Alex Katnomov

Blockchain enthusiast. Love Graph, Mina, Curve, 1inch, Uniswap, Airbitrum, Jupiter, Lighter, ETHGas ⛽️

[Alex Katnomov @AlexKatnomov]

I'm on the @etherealdex mainnet alpha waitlist! If you're into trading, I'd jump in now — early access is gonna be worth it.

https://t.co/LQIfx4HwcZ

[Alex Katnomov @AlexKatnomov]

Top Dex! Thanks for the drop LIT!

[Lighter @Lighter_xyz]

We are announcing the Lighter Infrastructure Token (LIT)! Lighter is building infrastructure for the future of finance and the native token is key to aligning incentives. In this thread, we will describe the structure of the token, broader vision, and roadmap of use cases.

[Andrew 10 GWEI @Andrey_10gwei]

Lighter Airdrop and TGE Coming Within the Next 3 Weeks - Insider Bet Proof on Polymarket

@Lighter_xyz's airdrop and TGE are coming in the next 3 weeks. The proof? An insider team member's bet on @Polymarket.

I found 2 interesting accounts on Polymarket that belong to the same person.

- Account 1: https://t.co/LUdiXKqhAR
- Account 2: https://t.co/s2Mb9y7lcc

Combined, they've placed approximately $125,000 on various FDV outcomes with "YES" results in this market:

Market Link: https://t.co/AGuj97zpTV

The key detail about this market: it will automatically resolve to "No" if Lighter doesn't conduct its TGE by December 31st, 2025.

Why This Is 100% Insider?

I verified the wallets that funded these Polymarket accounts and identified the insider's primary wallet: 0x64Afae722A05b1d28e831B2C20A8EBFEa9dA6352.

Seven months ago, there was a $1.7M deposit to Lighter from this wallet. But this doesn't prove anything significant, so I dug deeper.

I traced a connected wallet linked to the insider's primary address: 0x8098343F3456D97be3843a128c5d773e765433B8

The first deposit to Lighter from this wallet was made on January 21st, even though Lighter's invite-only access didn't open until January 24th, 2025.

Only @Lighter_xyz team members or people extremely close to them could have made a deposit before January 24th.

The Connection: Both 0x64A and 0x809 use the same @coinbase deposit address: 0xb903f16771883bF694f307b28EBE70407A817Ee9

This strongly suggests they belong to the same person.

Additionally, I found connections to other wallets through an another exchange deposit address - this time on @binance: 0x6f3f94ae0A67535233eDf0Ebc23E021B23D705b3

0x809 and 0xA48d879ab2B1dc99E02071BbE1C5938117B9B4d2 and 0x4DFe2c38ae15972716ac2F7219bbD7e4B69e9e3F

These two addresses interacted with Lighter's smart contracts back in 2023!
During that period, only the team had access to the exchange.

This 100% confirms that the person placing bets on Polymarket is either a Lighter team member or someone extremely close to the team = Insider.

This means Lighter's TGE and airdrop will definitely happen in December 2025, and there's solid money to be made on this Polymarket opportunity.

If you liked this tweet – follow and like!

[Basher @0xBasher]

When the Poly Affiliate mafia is discovered, the team's reaction is not "let's investigate."

it’s just: “ignore him.”

That’s the whole PR strategy from @Polymarket Growth Lead @williamlegate .

"We block unwanted people and simply ignore them, but under no circumstances do we pay attention to the problem."

This kind of arrogance kills trust faster than any FUD ever could.
The community deserves answers, not silence.

@shayne_coplan - time to act.

And don’t worry, @0xd1namit , your “engagement farming” moment is already waiting in the comments.

[ProMint @ProMint_X]

https://t.co/plYCD6zC3b

[Alex Katnomov @AlexKatnomov]

Just unlocked my Gas ID via ETHGas 🪪

I'm a Legendary Jack with 24.3011 ETH spent on gas since Beacon Chain - now fueling my climb to the Gasless Future and earned 4000 Beans already.

Reveal yours at https://t.co/owTepND1i3

[Alex Katnomov @AlexKatnomov]

The beanstalk is sprouting stronger! ✨

Teaming up with Gassy Jack to climb the beanstalk. Collect beans through quests and unlock epic rewards in our gas-free world. Who's in? 👀

https://t.co/71buqNPq8g

https://t.co/71buqNPq8g

[Alex Katnomov @AlexKatnomov]

Discovered my Gas ID via ETHGas - turning my gas spend into rewards 🫘

As a Legendary Jack, I've spent 24.3011 ETH on gas but earned 4000 Beans back.

Get your Gas ID and Beans here: https://t.co/owTepND1i3

[Alex Katnomov @AlexKatnomov]

Leveled up in the Great Gas Reckoning with ETHGas! 💪

Legendary Jack status: 24.3011 ETH gas spent, 4000 Beans earned—supporting the Gasless Future!

Claim your Gas ID at https://t.co/owTepND1i3

[Alex Katnomov @AlexKatnomov]

Use my referral code for a 10% bonus https://t.co/uhWLLDlySj

[Lighter @Lighter_xyz]

Lighter is distributing a special drop of 250k points at this time to compensate traders affected by the events of 10/10. Details in the thread here. Season 2 drops will run on Fridays starting on October 17, the first of which will be 600k points to cover the last 2.5 weeks.

[Alex Katnomov @AlexKatnomov]

Just unlocked the Quacker on @wallchain_xyz 🏆

How cool is that?

Feels great to have my contributions recognized.

How’s Wallchain Quacks been treating you so far?

Not on board yet? Drop a comment for an invite 👇🦆

[Alex Katnomov @AlexKatnomov]

see you on october 28th 🎁

[Alex Katnomov @AlexKatnomov]

see you on october 28th 🎁

[trade.xyz @tradexyz]

Equity perps are now live.

Trade [XYZ100] with up to 20x leverage 24/7, 365.

The XYZ US 100 Index tracks the value of the top 100 non-financial companies.

The first 100 users on the waitlist will get alpha access to https://t.co/0pSGkVZda0 today.

[ElonTrades @ElonTrades]

The Oct 11 Crypto Crash — What Really Happened

TL;DR:

Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.

That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement.

It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover.

What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage.

1️⃣ The Setup

Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral.

Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability.

On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window.

2️⃣ The Exploit

During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere).

Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations.

Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress.

3️⃣ The Profit Engine

The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources.

As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom.

Timing, precision, and funding paths all suggest coordination.

4️⃣ The Contagion

Binance liquidations dumped BTC/ETH/ALTs into thin books.

Other exchanges mirrored the collapse through cross-market bots.

Market makers hedged across venues were forced to unwind everywhere.

Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral.

5️⃣ Who’s at fault?

Binance: design flaw + delay in oracle rollout = root cause.

Exploiters: executed and timed the manipulation, profited via external shorts.

Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else.

6️⃣ Aftermath

Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration.

USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations.

Bottom line:
A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath.

Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.

[Alex Katnomov @AlexKatnomov]

100%

[Daan Crypto Trades @DaanCrypto]

What happened & What is next?

1. Lots of leverage had been building up both in equities as well as in crypto. Positioning for that big all time high break.

2. BTC’s Volatility was near cycle lows so a small push was needed for a big move to occur. This would have likely worked in either direction.

3. Trump/China Tariff Fud resurfaced. People remember April and a sharp sell off occurs.

4. Exchanges froze, market makers pulled liquidity, some alts went to literal 0.

5. Tokens depegged, including USDE.

6. Liquidations expected to be anywhere from $30B-$40B.

7. Total Market Valuation of $900B lost from top to bottom of the day. $500B lost in 10 minutes at some point.

8. Obviously there’s factors at play which we can not all see or know. I’m sure there have been players that pushed it much lower intentionally. That’s always the case. I just wanted to state the actual facts we know and how this happened in the first place. But even with all that, the move was massive. Not something many people expected at all. Which is usually when these moves can occur of course.

What’s next?

I personally slept through most of this carnage but that might have been for the better. Anyone with 2x+ leverage and no stop loss basically got wiped out on alts. These liquidation events where exchanges freeze up and coins depeg are often at or close to a bottom. This doesn’t mean it’s straight up from here of course. The bull case would be that Trump walks back his words yet again and we start the recovery back up. Just like April.

If not, and uncertainty remains or the situation worsens, we could be due for at least a couple of weeks of sideways chop where alts try to make some higher low. Keep in mind, many of these coins went down -70% or more and have since bounced quite a bit. So there is a big area between where coins are now and the low of their wicks. I don’t think it makes sense for some of these alts to re-visit the wicks as some are at literally 0. But for coins that didn’t go as deep those wicks can potentially be good areas to watch. I’m personally going to watch for the .618 & .786 fib levels and see how those react if price were to get there. Especially the latter has done very well for BTC after these big spikes.

If you’re down a lot, you’re not alone. Almost everyone has some net exposure to this market here, and has taken a big hit. Take a break, reassess and come back fresh when you’re ready. Trading with the idea to make it all back generally only digs you into a deeper hole.

For everyone that is fine, I would recommend to keep an eye on the market and not completely detach from it during times like these. These phases in the market do bring opportunities as emotions are high and charts are all over the place. So even if you don’t intent on doing any trades, monitoring the market can be very beneficial and educational.

Wishing you all the best and enjoy your weekend as well as you can 🫡

[ZeroToMillion @EvilPekar]

Imagine @Lighter_xyz refunded every trader affected by the scam dump allegedly orchestrated by cartel gang members like @realDonaldTrump.

That would make it the one DEX able to flex and attract millions of users. @vnovakovski🙏

[Alex Katnomov @AlexKatnomov]

@TrumpTruthOnX Tariffs against China, but the stock market and crypto are falling, ok

[Kony 🟠 GAIB | RWAiFi | Hiring @konyk001]

Above market investing opportunities are hard to find.

Entire careers and organisations are dedicated to go 1-2% above the average 10% growth rate of the SP500. Many fail miserably, underperforming or worse, losing money, leaving them wondering why didn’t they just buy low-cost ETFs.

The VC world is even riskier obviously, with a 90% fail rate, where luckily the remaining 10% yields returns that compensate the losses, otherwise funds lose their LPs and that’s about it.

The Internet was the best, “easiest”, most obvious opportunity for those in this business to have an edge in the last 50y. Many of them took it and are now the richest people in the world. Others missed it as a fad and will regret it for the rest of their lives.

Crypto, as a subsector of the Internet, has also been a massive wealth creator for those who were early, although not (yet) to the extent of the Internet, but it’s still early.

I firmly believe AI and Robotics are the next big thing.

The richest, smartest, most powerful people are racing to pile up as many GPUs as they can and build the largest possible data centers, even building nuclear plants just to fuel them.

It’s been happening for a decade and I can only see it grow exponentially from here. Compute is the currency of the future and those who have it will control the world.

Yet there aren’t many opportunities to invest in AI. NVIDIA is now the largest company ever at $4T, so you certainly won’t be early on that one. Some other public companies give you exposure, but same as with VC, the real edge is in being early and you’re not early on those.

There are even less opportunities to invest in robotics. Elon is building them so you can buy Tesla but it’s mixed with many other things. You’ll definitely find companies to buy but again, normally at high vals and blended with other business lines.

Enter the private credit market — a financial vehicle mostly used by industry insiders. TLDR loans from private LPs, not accredited banks. They take deals and offer terms banks won’t, and they account for xxx of loans worldwide.

Yet normally private credit happens at levels of size and network not accessible by most people. No private credit company wants a $1k LP, nobody who needs private credit needs $1k, or will seek other vehicles like crowdfunding that don’t make sense for AI and robotics.

At GAIB, we’re using blockchain to enable you to invest in AI and Robotics private credit deals so you can access that above market opportunity, through a nice liquid asset you can go use onchain for whatever you want.

At a 15% average APY, you’re 50% above average market rate, onchain, liquid, and exposed to deals you wouldn’t have access to otherwise. We couldn’t do them without you since you’re providing us with the capital to make them happen, so thank you for that.

To the question of how much capital can we service, it basically depends on how much you believe the AI and robotics sectors will grow. We already have $50M+ deployed in 3 active deals and a $2B pipeline that is only increasing as the GAIB protocol grows and our partners see we’re able to service them.

This is just the beginning of a long ride where we build the AI and robotics economic layer onchain. Come join the ride.

Disclaimer: No guaranteed bets here, this is not financial advice and only for educational purposes, DYOR.