Eric

American Made! American Exceptionalism
Buy American Support Local small businesses
Inalienable Rights / Freedom / ability to have my own thoughts
#XRP #XLM

[Eric @TichiganEric]

Another bad decision
Health care starts with what you consume.

[Governor Tony Evers @GovEvers]

BREAKFAST OF CHAMPIONS

[Eric @TichiganEric]

Details matter

[NoLimit @NoLimitGains]

I went through the on-chain data on the $6.3B Binance hack. What most people are posting is WRONG, and the smartest part of this attack is getting no coverage…

The main drain took 24 SECONDS. Not 20 minutes. About $2.7B left two Binance Ethereum wallets in under half a minute.

How they got in:

Binance says a DevOps engineer's laptop "may" have been compromised. They also say there is no evidence a private key leaked. Both can be true, and that's the interesting part.

An EIP-7702 delegation needs a valid signature from the wallet. If you control a service container that is already authorised to request signatures, you never need the key. You just ask the signing service to sign for you. Same shape as Bybit, where attackers hit a developer machine at Safe.

The transaction itself:

A type-4 tx carrying 50 separate EIP-7702 authorizations, all for the Binance 14 hot wallet, all pointing at the same attacker contract.

Only ONE landed. Nonce range 18,914,775 to 18,914,824.

They didn't know the wallet's exact nonce, so they sprayed a range and let one hit. Blockaid caught this.

The part nobody is talking about:

Within 3 minutes the attacker supplied 60M USDT to Aave as collateral and borrowed 19,762 wETH against it. About $45M.

Tether froze the address right after. Aave froze the markets 46 minutes later.

TOO LATE. They had already turned freezable stablecoins into ETH nobody can touch. Marc Zeller confirmed the position is overcollateralised so Aave isn't out anything.

Where it stands:

Frozen, per ZachXBT: over $2.83B. Roughly 1,767M USDT, 823M USDC, 40.5M RLUSD, 27.8M USD1, 29,934 WBETH.

Still with the attacker: 197,460 ETH, about $436M, plus $122M across 15+ tokens including LINK, AAVE, WBTC and ONDO. Another $19.5M on Arbitrum and $24M on Avalanche.

The wallet was funded with 0.1 ETH out of Tornado Cash. The delegation was removed and the wallet's code was empty again by 01:20 UTC.

The number that actually matters:

$6.3B stolen, about $3B frozen. That's a $3.3B hole.

SAFU took in $1B of Bitcoin earlier this year. It covers less than a third. At least $2.3B comes out of Binance's own corporate balance sheet.

Withdrawals went down at 22:15 UTC, almost two hours after the drain started.

Watch for the updated Proof of Reserves. That's the only document that tells you what Binance actually has left.

I will keep researching the subject, and I will keep you guys updated.

If you own ANY amount of crypto, make sure you're following me so you don't miss any important updates.

A lot of people will regret not following me…

[Eric @TichiganEric]

Fuq yah!

[Milwaukee Brewers @Brewers]

ALL 8 FIFTH-INNING RUNS IN ONE VIDEO

[Eric @TichiganEric]

@bgarlinghouse @RippleSwell @USOCC YAHOOOO!

[M2 @Amer1can_Barbie]

Night y’all 😘

[Eric @TichiganEric]

@PISDI94_96 A fart is a turd barking for clearance.

[Eric @TichiganEric]

😎

[Shooter McGavin @ShooterMcGavin]

Ping pong golf might be the next big thing in sports

[Eric @TichiganEric]

Beaver! 😆

[RetroNewsNow @RetroNewsNow]

🎃1962 Retro Episode:

— On ‘Leave It To Beaver,’ Beaver gets into trouble at school for wearing a sweatshirt bearing a picture of a three-eyed monster

[MLB Network @MLBNetwork]

The #WorldSeries returns to Milwaukee TOMORROW!

REPOST for a chance to win this World Series giveaway bat courtesy of @VictusSports!

Rules: https://t.co/de7g2ISGnD | NoPurNec, US/18+, Ends 10/29

[Eric @TichiganEric]

@ExtraVOD_ France had to sell btc for ammo?

[Watcher.Guru @WatcherGuru]

JUST IN: Visa officially launches stablecoin payments through Visa Direct, enabling near-instant global payouts using $USDC across 180+ countries.

[Eric @TichiganEric]

😎

[MLB Network @MLBNetwork]

The @Brewers are World Series bound and the fans back home are loving it!

🎥 @GEICO #BallparkCam | #WinOurWay | #NoTimeLikeOctober

[Eric @TichiganEric]

Why delist https://t.co/qDMcbWKvIh?

[EPIC Travel @EpicOnChain]

We want to address our community on the latest developments with exchanges.

Realistically, we did everything right:

- Building with focus, a product that'll be in demand
- Maintaining active socials
- Have a strong market making partner (depth even now is great)

So we can only assume Binance sees Epic as a competitor to its now own backed product, Travala.
As a result, competition is being limited.

EPIC Travel is a game changer in how crypto, especially stablecoins, can be spent on daily needs.

Travala currently charges massive fees and is recently owned by Binance and its BSC/BNB ecosystem. Epic disrupts this.

Rather than welcoming industry growth for a startup model like ours, with more than enough room for all participants, the powerful exchange limits growth.

This is a sign that what we are building is powerful, it has hit the concerns of the industry's biggest exchange.
--
To our community, reality is we are delivering above and beyond the vast portion of projects exchanges support.

- Constant updates on product
- Active presence at industry events for partnerships
- Forward-facing team building towards useful solutions

This will not change. Epic Travel will change how crypto is spent. Forever. Saving the industry from the price gouging by big exchanges.

Our market makers remain strong and will spread liquidity across major exchanges.

We are doing it for our community.
For all of crypto.

The process we have taken to bring cheaper prices to market is slow. It comes with far more compliance on our end, yet none for end users.

The product features are the priority. Price competition is built-in.

We are so close and in time for the holiday travel boom. We will continue adhering to the web3 model of disrupting the consumer and retail market in favor of the end user, not the incumbents. Heads down, building.

[EPIC Travel @EpicOnChain]

We want to address our community on the latest developments with exchanges.

Realistically, we did everything right:

- Building with focus, a product that'll be in demand
- Maintaining active socials
- Have a strong market making partner (depth even now is great)

So we can only assume Binance sees Epic as a competitor to its now own backed product, Travala.
As a result, competition is being limited.

EPIC Travel is a game changer in how crypto, especially stablecoins, can be spent on daily needs.

Travala currently charges massive fees and is recently owned by Binance and its BSC/BNB ecosystem. Epic disrupts this.

Rather than welcoming industry growth for a startup model like ours, with more than enough room for all participants, the powerful exchange limits growth.

This is a sign that what we are building is powerful, it has hit the concerns of the industry's biggest exchange.
--
To our community, reality is we are delivering above and beyond the vast portion of projects exchanges support.

- Constant updates on product
- Active presence at industry events for partnerships
- Forward-facing team building towards useful solutions

This will not change. Epic Travel will change how crypto is spent. Forever. Saving the industry from the price gouging by big exchanges.

Our market makers remain strong and will spread liquidity across major exchanges.

We are doing it for our community.
For all of crypto.

The process we have taken to bring cheaper prices to market is slow. It comes with far more compliance on our end, yet none for end users.

The product features are the priority. Price competition is built-in.

We are so close and in time for the holiday travel boom. We will continue adhering to the web3 model of disrupting the consumer and retail market in favor of the end user, not the incumbents. Heads down, building.

[Eric @TichiganEric]

@cryptocom What happens to delisted token funds on your exchange?

[SMQKE @SMQKEDQG]

Remember:

Cross River Powers X Money.

Cross River is now expanding XRPL across its settlement capabilities.✅

X Money 🤝 XRP + Cross River Bank

Documented.📝👇

[CoinDesk @CoinDesk]

LATEST: @Chainlink launches Data Feeds and Data Streams on @StellarOrg, bringing institutional-grade price oracles to $4B+ in RWAs on the network to power DeFi lending, perpetuals and prediction markets.

[Eric @TichiganEric]

@Gini_220 8452836

[Eric @TichiganEric]

@cryptocom What is the later date?