Derek Kan

Co-founder of Kumio

[WIRED @WIRED]

For nearly two years, researcher Vangelis Stykas has maintained access to North Korean hackers’ servers. His work shows they pulled off intrusions in a shocking number of systems across the globe. https://t.co/BhLOQ3Fs3d

[Derek Kan @derekhkan]

@ranyi1115 alpha

[Wu Blockchain @WuBlockchain]

Kumio: North Korea Has Successfully Compromised 1640 Companies Across 57 Countries Globally

According to WIRED, Vangelis Stykas, CTO at cybersecurity firm Kumio, revealed that after maintaining access to North Korean hackers' command-and-control servers for 22 months, he discovered that North Korean hackers have compromised 1,640 companies across 57 countries using fake job interview lures. Among them, 700 to 800 organizations suffered highly damaging intrusions, including root access to servers, AWS permissions, and cryptocurrency wallet keys.

The research highlights that hackers maintained a laser focus on cryptocurrency theft, while lax access controls among external contractors vastly amplified the blast radius of these breaches.

[Derek Kan @derekhkan]

@launchonmemefun back to trader focused, cutting teeth in the trenches

[Erling Haaland @Erling]

Well well well 😂

[Tenacious @TenaciousTek]

Starmind, the @SpaceX AI satellites, will eliminate the reasons why people hate AI

1. Unlimited Solar Power → No more grid strain

2. Passive Radiative Cooling → No more massive water consumption

3. Zero Terrestrial Footprint → Ends land use, noise, and community opposition

4. Rapid, Cost-Effective Scaling via Reusable Starship Launches → Addresses cost and growth limits

Starmind can’t come soon enough!

[Derek Kan @derekhkan]

@PlayProphetX May have to try this

[Derek Kan @derekhkan]

@flb_xyz It’s the setup to the most epic generation ever

[Marc Andreessen 🇺🇸 @pmarca]

A big load of pure alpha —>

[Derek Kan @derekhkan]

The NYSE's parent company just took a board seat at a global top 5 crypto exchange. ICE (not that ICE, Intercontinental) invested in OKX at $25B.

Earlier this year Intercontinental Exchange invested $2BN in Polymarkets.

TradFi buying into crypto...hmmm I wonder if early adopters see this as a validation or a takeover?

[Derek Kan @derekhkan]

@StarchildOnX Is this AI???

[Derek Kan @derekhkan]

a16z just went back to market for Fund V at $2B AUM. The largest crypto fund ever raised was $4.5B.

Regulated perps. RWA tokenization. Stablecoin rails.
The assets are starting to look like infrastructure. The capital will follow. Things are starting to look interesting

[Rob Wiblin @robertwiblin]

Huge repository of information about OpenAI and Altman just dropped — 'The OpenAI Files'.

There's so much crazy shit in there. Here's what Claude highlighted to me:

1. Altman listed himself as Y Combinator chairman in SEC filings for years — a total fabrication (?!):

"To smooth his exit [from YC], Altman proposed he move from president to chairman. He pre-emptively published a blog post on the firm's website announcing the change.

But the firm's partnership had never agreed, and the announcement was later scrubbed from the post."

"...Despite the retraction, Altman continued falsely listing himself as chairman in SEC filings for years, despite never actually holding the position."

(WTAF.)

2. OpenAI's profit cap was quietly changed to increase 20% annually — at that rate it would exceed $100 trillion in 40 years. The change was not disclosed and OpenAI continued to take credit for its capped-profit structure without acknowledging the modification.

3. Despite claiming to Congress he has "no equity in OpenAI," Altman held indirect stakes through Sequoia and Y Combinator funds.

4. Altman owns 7.5% of Reddit — when Reddit announced its OpenAI partnership, Altman's net worth jumped $50 million. Altman invested in Rain AI, then OpenAI signed a letter of intent to buy $51 million of chips from them.

5. Rumours suggest Altman may receive a 7% stake worth ~$20 billion in the restructured company.

5. OpenAI had a major security breach in 2023 where a hacker stole AI technology details but didn't report it for over a year. OpenAI fired Leopold Aschenbrenner explicitly because he shared security concerns with the board.

6. Altman denied knowing about equity clawback provisions that threatened departing employees' millions in vested equity if the ever criticised OpenAI. But Vox found he personally signed the documents authorizing them in April 2023. These restrictive NDAs even prohibited employees from acknowledging their existence.

7. Senior employees at Altman's first startup Loopt twice tried to get the board to fire him for "deceptive and chaotic behavior".

9. OpenAI's leading researcher Ilya Sutskever told the board: "I don't think Sam is the guy who should have the finger on the button for AGI".

Sutskever provided the board a self-destructing PDF with Slack screenshots documenting "dozens of examples of lying or other toxic behavior.

10. Mira Murati (CTO) said: "I don't feel comfortable about Sam leading us to AGI"

11. The Amodei siblings described Altman's management tactics as "gaslighting" and "psychological abuse".

12. At least 5 other OpenAI executives gave the board similar negative feedback about Altman.

13. Altman owned the OpenAI Startup Fund personally but didn't disclose this to the board for years. Altman demanded to be informed whenever board members spoke to employees, limiting oversight.

14. Altman told board members that other board members wanted someone removed when it was "absolutely false". An independent review after Altman's firing found "many instances" of him "saying different things to different people"

15. OpenAI required employees to waive their federal right to whistleblower compensation. Former employees filed SEC complaints alleging OpenAI illegally prevented them from reporting to regulators.

16. While publicly supporting AI regulation, OpenAI simultaneously lobbied to weaken the EU AI Act.

By 2025, Altman completely reversed his stance, calling the government approval he once advocated "disastrous" and OpenAI now supports federal preemption of all state AI safety laws even before any federal regulation exists.

Obviously this is only a fraction of what's in the apparently 10,000 words on the site. Link below if you'd like to look over.

(I've skipped over the issues with OpenAI's restructure which I've written about before already, but in a way that's really the bigger issue.)

[Derek Kan @derekhkan]

CFTC just blinked first on DeFi perps.
First regulatory green light for on-chain derivative in US, it's the on-ramp institutions have been waiting for.
The liquidity was always there. Now the framework is catching up.

[Derek Kan @derekhkan]

@ImNotTheWolf yeah i mean you're off of claude code now on to codex

[Derek Kan @derekhkan]

@AltcoinSherpa As a Chinese person I am shocked

[Derek Kan @derekhkan]

@asparagoid @grok is this true

[signüll @signulll]

this is quite a ridiculous chart if accurate.

[Derek Kan @derekhkan]

@SalsaTekila What is it about Claude, it’s also very satisfying to watch it “think” and the off white desktop interface for me