@hugocrza I go with @hyperbeat , and while I'm not so much a fan of the other associations, hyperbeat is one of the few builders still building on evm.
@XiaoJi0403 Many rules are at the whim of a governing body and if broken could cost a hotel their license. Many Japanese companies suffer from extremely close oversight so this leads to conservative rule abiding in all things
Introducing ToiletPaperTrade 🧻
- 2000x leverage (innovation)
- 0% transferable ownership
- 100% confidence in our ability to collect fees
Own the house (Keys sold separately).
Trading optional, losing encouraged. No roadmap, we're making this up as we go.
Skip the middleman.
I wrote code. Now I face 45 years in prison because others misused it.
Code that no one controls. Code that no one can change or shut down.
Yet somehow, I’m being held responsible for what others chose to do with it.
so about the $86m ledger drain. everyone’s screaming “ledger got hacked” again. i spent the evening digging and it’s dumber and scarier than that
there’s a shop in malaysia called cryptobilis that sells hardware wallets. ledger has it listed as an official authorized reseller since at least 2022, for malaysia, indonesia and the philippines. legit shop, real devices, years of normal customers
this spring the founders sell it. the deal comes with an NDA: they can’t tell anyone about the sale until october 19
by august the company registry shows one owner with 100%. some guy from heilongjiang, china
the shop keeps running like nothing happened. the site, the name and the “authorized by ledger” badge all stay up
then on oct 8 @MagicalTux posts photos of a ledger he cracked open. hidden under the screen there’s an extra little board with an LTE modem and an eSIM. it just watches the display. you set up your wallet, your 24 words show up, and they get sent out over mobile data. ledger’s genuine check doesn’t catch it because the actual ledger chip is real. his device came from malaysia
https://t.co/vRuBM0xIfR
that post does 120k views
22 hours later someone sweeps everything. 203 BTC hits two addresses in literally one block. ~$58m USDT moves on tron in the same hour. i added up all the wallets: ~$91m
about 7 hours after that ledger says “we’re investigating” and asks cryptobilis to pause sales
cryptobilis is still on ledger’s site as an authorized reseller
to be fair, nobody has officially tied the new owner to the bugged devices yet, and ledger hasn’t confirmed how it happened. but read it as a business plan:
get authorized, sell real stuff for years, quietly sell the company under an NDA, keep the badge, ship devices that phone home, then drain everything the second someone notices
and was ledger even told the shop got sold? nobody’s said so
“authorized reseller” means ledger trusted whoever ran the shop back in 2022. says nothing about who runs it today
bought your hardware wallet anywhere but the manufacturer? open it up today, ledger literally has a guide for that. then move to a fresh seed on a device bought direct
wonder who’s going to answer for this: the chinese frontman from heilongjiang, the shop’s previous owners, or ledger itself
@Ledger clearly needs to keep a much closer eye on who they call official resellers, and take way more responsibility for who sells their devices and how
@mystcapital If I've learned anything in all my NFT failures, is that when price of underlying goes up, NFT price relative to that asset goes down. People will always choose the more liquid, and as things get perceivably more expensive, people will take profits in USD to hold underlying.
Thought about buying solana:HsRpHQn6VbyMs5b5j5SV6xQ2VvpvvCCzu19GjytVSCoz on the latest update, but apparently my wallet has "blocked activities" which must be related to using privacy preserving protocols like @zk_money . The irony.
@Kala Total BS, not only by the way he's speaking in your narrative but the word Yankee means something total different in Japanese and they would never use it to reference a race. It's the wrong word to use.
Top things that will be possible on Aztec via https://t.co/22a8N1FAnR this year:
1. Savings vaults
2. Bank / IBAN payouts
3. Fund L2 accounts privately
4. Zero knowledge passport proofs to unlock larger limits with @ZKPassport
6. Pots and group bills
7. More passkey support / accounts types
8. Mobile apps
9. Delegated account access to agents