Update: Great news. Thanks to support from @Mysten_Labs and @SuiFoundation all users will be made whole
ZERO losses for anyone.
Aftermath will be up and running again soon. Thank you to both teams and to @blockaid_ for the rapid response.
For clarity: this was not a Move contract-language security issue.
#CertiKInsight 🚨
We have seen an exploit involving @AftermathFi.
~$900K USDC drained so far https://t.co/kC1BEonomP
Still under investigation.
Stay vigilant!
my full conversation today with @cobie
01:04 offering to work at Coinbase for free
06:05 the K-shape crypto thesis
10:33 thoughts on Saylor
14:39 why UpOnly hasn't come back
22:37 the last 10 years of Crypto
44:52 trillion dollar IPOs
57:02 Cobie's legendary buy wall
1:02:57 top 5 Crypto traders of all time
1:21:20 reasons to be optimistic on Crypto
"Tim Cook took Apple from $350B to $4T"
So? That's a 11X market cap increase. In the same time, MSFT saw a 14X increase, Google saw a 20X increase, Amazon did 28X, Facebook did 35X. We're not even going to talk about NVidia.
Cook led Apple through a period where every tech company expanded. Yay for him?
In the meantime, Apple had the most compelling pre-AI experience in Siri. They had everything! They had mountains of user data, audio and transcription training data, the biggest and most sophisticated user data network in the world *by far*.
And they blew it. They should be so far ahead of the competition on AI that it makes their competitors fall into despair. Instead, they are a non-player in the biggest tech revolution since mobile, maybe even since the internet.
They could have leveraged their data advantage to create astonishingly powerful models. They make their own silicon, they could have beat NVidia to the punch on hardware if Cook had any foresight.
Instead they still just make high-end devices and now also they make TV shows and won an Oscar for a movie no one saw. I'm sorry, but that's underwhelming.
I am a Web3 Ambassador at World Liberty Financial.
There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance."
600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President.
The distance is my best work.
I am the reason these events are unrelated.
World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence.
Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated.
Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated.
Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated.
Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated.
Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard.
On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well.
The team page lists 3 Witkoffs. All 3 are Co-Founders.
Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial.
His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded.
The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency.
Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name.
On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio.
Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job.
600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access.
A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25.
My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper.
The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family.
I am the reason these events are unrelated.
Don’t be exit liquidity for Trump’s cartel:
They deposited $484M of $WLFI tokens to borrow USDC.
Those loans will likely never be repaid.
Instead, when Trump leaves office, or even after the midterms if Republicans lose, $WLFI will dump, and Dolomite will be stuck with BAD DEBT.
As a result, USDC lending rates are at 13.5%. But even that APY isn’t worth the risk of not being able to withdraw your deposit.
Everyone knows this.
No surprise Dolomite's $DOLO trades at just $15M market cap because it's a turkey getting ready for Thanksgiving.
No company in history has ever been worth $9 trillion. Nvidia, the most valuable company on Earth, sits at around $4.3 trillion. Meta just told six of its top executives they could each earn hundreds of millions of dollars, but only if Meta gets there first.
The SEC filings dropped yesterday. CTO Andrew Bosworth, CFO Susan Li, CPO Chris Cox, and COO Javier Olivan all got stock options with price targets starting at $1,116 per share and climbing to $3,727. Meta closed at $593 yesterday. The lowest rung alone requires an 88% stock gain. The full payout needs more than a 6x jump. These are the first stock options Meta has ever given its top leadership since going public in 2012. Fourteen years of just RSUs (shares you receive over time no matter what the stock does), and now suddenly, options, which pay nothing unless the stock clears a specific price bar.
Mark Zuckerberg isn’t part of this. His net worth already tops $200 billion. This is about keeping his operators in their seats while Meta pours up to $135 billion into AI infrastructure this year alone. That’s nearly double the $72 billion it spent in 2025. Meta’s total 2025 revenue was $201 billion. The company is spending roughly two-thirds of its annual revenue on building out AI.
The structure echoes Tesla’s $1 trillion pay package for Elon Musk, which shareholders approved last November. That deal ties to Tesla reaching $8.5 trillion over 10 years. Meta’s window is tighter. The performance deadline is February 14, 2028, less than two years from now. If the stock doesn’t hit those targets by then, the options shift to a slower payout schedule through 2030 and expire entirely in March 2031.
And the gap between ambition and reality is wide. META stock is down about 4% over the past year. Alphabet is up 73%. CNBC reported that Meta has struggled to find a consistent AI strategy even as its spending accelerates.
The $9 trillion number is a retention price tag. Meta is paying whatever it costs to keep its leadership from walking out the door during a $135 billion bet on AI.
Had a call today with the ex-CEO of a well-known crypto company that he successfully exited for 9 figures some time ago.
He's starting a new venture now and told me he would never ever issue a token again.
Not only was it a horrible burden to deal with, but also because it was a huge red flag in 9 out of 10 acquisition talks with potential buyers.
There are only two paths forward for tokens:
1) Become digital equity
2) Evaporate
If you're a builder, choose the former before you're forced into the latter.
Onchain perps always made more sense. The infrastructure just had to catch up. It caught up.
Aftermath Perps is live.
Onchain. USDC-margined.
Trust, but verify.