NORTH KOREA HAS STOLEN MORE THAN 1,500,000+ ETH. OVER 800,000 FROM JUST TWO OF THE BIGGEST EXCHANGES ALONE. THE ETHEREUM FOUNDATION HOLDS ABOUT 170,000
The bulk of the recent 420,000+ ETH came from the $6.3B Binance drain on 29 October, where attackers swapped a large share of stolen stablecoins into ETH that no one can freeze. Earlier in 2025 the same group pulled roughly 401,000 ETH from Bybit and already laundered most of it.
Across just these two hits North Korea took well over $7B from exchanges in the last year and a half. Older major drains include Upbit (342,000 ETH), Ronin (173,600), KelpDAO (116,500) and others. TRM Labs puts the total crypto stolen since 2017 at around $12.8B, with $7.4B of that in 2026 alone.
Unlike USDT or USDC, ETH has no freeze button. If the next cycle pushes ETH toward $5,000 and those wallets start unloading into strength, the market has no way to stop it. Scroll, which once raised hundreds of millions, just confirmed it is winding down its public permissionless network and moving to a permissioned AI setup while migrating its tokens to mainnet. Activity and TVL are already dead.
Most retail and airdrop farming no longer needs to touch Ethereum the way it used to. Points programs and L2 activity can run with almost no ETH exposure. The chain that used to be the default for retro now sits on the biggest pile of stolen coins that cannot be stopped.
HIBACHI’S MICA FILING JUST LAID OUT THE HEAT TOKENOMICS. ONLY 3.5% OF SUPPLY UNLOCKS FOR THE AIRDROP AT TGE
This is the classic weak-project playbook
Strong teams do not need to drip the people who actually generated the volume.
One exchange still has too much weight over the entire crypto market and the mood of everyone in it. The recent $6.3B Binance hot wallet drain is one thing. A year earlier, on 10 October 2025, Binance’s own platform issues (including the USDe, BNSOL and WBETH depeg window on its venue) helped turn the event into the largest liquidation cascade on record, with roughly $19B wiped out in about 24 hours, and the market stayed in a bear phase after it, projects are delaying TGE, launching at weak valuations, and adding vesting on community allocations.
Hibachi @hibachi_xyz has said these are not the final published tokenomics. But we are unlikely to see anything better.
https://t.co/q1HYVC3PFl
PENDLE JUST PAID OUT THE LATEST STRCX DIVIDENDS. THE CASH THAT CAME BACK CUT THE REAL COST OF 1M POINTS TO AROUND $30
1000$ parked in YT STRCx right now pulls the dividends of roughly $50k to $80k notional until the 26 November maturity.
At the current 12% rate that is $400 to $750 coming back as additional STRCx exposure before the market expires.
The payouts switch to weekly from November, so the next ones land faster. My pure Pendle cost currently sits near $32 per 1M points. Other positions pull it lower. The remaining time can still compress it a bit more.
20% Point Boost: https://t.co/NYaYoZ4R5Y
xStocks is the only setup with real 1:1 custody and issuance behind tokenized equities. On-chain AUM is already over $1B.
https://t.co/jfb5b8UGJ5
Another day, another hack in crypto.Most people still leave funds on exchanges.
xStocks @xStocksFi gives you 1:1 exposure to real stocks, backed by regulated custody and usable directly on-chain.
No need to park capital on a CEX or in another shitcoin that can go to zero overnight. It is one of the few RWA projects with real infrastructure behind it.
On-chain AUM is already over $1B. DeFi TVL is ~$123M. Owned by Payward, the parent company of Kraken.
With all boosts, 1M points currently costs $20–60 via YT. At $500M+ FDV the same amount can be valued from $500 and higher.
20% Point Boost :
https://t.co/NYaYoZ4R5Y
Keep funds on-chain. Buy stocks instead of leaving them on exchanges or in shitcoins.
Full farming guide is here:
https://t.co/KaZU7xNcq2
Reya V2 is still private beta. 24h volume is ~$5M. Open interest ~$2M. Season 2 carries at least 3% of total $REYA supply. The number of people who can actually trade is still small. @reya_xyz
https://t.co/FhOONux4Yz
Private Access code UVEGVX2EK
Roadmap is clear: Orderbook, Liquidity, Traction, Token. Season 2 is the short window that delivers the token. TGE is the next phase once the book is built.
Private beta + fixed supply cut + limited seats. Most people will only notice once the window moves.
The constraint is intentional. The share is fixed. The seats are limited.
https://t.co/6E1XAUUCdd
TxFlow @TxFlow_L1 Season 0 points landed at 10.77M.
Earlier models assumed ~38M for Season 0. Actual number is 72% lower.
Season 1 still distributes 1.25M trader points per week until no later than Q1 2027. Upper estimate for Season 1 remains ~38M.
Combined supply now looks closer to ~49M total points instead of 76M.
That tightens the math.
If 25% of supply goes to points:
$500M FDV → ~$2.55 per point
$1B FDV → ~$5.10 per point
Open interest sits around $45–90M. 24h volume is running $140–170M. Fully on-chain order book, gasless order placement, own L1.
Spot and prediction markets do not count.
The supply side just improved. Usage still has to prove it.
Hibachi points end on November 8.
Hibachi started with a mission to bring privacy, speed, and performance to perpetual trading. $10B in volume later, that mission has grown into something much larger.
FX moves $10T a day on T+2 settlement, behind credit lines and a concentrated banking system that limits access to liquidity. Stablecoins settled $46T last year, near-instantly, around the clock. Those two systems are converging, but the exchange infrastructure to connect them doesn’t yet exist.
That is the venue Hibachi is building: the institutional-grade exchange for stablecoin-native FX, spanning perpetuals and spot.
To everyone who traded, referred, and stress-tested the product from the first day: thank you. Your activity built the foundation this next phase stands on.
Note: Rewards may be associated with social or trading activity after points have ended.
Hibachi points end on November 8 @hibachi_xyz !
Been farming since preseason.
Tracked the chart week after week.
$10B volume later — they are moving from points game to building the actual stablecoin-native FX venue.
This is exactly how the best ones transition.
From incentive to product.
How degen are you on-chain? Pull your @Housebets card, find out — and there's something in it for you. @HousebetsWhale drop my card. Use my code: CandidBlade54 🃏