bitmik.eth

Crypto enthusiast, collector, investor #skullish

[bitmik.eth @BitGeneration4]

@CryptoHayes Fucking scammer🤡

[Ludo Mun @Ludo_Mun]

@saylor

[bitmik.eth @BitGeneration4]

@elonmusk Nazi is as nazi does…you are the nazi here

[MASTR @MastrXYZ]

Reminder that many crypto bros, sisters, and everyone else voted this autocrat in again after he already:

• was recorded in the Access Hollywood tape saying “grab them by the pussy”
• mocked a disabled reporter at a campaign rally
• paid $25,000,000 to settle the Trump University fraud lawsuits
• saw his companies, file for Chapter 11 6 times:
Trump Taj Mahal in 1991,
Trump Castle in 1992,
Trump Plaza Hotel and Casino in 1992,
the Plaza Hotel in New York in 1992,
Trump Hotels & Casino Resorts in 2004,
and Trump Entertainment Resorts in 2009
• was sued by the U.S. Department of Justice in 1973 for alleged Fair Housing Act violations over discrimination against Black applicants
• left hundreds of Taj Mahal contractors unpaid or underpaid while later taking about $82,000,000 in fees, salary, and bonuses as the casino company collapsed twice
• was impeached twice
• held back congressionally approved military aid to Ukraine
• made thousands of false or misleading public claims documented by fact checkers
• spread conspiracy theories including election fraud claims without evidence
• invited foreign interference narratives into U.S. elections
• refused to concede the 2020 election
• tried to overturn certified election results in multiple states
• pressured Georgia officials to “find” votes
• attempted to pressure the Department of Justice to support election fraud claims
• discussed appointing an unelected “special counsel” to overturn election results
• refused to commit to a peaceful transfer of power
• encouraged supporters to go to Washington on January 6 and storm the capitol
• failed for hours to call off the mob attacking the Capitol
• attempted to block the peaceful transfer of power
• pardoned political allies connected to his circle
• used presidential pardons in ways widely criticized as politically motivated
• repeatedly interfered in legal cases involving allies
• fired or pushed out inspectors general and officials who were investigating his administration
• removed or sidelined officials who contradicted him
• increased use of acting officials to bypass Senate confirmation
• publicly attacked judges, intelligence agencies, and election officials
• repeatedly called the media “the enemy of the people”
• used the presidency to promote his own businesses
• refused to divest from his business interests
• held campaign style events at the White House
• had an unusually high turnover of cabinet members and senior staff
• was found liable for sexual abuse and defamation in the E. Jean Carroll cases, with juries awarding $5,000,000 and later $83,300,000
• was found guilty on 34 felony counts of falsifying business records in the hush money case
• was found liable for business fraud in New York civil court for inflating asset values to deceive lenders and insurers
• saw the Trump Organization itself found guilty of criminal tax fraud in 2022
• had the Donald J. Trump Foundation dissolved under court supervision and was ordered to pay $2,000,000 for misuse of charity funds
• saw the Trump Organization and the 2017 inaugural committee pay $750,000 to settle a lawsuit over excessive payments to the Trump International Hotel in Washington
• faced emoluments concerns after 7 foreign governments rented luxury condos in Trump World Tower in 2017 without congressional approval
• cleared Lafayette Square for a photo op with military presence
• suggested using the military domestically during protests
• used emergency powers to bypass Congress for border wall funding
• implemented the family separation policy at the border
• issued the travel ban affecting several predominantly Muslim countries
• downplayed COVID-19 publicly despite internal awareness of its severity
• promoted unproven or unsafe medical treatments during the pandemic
• withdrew the United States from the World Health Organization during a global pandemic
• withdrew the United States from the Paris Climate Agreement
• withdrew the United States from the Iran nuclear deal
• weakened environmental regulations across multiple agencies
• escalated trade conflicts through tariffs affecting global markets
• increased national debt significantly during his term
• repeatedly praised authoritarian leaders while criticizing allied governments
• attacked NATO allies over defense contributions while signaling alignment with adversaries

This was BEFORE he even began his catastrophic second term. 77M americans voted this autocrat.

[bitmik.eth @BitGeneration4]

@zerohedge Narrow is your mind LOL

[MASTR @MastrXYZ]

Explain it to me.

Tell me.

I can’t fully explain it, but there’s a clear pattern:

A huge number, almost all of these KOLs who have rugged or repeatedly extracted money from their own followers with shitcoins were or still are busy bootlicking Trump and pushing one baseless lie after another.

I’m talking about guys with 50k+ followers up to millions.

Almost all of them were/ are big Trump supporters.

A lot of them are also constantly shilling the Binance narrative and acting as defenders of CZ.

At some point it stops looking random.

The overlap between blatant grifting, paid narratives and nonstop misinformation is just too consistent to ignore.

My explanation is simple: concentrated stupidity, bad actors and pure greed.

Or do people with a tendency toward scams and wrongdoing naturally gravitate toward other scammers and liars? Like a rat recognizing another rat?

The list is endless. The attached images are just a few examples.

[bitmik.eth @BitGeneration4]

@cryptorover Huge, yes, huge scammers, CZ and you LOL

[Il Grande Flagello @grande_flagello]

La storia che ha commosso il web

[MASTR @MastrXYZ]

Yo @cz_binance and @binance smurfs.

"a QuIcK gLaNcE aT hOw We’Re SaFeGuArDiNg TrUsT. 👇"

And when you needed to be transparent the most, you went silent.

And now you post banners with big numbers and zero raw data and facts.

You say $10B+ fraud prevented.
Where is the dataset? Where are the incident reports? Where are the timestamps, pairs, orderbooks, and comparison feeds?

Because on 10/10, reality looked very different you incompetent bunch of smurfs.

103 USDT pairs on Binance printed lows over 10% below the second lowest exchange at the same moment.

Dozens of pairs showed 50% to 100% price deviations.
Some went over 100% below every other major venue.

Perps. Margin. Lending. Bots, Risk engines. Everything keys off Binance.

When you print fake lows, the entire market gets liquidated off a ghost price.

And you provide no raw trade data, no tick level export, no forensic explanation. Just banners about “security”.

Here are facts you newbies:

On that day Binance had 430 USDT spot pairs.
410 of them were also trading on OKX, Bybit, Bitget, or Gate at the same time.

Only Binance printed those extreme lows.

➡️ Examples of deviations:

50% to 75% below others
ACT, AUDIO, COOKIE, DOT, EPIC, FIL, FIS, GHST, HEMI

75% to 100% below others
HOOK, ICX, MITO, PIXEL, POLYX, QI, REZ, TREE, ZROAXL, BERA, CYBER, DEGO, HIVE, HOME, INIT, JUP, RPL

Over 100% below others
ANIME, API3, APT, ATOM, BANANAS31, CVC, DEXE, DOGS, ENJ, ENS, ETHFI, FLM, FXS, GMT, IOST, IOTX, KAVA, KERNEL, ME, MUBARAK, ORCA, PUMP, RVN, SAND, SOLV, SUSHI, SYRUP, SYS, TUT, UMA, WIF

If you had printed prices in line with every other exchange, the liquidation cascade would not have happened.

But you are, alongside pedo-Trump, the most dangerous thing that could happen to crypto.

Instead of transparency, you post marketing graphics claiming how safe you are.

I recommend you create fewer banners and invest more in dignity and transparency.

The largest exchange in crypto cannot be allowed to be the largest black box in crypto.

[MASTR @MastrXYZ]

🚨#Binance have just proven that they are either absolute scammers or completely out of control.

An absolutely amateur response to an event that caused countless billions in damage.

Sad enough that they only addressed this after backlash from two thirds of CT.

But here is where it gets interesting:

Binance’s article reads like a post mortem....a liability minimization document wrapped in technical language.

A real post mortem after a systemic liquidation cascade would contain raw engine data, time series evidence, and verifiable audit trails.

Binance provides none of that. What they provide is a story that cannot be verified without the exact datasets they refuse to release.

Let me start with the structural reality they avoid naming:

When most exchanges lose order book depth and Binance does not, Binance stops being a participant in the market.

Binance becomes the market’s price oracle. In that situation, prices printed on Binance are not reactions to a crash. They are the inputs that trigger liquidations everywhere else.

That is systemic price authority. And that is where the uncomfortable questions begin.

They admit that from 21:18 to 21:51 UTC, their internal asset transfer subsystem degraded. Users could not reliably move collateral between spot, earn, and futures during the most violent phase of the event.

For a leveraged system, this is catastrophic. Liquidation logic assumes that users can add margin.

If the platform itself prevents this, liquidations are infrastructure driven.

They frame this as a database caching issue under 5 to 10 times load.

That is a capacity planning and architecture failure in the exact subsystem that determines whether users live or get liquidated.

Then they admit that the index methodology for USDe, WBETH, and BNSOL was overweight to their own order books, insufficiently anchored to reference markets, and had weak outlier guards.

These assets are used as collateral in derivatives. If the index drifts under stress, liquidation triggers drift with it. This is a broken price oracle feeding a liquidation engine!

They also admit that near zero prints occurred because ancient resting orders from 2019 were matched in thin liquidity.

That means there were no effective price band protections, no dynamic circuit breakers, and no safeguards against pathological prints in illiquid books.

Afterward, they attempted to visually “optimize” how these events appear on charts. Even if no trade data was altered, this shows priority placed on perception rather than forensic transparency.

❗Now look at what they do not publish:

No full mark price history per second.
No index component logs with weights and timestamps.
No liquidation and ADL trigger logs.
No record of risk parameter states and whether they were frozen or altered during the event.
No matching engine versioning or deployment record.
No latency and error rate telemetry across subsystems.
No insurance fund transaction trail.
No proof that internal or affiliated desks were not net sellers into cascading liquidations.
No independent forensic audit.

Without this, every claim they make is unfalsifiable❗

They repeatedly state that 75 percent of liquidations happened before the token depegs at 21:36 UTC. This is a misdirection. The earlier critical failure is the transfer subsystem degradation starting at 21:18 UTC.

Users were already unable to reposition collateral before the index deviations even began.

They cite Kaiko data to show that other exchanges had near zero liquidity. This actually strengthens the systemic risk argument. If others are empty and Binance is not, then Binance’s internal state determines global liquidation pricing.

Then comes the contradiction they never resolve:

They insist this was a macro driven event. Yet they paid over 328 million USD in compensation and launched a 400 million USD support and loan program.

Institutions probably do not receive emergency loan facilities because of macro volatility.

This entire narrative avoids the central technical truth.

On October 10, Binance functioned as the dominant price oracle, operated with a degraded collateral transfer path, used indices overweight to its own stressed order books, lacked safeguards against pathological prints, and fed all of this into a highly leveraged liquidation engine.

Again: That is a central system whose internal state directly influenced who got liquidated across the industry.

It is the data that would show, second by second, how the engine behaved when it mattered.

It is a black box with market power asking for trust.

[bitmik.eth @BitGeneration4]

@WatcherGuru @cz_binance What a scammer

[bitmik.eth @BitGeneration4]

@ZssBecker Is this you, just 4 days ago? LOL You are just a clown! Please stop tweeting, you are like a cancer for this space!

[bitmik.eth @BitGeneration4]

@elonmusk Is this you, Evil Musk?

[bitmik.eth @BitGeneration4]

@ZssBecker Sir at this point yo’re just humiliating yourself every fuckin day

[bitmik.eth @BitGeneration4]

@ZssBecker Please stfu!

[Cuckturd @CattardSlim]

Elon Musk showed up to Trump's Mar-A-Lago party tonight to make sure his favorite pedophile gives him a piece of that sweet, sweet Venezuela pie.

[bitmik.eth @BitGeneration4]

@elonmusk @POTUS @FLOTUS Fucking clown

[bitmik.eth @BitGeneration4]

@ZssBecker How can this idiot still be around?

[bitmik.eth @BitGeneration4]

@Vivek4real_ I call it “please don’t teeet anymore and STFU”

[bitmik.eth @BitGeneration4]

@elonmusk