My friend at the NSA said they know almost everyone who has ever bought zcash and I asked him how and he said they go on twitter and search for people who tweet “just bought zcash”
MtGox was a more catastrophic theft than quantum will ever be.
* 70% of all trading volume
* 850,000 bitcoins stolen from them
* 6% of all bitcoins that existed at the time
* Roughly 1/10th of the entire marketcap of Bitcoin
Look where we are now.
justin sun vs wlfi
the original token deployed sep 2024 had no blacklist and no seizure, but it was upgradable. the blacklist was added in v2 on aug 24, 2025. 11 months after sun invested and one week before trading opened. on nov 19, 2025, another upgrade added batch reallocation, essentially seizing, justified with saving phished funds.
whatever the paper contract said, the code for vesting contract supports cliff dates, linear schedules, and up to 8 segments per category. wlfi used none of these to restrict sun. they chose 20% instant lump-sum unlock, then punished him for using a fraction of it. the remaining 80% has no vesting schedule at all, 7+ months later, claimable() returns 0.
the vesting contract has per-category schedules to enforce token lockups. what's interesting is wlfi has carved out a special category 3 specifically for justin sun, he's the only user in it. the other 519 investors are in category 1.
14 minutes before sun activated his wallet, wlfi's own 3-of-5 multisig configured category 3 to release 20% of his 3b allocation as freely transferable tokens at trading start.
over the next 3 days sun transferred out 55m. a single guardian eoa (also on multisig) blacklisted him. that address is also the sole owner of a second guardian safe with threshold 1. so one person can freeze anyone, while seizing requires 3-of-5.
meanwhile, the same multisig is using 5b wlfi as collateral on dolomite to borrow $250m in stablecoins. they represent 98% of all wlfi on dolomite and 86% of the protocol's entire borrow volume. two safes with the same five signers, running a usd1/usdc loop that recycles borrowed usd1 as collateral to borrow usdc and feed it back.
bitcoin is awesome because every once in a while there will be some big impending concern (like quantum computing) that nobody knows how to solve and then some random giga-brain named avihu just drops paper out of nowhere that solves it
Crypto people are hilarious. They refuse to believe Anthropic Mythos has found existential bugs in Ethereum, but simultaneously believe alien technology exists and is going to be used to steal Bitcoins any moment now.
anthropic running the exact same marketing playbook with every release. “our model is so capable and dangerous, ahh we are afraid to release it”. just put the model in the bag lil bro.