I'll try to find the ones that have value." -- @perkinscr97 https://t.co/VNSrIijPwz
Token Crisis Stems From Over‑Issuance, Await Tuesday’s 8 PM Verdict
The token fundamentals crisis ... is because "there's too much issuance. But everything hinges on where we are after Tuesday night at 8pm." -- @ramahluwalia https://t.co/8bYXWatFF8
Pentagon's $1 Trillion Accounting Gap Fuels War Waste
"The Pentagon hasn't accounted for $1 trillion in spending, and then they ask Congress for more money. We burn 10 years' worth of Tomahawks, and now we need a ceasefire. This is a C-." -- @ramahluwalia https://t.co/8bYXWatFF8
Stablecoins Give IRGC Leverage, Threaten National Security
"Using stablecoins opens up the IRGC to a lot of risks. It gives our national security apparatus a lot of leverage." -- @perkinscr97 https://t.co/8bYXWatFF8
Negligence Fuels Social Engineering Attacks, Accountability Needed
"It's mainly social engineering attacks. ... If you're grossly negligent, you should definitely be held accountable." https://t.co/8bYXWatFF8
Stablecoins Lack Reversibility, yet Can Be Frozen and Seized
"With stablecoins, we may not have reversibility, but we have freeze and seize." -- @perkinscr97 https://t.co/VNSrIijPwz
Crypto's Speed Highlights Need for Traditional Finance Regulation
"If you had 2/5 smart contract setup, you could have taken control at any time. That feels pretty bank-like. ... what crypto is speed-running here is why TradFi regulation exists." -- @austincampbell https://t.co/jfZlSDnB86
China Conducts Espionage without Facing Any Consequences
"China has flagrantly been performing espionage" ... and they haven't been had to pay consequences for it. --@ramahluwalia https://t.co/8bYXWatFF8
Privateering Praised for Rapid Hack Asset Recovery
Why @perkinscr97 is a fan of privateering for hacks like Drift: "If there's a hack and guys like ZachXBT spring into action immediately to recover those assets." https://t.co/8bYXWatFF8
Balancing Speed and Due Process in Stablecoin Hacks
"When there's a hack, latency is everything. Due process vs. latency. If you just start freezing everything, you lose confidence in the underlying stablecoin. But if you go through due process, which takes time, it doesn't reconcile." -- @perkinscr97 https://t.co/jfZlSDnB86
Questioning TestFlight Use After Drift Hack Tactics
"Do you stay away from TestFlight right now?" -- @perkinscr97 on the tactics used in the Drift hack https://t.co/8bYXWatFF8
Nation‑state Attacks on Startups Guarantee Their Own Victory
"When a nation-state attacks a startup, the nation-state is going to win every single time." -- @perkinscr97 https://t.co/jfZlSDnB86
Seal911 Success Highlights Need for Stronger Endpoint Security
"The fact that that Seal911 has been the saving grace for a bunch of teams shows that people could put more resources into better endpoint security." -- @llewellenmichael https://t.co/8bYXWatFF8
North Korea Bypasses 2FA Using Stolen Tokens, Evading AV
“It doesn’t matter that you have 2FA. They can just use that token to be you.” @tayvano_ on how DPRK bypasses 2FA entirely — and why most antivirus won’t detect it. With @kaiynne and @LucaNetz on @unchained_pod: https://t.co/izx08LxSbO
Circle's Judge‑order Rule Blocks $285 M Hack Freeze
Circle had the ability to freeze over $285M in stolen USDC from the Drift hack. They declined — their policy requires a judge’s order first. @tayvano_ explains why that’s the wrong call, and how Tether does it differently. Timestamps: 🚀 0:00 Introduction 🏦 11:21...
Tokenization Breaks Ethereum Fee Dependence on Market Cap
Ethereum's fee base is almost entirely tied to crypto market cap. Stablecoins, liquid staking, lending — all of it moves with the broader market. @jimferraioli points out that tokenization is the first use case that breaks that dependency. On @bitsandbips with...
Bitcoin Is a Risk Asset, Not a Safe‑haven Hedge.
.@Steven_Ehrlich’s interview with @JimFerraioli (Charles Schwab) demolishes the “Bitcoin as safe haven” narrative. His case: it’s a risk asset, period. But as a long-term debasement hedge? That’s where the real thesis lives. @bitsandbips Timestamps: 🏛️ 3:26 Is crypto just ping-ponging off Trump headlines? 📉...
Hope Hyperliquid Is Conducting Emergency Security Review
I really hope Hyperliquid is in a war room right now assuming they’ve already been compromised and reviewing every last thing they’ve done for the last year and a half …
Crypto Reporting Feels Like a Hollywood Thriller
Covering crypto as a journalist is like living in a Hollywood movie … I only wish this were fiction
New Attack Exposes Massive Vulnerability—Review Now
I called the attack “chilling” only from what details we knew on Thursday. What actually happened is orders of magnitude more chilling. READ THE WHOLE THING. If you work in this industry, you or your protocol may be a sitting...
Evidence Suggests North Korea May Have Orchestrated Drift Attack
Are North Korean state actors behind the Drift Protocol attack? @omeragoldberg says the markings are there, while sharing what it would take to confirm the speculation 👇 https://t.co/8SgvDYy6Lx
Drift Hack Exposes DeFi Audits Gaps and Possible NK Threat
Another week, another DeFi exploit 🫠 @omeragoldberg joined me to unpack the Drift Protocol hack: ⁉️ What went wrong? 👀 How the attack resembles the Mango DAO and Resolv exploits 🤔 Why was Circle so slow to react? ⚠️Are North Korean state actors behind the...
NFL May Ban Prediction Markets Amid Legal Tests
Laws around who can participate in prediction markets are being tested, but @_Ryne_Miller says the NFL could call it 🏈 What do you think? 👇 https://t.co/QefdYUnb8I
Quantum Threat Makes Crypto Existential, Not Just Technical
What keeps me up at night about quantum is that centralized companies can just rewrite their ledgers when hacked. Bitcoin can't. That's why a quantum threat to crypto isn't just a tech problem, it's existential. 👀 h/t @apruden08 https://t.co/ZZnqMsa0hq
Seeking Experts to Explain Circle’s Drift Hack Response
🎙️ Who would you like to hear from about how Circle handled the Drift hack? I've reached out to Circle, some former prosecutors, and Seal 911, and haven't gotten anyone yet who can do it ... Taking suggestions 👇
Crypto Protocol Designers Could Face Legal Liability Next
Could crypto builders face legal liabilities for protocol design? 👀 @TuongvyLe12, Jessi Brooks & @_Ryne_Miller discuss the verdict against Meta and YouTube and if crypto is next. https://t.co/FtAURkt30R
9‑Minute Window Poses Existential Risk to Bitcoin
When I first heard about on-spend attacks, I immediately thought: this is scary. @apruden08 on why the 9-minute window creates an existential risk for Bitcoin 😱 https://t.co/t4lZ3iQxIm
Crypto’s Core Strengths Threaten Its Quantum Future
Here's the irony: the things that make crypto work, immutability, decentralization, public addresses, are exactly what make it extremely vulnerable to quantum computers. @apruden08 on why blockchain faces a deadline other systems don't. 😓 https://t.co/7Lt08CnIfJ