Randy

[Randy @randybroccoli]

@Stake Yoooo

[Randy @randybroccoli]

@SonicLabs Spain 4-2

[Randy @randybroccoli]

@KalshiSports Kalshi

[Kalshi Sports @KalshiSports]

WIN A SIGNED MESSI JERSEY 🚨

In honor of the World Cup Final, we're giving away an autographed Lionel Messi Argentina jersey!

To enter:
— Repost + Comment "Kalshi"
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Winner announced on Tuesday. Good luck!

[Randy @randybroccoli]

@0xmercle Sup

[carl @ctcheeto]

@jerallaire It does. Why doesn’t Circle mint me my money and give it back instead of collecting interest on it forever while it’s stuck onchain forever unaccessible?

[Randy @randybroccoli]

RT @BeatinTheBookie: Soccer #WorldCup FREE Play

Netherlands tt over 2.5 -140 (1u)

[Randy @randybroccoli]

@rainnen23 lol wtf so have I. Kraken UI is so bad

[Doc Hollywood @OGDocHollywood]

No wonder we keeping finding new wars to overwhelm the news headlines. Epstein files keep getting suppressed.

Courtesy Miami New Times:

[Feroce Research @FeroceResearch]

Did you listen?

Exactly 4 months ago I shared exactly 4 stocks in this very post:

Intel, AMD, Micron, Sandisk

You could have outperformed 99% of every stock in the SP500 by picking any of the 4 names provided.

Zero spam, zero confusion,

Just outright giving the name of the tickers before they all saw a historical run

[lyxe @cryptolyxe]

Bybit has decided to freeze my account and withhold $200k of personal funds for absolutely ZERO reason.

Have been using this account for 2+ years with 0 issue - have done 9 figures in volume and had 7 figures liquid in here with no problems.

But 3 days ago my account was “banned” for depositing $10,000. It has asked me for “proof of wealth”, “full KYC”, “pay slips” as well as proving ownership of the deposit wallet.

My account and KYC has already been verified to the level required for 400k+ in daily deposit limits, as well as the trading volume I already do.

I can no longer trade and withdraw my OWN funds with an account i already had full KYC for.

@Bybit_Official @benbybit

[Randy @randybroccoli]

@CheddarFlow 2027?? wtf

[Farzad 🇺🇸 🇮🇷 @farzyness]

Whoever designed this needs to be fired immediately:

[Randy @randybroccoli]

@yenperps done

[Randy @randybroccoli]

@CirrusNFT This? https://t.co/CuHEY0Ipbh

[Artem Oak @Artem_Oak]

At this point I only have one question: what the fuck are people at Circle even thinking?

While we got @paoloardoino bailing out Drift, these guys want to push borrowers that are stuck on Aave to a potential liquidation

Instead of pushing for this dumbass proposal, you could have deposited some USDC into the pool to help the DeFi users, help Aave, and try and come up with a solution to the current situation

Instead, you choose to push users towards liquidation, force them to repay loans, while doing what exactly?
What's the point of the proposal?
What are you bringing to the table?
What is your contribution to what DeFi is going through right now?

With this proposal and the excuses Circle is coming up with not to freeze USDC that flows straight to uncle Kim (gm @zachxbt), I'm losing all respect for Circle, the way it operates, and overall their role in DeFi

If you've got nothing to bring to the table, sit down and let others handle things you should not feel entitled to give your opinion on

[Tay 💖 @tayvano_]

@NeerajKA keeps deleting his replies so here’s my response to his series of excuses for Circle.

CIRCLE is responsible for the things it builds and the decisions they make and the people they provide services too.

Just like every other person and company in this space.

In this situation EVERYONE ELSE ACTED to the respond to the incident and take the steps THEY COULD to mitigate the harm.

Not because they were forced to. But because they could and they don’t want the hackers to fucking win. That’s the fucking difference and why Circles actions are fucking unacceptable. They could. Not only can they—they have a bigger staff and more money than every other one of these teams. And they chose not to.

A lot of bridges can’t freeze. But they can block on the frontends or APIs. They can refuse to process transactions that are 100% stolen funds. AND IN THIS CASE EVERYONE DID EVERYTHING THEY COULD.

EXCEPT CIRCLE.

The frontends blocked. The bridges limited the SOL->ETH routes temporarily. The people who could freeze froze. Drift and Squads and security experts worked instantly to identify and contain the threat and ensure no further loss could be realized—to Drift AND to others.

The only ones who sat and did NOTHING was Circle. They watched. As people alerted and worked together and said FUCK YOU to the hackers and tried to stop them, Circle sat in their ivory tower and said FUCK YOU to all the innocent people impacted.

CIRCLE has decided that they don’t want to work together to make the world better. Fuck that.

CIRCLE fucking CHOSE to keep servicing blatant fucking stolen funds via their stablecoin, their bridge, their frontend, their apis, their servers. For fucking HOURS. And then they made excuses for not acting after.

No. That’s unacceptable. You are responsible for your actions. You don’t get to make excuses when you fuck up. Own it and be better or literally get the actual fuck OUT.

[Tay 💖 @tayvano_]

Now I'm going to rewrite you.

When you say "the mob" what you actually mean is "reacting instantly to an active hack situation that's being publicly discussed."

But that's actually not a mob. It's actually a very distinct and very crypto and very common situation. Let's define it

1. ongoing, active, rapidly developing incident
2. being discussed on the public record, loudly, in the open
3. clearly something unexpected, bad happened (contract was upgraded, a lot of money moved suddenly to unknown addresses, team is like AHHHH, users are like WAAAHHHHHH)
4. things are being sus'd out. in public.
5. theories are challenged. in public.
6. addresses are identified. in public.

Further, for this specific type of situation, lets further narrow the scope JUST to:

7. $5m+ plus incident
8. All involved addresses are new. As in they were unused until immediately before the hack.
9. Identified as it was happening. Circle became aware as it was happening and within the time that they could take action. And the hackers were using Circle things.

Why should Circle act here?

Ooooh boy BECAUSE THE NATURE OF THESE SITUATIONS AND WAY THEY DEVELOP IS MORE THOROUGH, MORE CHALLENGED, MORE ACCURATE, THAN WHAT AN EX PARTE EMERGENCY ORDER and AN LE ORDER DOES!!!!! (And bc they fucking can. 😇)

The risk of taking action like freezing is that you impact the wrong thing. You freeze the wrong person. Your actions have unintended consequences. Freezing is dangerous and risky. It should be done when you can to prevent and correct harm. But never forget: you freeze also has the potential to create new harm. That MUST be avoided at all costs.

Harm Level 1: You freeze an innocent party.
Harm Level 2: THEY HAVE NO RECOURSE!

The civil order on the 16+ hot wallets caused Harm Levels 1 and 2. Those owners didn't know why or who to contact. They can't challenge. They can't defend themselves. They have no recourse. Zach got messages from these services because Circle wouldn't respond and there is no public record. They're stuck. They are now victims. Full stop. We don't want to create more victims. The current system is.

However, when you are reacting to a PUBLIC incident, the liklihood of harm goes to NEARLY ZERO.

1. The evidence is inherently verified, checked, double checked, challenged, and agreed to be accurate via a large, independent, variety of actual fucking experts.

This means that the evidence and addresses are more likely to be correct than any other situation. Including one held before a US judge.

2. The victim is clear and identified and public (e.g. Drift. Drift users). The harm to those people is clear and known and public ($250m+ stolen from Drift and Drift users.)

This means that acting now CAN MITIGATE HARM TO REAL PEOPLE. It can immediately disincentivize the thief. And provide some amt of recourse to these victims.

3. If it's a brand new address used exclusively to receive the funds in question that means, by definition, it's all the same source of funds. The funds are not commingled. There's no innocent parties, now or historically. A fuckload of experts all agree that those addresses exclusively received the proceeds of the crime.

This means that there is almost no chance of impacting an innocent bystander, service provider, etc.

4. The address identified IN PUBLIC is literally the identity of the address's owner. It's also what's then frozen. Which is also public.

This means that even if 1-3 fail...even if you accidentally freeze an address and it turns out that it wasn't a hack or they aren't a criminal...the owner of that address can find the conversations easily, read discussions, understand the context, challenge people's statements, and immediately get in contact with the appropriate parties. They can then actually identify themselves using the same fucking cryptography that this all runs on and prove who they are. That's recourse. That mitigates Harm Level 2. And it does so better and more quickly than the current court system does.

Thats why, in these cases, Circle should actually "listen to the mob" and act decisively. Because they can. Because it mitigates harm immediately. And because the US court system is not able to do this as quickly AND as accurately as what this ecosystem already fucking does on the fucking regular.

[ZachXBT @zachxbt]

Not sure why you conflate two different independent problems because a publicly traded centralized stablecoin issuer is NOT DeFi.

Compliance of your own infra / clients for the latter while $230M of illicit activity was laundered over 6 hrs for a clear cut case is as bad of an example as it gets.

Abusing legal inefficiencies against victims instead of implementing real time solutions is not the answer.

Circle does not get to reap the benefits of both centralization and decentralization arbitrarily for when it best suits them.