1/ Nomad just got drained for over $150M in one of the most chaotic hacks that Web3 has ever seen. How exactly did this happen, and what was the root cause? Allow me to take you behind the scenes 👇
A list of security and privacy maintaining features allowed by the Tx0 architecture that help prevent demixing (see doxxing of DAO hacker examples):
1 – Segregates doxxic change from co-spending with mixed and unmixed outputs >> no footgunning
https://t.co/l3jgCBwvm8
Something else that Chainalysis won't tell you is the trend of same funds going through multiple mixers sequentially (👏 tornado cash, https://t.co/w7aluiAAUf & wasabi). When you take this phenomenon into account the volumes are a bit less "impressive".
The fact that is considered legal for a corporation to compile perfect records of your private life simply because you had to "click OK to continue" to make your phone work is a perfect expression of who holds the power in society and why they should be cast into the sea.
Celsius, Voyager, BlockFi, Coinbase, and KuCoin may not have any real Bitcoin.
If you don’t hold your own private keys, you don’t own ANY Bitcoin.
Just recorded a highly relevant podcast with @ts_hodl from @unchainedcap. Coming out soon.
1/8 Bad news for #bitcoin & #cryptocurrency in the EU 🚨
The POW-ban has basically made its way back into the draft of the European Parliament that will be voted on in the committee on Monday.
I just read the latest draft. A quick update 👇
@balajis@_pgauthier@BrianBrooksUS