Losing Money 101

duck/frog poster. pronouns: sir/ser. vibing mostly

[Losing Money 101 @losing_101]

sell in may and walk away
[insert narrative here] (L1/NFT) summer in august
wake me up when september ends
market buy the picosecond october starts
[insert narrative here] (L1/meta) summer in november

~ sell to buy christmas presents?

[Losing Money 101 @losing_101]

> It bypasses the attacker's private key entirely.

funds safu??!

[Haseeb ＞|＜ @hosseeb]

Claude explains the $71M @arbitrum clawback:

What this transaction is
Tx: 0x5618...0f6b on Arbitrum, block 454686044, April 21, 2026 03:35 UTC

From: 0x5d39...7Ccc — labeled on Arbiscan as “Kelp DAO Exploiter 1”
To: 0x0000000000000000000000000000000000000DA0 — a special system/recovery sink (not the normal 0x...dEaD burn address)
Value: 30,765.667 ETH (~$71M) — effectively the entire Arbitrum-side balance of the attacker’s hub wallet
Tx type: ArbitrumUnsignedTxType (EIP-2718 type 0x65 / 101)

The “type 101” is the key. That is not a user-signed transaction — a normal EOA physically cannot produce one. ArbitrumUnsignedTxType is an ArbOS system transaction that only the chain itself (via the sequencer / ArbOS upgrade path controlled by the Arbitrum Security Council) can inject. It bypasses the attacker’s private key entirely.

The remediation (this tx): Arbitrum’s Security Council used its emergency powers to inject an ArbitrumUnsignedTxType that forcibly moved the attacker’s full 30,765 ETH from the hub address into a protocol-controlled recovery sink (0x...0DA0).

Why it’s “extraordinary”
Arbitrum did not perform a reorg or historical rewrite — the chain’s ordering is intact. Instead, the Security Council used a privileged state-override transaction type that is part of ArbOS but has essentially never been used before. It is functionally a state-level clawback: the attacker’s private key still signs txs, but that address’s ETH was moved by the chain itself.

This is the mechanism Arbitrum’s progressive-decentralization docs reserve for “catastrophic” emergencies (12-of-N Security Council action), and this is one of the clearest public demonstrations of it being invoked. Note that it only recovered the Arbitrum leg of the theft — the ~75,700 ETH on Ethereum is outside Arbitrum’s control and remains with the attacker, which is why Aave is still facing up to ~$230M of potential bad debt on the Ethereum side.

Sources:

Arbiscan tx: https://t.co/gP9TxztB86
Arbitrum Docs — ArbOS / Sequencer forced inclusion: https://t.co/tLra60c8rC
Arbitrum Foundation — progressive decentralization & Security Council: https://t.co/nNGfC4l37M

[Losing Money 101 @losing_101]

dis is a work of art

[Losing Money 101 @losing_101]

we fill the wick

[Losing Money 101 @losing_101]

it's saying something about the future or?

[Losing Money 101 @losing_101]

@poordart he was found dead a couple hours after his final post, there's some news article about it

[Losing Money 101 @losing_101]

haven't heard much from all the treasuries buying bitcorn. wonder what they doin

[Losing Money 101 @losing_101]

@RunnerXBT beaver cuts trees, it means we go down with the tree

[Losing Money 101 @losing_101]

give everything back and more trying to chase port highs -> next cycle start from zero but this time with ptsd -> sell too early and go perma bear mode for majority of the cycle -> buy top of the cycle after being wrong for so long

cycle continues. another multi cycle bera born

[profitable @exitliquid1ty]

can i get some advice from some multi-cyclers/ niggas that have been around for a while & have made and lost millions in this space.

i'm currently roundtripping everything i have ever made in this space and idk what to do really, i'm down so so so much on all my memecoins, my aster bag is down a gut wrenching amount, watching everything slowly come back down to zero, what do i do in my current position, do i js sell everything or keep holding.

if i sell everything rn i'll be left with 6 figs but it's getting dangerously close to me going to zero.

genuinely need help from more mature people in this space.

thanks.

[Losing Money 101 @losing_101]

we fill the wick

[Losing Money 101 @losing_101]

@insiliconot u know how they do it in physics.. take the greeks next

[Losing Money 101 @losing_101]

ma algo. one is influencoooor who gets money from engagements, other is just doing it for lulz

[Losing Money 101 @losing_101]

anyone who uses llms actively, open and closed source, knows already what has been happening for the past year. sam altman said he thinks we're in a bubble, kek. meta was poaching their engineers with billions. ofc it a bubble

[Epoch AI @EpochAIResearch]

Has LLM progress slowed?

Initial reactions to GPT-5 were mixed: to many, it did not seem as dramatic an advance as GPT-4.

Benchmarks may help clarify the picture: GPT-5 is both an incremental release following many other OpenAI advances, and a major leap from GPT-4.

[Losing Money 101 @losing_101]

@insiliconot usually can tell from image if it's bouncy or not tho

[Losing Money 101 @losing_101]

@insiliconot asus was riddled with vulns this year. too much risk for anyone srs

[Losing Money 101 @losing_101]

@mgogel it's crazy how much the engagement has changed in past years

[Losing Money 101 @losing_101]

don't let him delet

[Losing Money 101 @losing_101]

@insiliconot Why u need windows

[Losing Money 101 @losing_101]

anon, can you feel it? there is a narrative shift brewing

[Losing Money 101 @losing_101]

they didnt say it was jackson hole for the beras

[Losing Money 101 @losing_101]

i see more and more people starting to realize the ai hype is not going to keep going and agi is indeed not coming in the next two weeks and local models keep catching up to closed source ones. what happens to our magnifico 7 when the narrative cools down or ends?