My thoughts on BIP-110 and the "anti-Ordinals movement" that will attempt to fork the Bitcoin network in August 🧵
The greatest threat to Bitcoin is neither Ordinals nor Runes
It is the pervasive and dangerous ideology that took hold after the Blocksize Wars that using Bitcoin L1 is bad
Starting in 2017 a bunch of lunatics in the "Lightning ecosystem" hijacked Bitcoin and psyoped everyone into believing that making transactions on Bitcoin L1 was somehow immoral and harming children in El Salvador
Fast forward nearly a decade and here are some of the downstream effects of telling everyone to stop using Bitcoin L1
A catastrophic amount of time and resources were wasted building a now obsolete and failed "Lightning Network"
Bitcoin has now been infiltrated by feds and bankers who have normalized not only paper Bitcoin but Ponzi scheme treasury company versions of paper Bitcoin
When you joined Bitcoin a decade ago you were taught how to self-custody
When you join Bitcoin today many of the top "leaders" tell you to buy pump and dump Bitcoin proxy scams trading anywhere from 2x to 100x NAV
The vast majority of "Bitcoin maxis" have never even used Bitcoin L1 and are technically illiterate having no idea what a UTXO is
The biggest joke of all is that discouraging people from using Bitcoin L1 created the low-fee environment which allowed the data storage use case to take root
It is laughable that BIP-110 claims "data storage competes unfairly with payments"
You can transfer billions of dollars of value on Bitcoin L1 in roughly 200 bytes yet Bitcoin maxis failed so badly at creating demand for block space that it became economically viable for artists to store 4 megabyte JPEGs while competing fairly in the exact same fee market
BIP-110 is by far the least cypherpunk proposal by the least cypherpunk group of people in the history of Bitcoin
They have completely lost the plot
Instead of coming to terms with the consequences of their own decisions they are attempting to introduce radical levels of censorship to a network whose entire value proposition is censorship resistance
There are no words to describe how fragile someone's ego must be to blame artists for using a low-fee environment created by your own reckless decisions
It is not a coincidence that 67.9% of all Bitcoin transactions this week were Ordinals and Runes
While the Bitcoin maxi movement is completely going off the rails
We are the ones who actually use the Bitcoin network
We are the ones who secure the Bitcoin network by paying fees
We are the ones who understand the Bitcoin network at the deepest technical level
We are the ones who denominate in Bitcoin and actually use Bitcoin as money every single day
We are the ones who self-custody our Bitcoin and carry on the ethos of "not your keys not your coins"
We are the real Bitcoin maxis now
There is nothing more cypherpunk than running your own node and ripping some JPEGs onto a censorship-resistant network regardless of how unpopular it is
Satoshi's first act on Bitcoin was to inscribe data
We are simply carrying on the torch
Because the prior Bitcoin maxis have failed so miserably the Ordinals and Runes enjoyers have become the new Bitcoin maxis
We will make self-custody cool again
We will make experimenting on Bitcoin fun again
We will get people to use Bitcoin as a medium of exchange again
We will educate people and make Bitcoiners technically literate again
We will secure Bitcoin by creating a robust fee market and high demand for blockspace again
We will purge Bitcoin of the feds and bankers who have infected it like a disease and that starts with defeating the BIP-110 fork in August
I am calling on all $DOG soldiers, all Ordinals enjoyers, and all Runes degens to band together and fight against this BIP-110 cancer that is hell-bent on destroying the Bitcoin that we know and love
If you are against BIP-110 and agree that Bitcoin should remain censorship resistant show your support by quote posting this with "Defend permissionless blockspace. Reject BIP-110." and be sure to repost all quote posts
Long live Bitcoin
Long live Ordinals and Runes
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📝 Kerberus 2025 Recap
Acquisitions, expansions, and the stat we're most proud of:
0 losses for our users now in 3+ years 🔥
Here's how the year unfolded 🧵
Pocket Universe Major Update
Our biggest expansion ever
All your transactions are now enhanced with Kerberus technology:
- 99.9% detection rate (0 losses for users for 3+ years)
- 50+ chains (previously only 12)
- Most wallets!
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From @zachxbt: It appears hundreds of wallets are currently being drained on various EVM chains for small amounts (<$2k total per victim) with a root cause not yet unidentified.
So far ~$107K has been drained from them with the theft total still increasing.
December's Damage Report
$51.8M lost to address poisoning
$10.1M lost to DeFi phishing
52.55% of the $117.8M total - all avoidable
How? Sentinel3 with 99.9% detection rate & address poisoning protection
If every Web3 user had it, this month would've looked very different
⚡ Most crypto losses don’t come from broken code, they come from human error.
@metrokatz and @An7i21 from @Kerberus show why mismanaged keys, phishing, and malware dominate exploits, and why fully automated, real-time protection beats user warnings.
Watch how they’re tackling the weakest link:
https://t.co/yJ2WRmvd0I
Kerberus Web3 Security Weekly Recap 📝
$7M stolen from Trust Wallet users,
Flow blockchain halted for 30 minutes,
Aave's $10M revenue dispute exploded, and much more
Here's what you need to know 👇
1️⃣ Trust Wallet Chrome Extension Hack
Someone obtained a leaked Chrome Web Store API key and pushed version 2.68, disguised as a normal update. Hidden within what appeared to be analytics code was a seed phrase stealer that activated when you unlocked or imported a wallet. Only the Chrome extension got hit. Mobile and hardware wallet users were completely safe.
https://t.co/5gcwV6n5Tc
They patched it to v2.69, took down the attacker's server, and CZ immediately said they'd cover everything. “Funds SAFU.” They've identified 2,596 actual victims, but over 5,000 people are filing claims.
https://t.co/SUJFPuuHbd
The crypto community DDoS'd the hacker's data-collection site, slowing the attack. If you used Trust Wallet's Chrome extension between Dec 24-26, check if you're on the affected list. Real victims are getting 100% reimbursed.
https://t.co/UsWBGhqQJE
2️⃣ Flow Blockchain Exploit
On Dec 27, Flow Blockchain got hit with an execution-layer exploit. The attacker exploited a bug to mint fake tokens and bridged approximately $3.9M off-chain, eventually laundering it to BTC. Important to note: no actual user funds were stolen. Real balances stayed completely safe throughout.
The team shut down the network within 30 minutes to limit damage, but $FLOW still tanked amid fear. They initially planned a rollback, but dropped it after bridge operators pushed back.
https://t.co/wnKut0z3jO
Instead, they went with a surgical fix: burn the fake tokens and temporarily freeze the tiny fraction of accounts (under 0.1%) that received them.
https://t.co/7nmShxA2HV
Phase 1 restart went live on Dec 29. The Cadence side is now fully operational, covering 99.9% of activity, including most apps and NFTs. The EVM side remains read-only during final checks, and bridges are coming back gradually.
https://t.co/ADnehNWEaC
3️⃣ Aave Governance/Revenue Drama
Aave Labs quietly integrated CoW Swap as the default on their frontend on Dec 4. A week later, a delegate discovered that fees estimated at $200K/week were being sent to Labs wallets rather than the DAO treasury. Previously, Labs had voluntarily contributed ~$1.1M in 2025.
https://t.co/77zDSQiOYg
The community erupted over "stealth privatization" after Labs built the frontend using DAO's brand and liquidity without a governance vote. Labs argued they self-funded the frontend, and that protocol revenue ($140M annually to the DAO) remained untouched. A rushed proposal to transfer IP/brand to DAO failed spectacularly during the holidays.
Price chart showing the damage: https://t.co/2TBzQyUIM8
Founder Stani bought $15M of AAVE personally and committed to clearer alignment going forward. Drama is cooling off now with both sides talking. No user funds or security were affected.
https://t.co/E7W58X0ofm
4️⃣ Gnosis Chain Hard Fork Recovery
Gnosis Chain recovered $9.4M from the Balancer hack through a hard fork, freezing hacker addresses and moving funds to a safe wallet for victims. Smooth execution, but raises questions about immutability vs protection.
https://t.co/vmBg6wY2ob
5️⃣ Stealka Malware Warning
The new "Stealka" malware is spreading via fake game cheats and cracks, targeting 80+ crypto wallets, including MetaMask and Phantom. Stay away from sketchy downloads.
https://t.co/4ljxnsAdek
6️⃣ Private Key Leak Drain
Two wallets were drained of $2.3M in USDT after private keys were leaked; the attacker swapped to 757 ETH and ran it through Tornado Cash. This is why you need hardware wallets and should never store your seed phrases digitally.
https://t.co/53IBe38Nvv
7️⃣ Lido DAO adopts SEAL agreement
Lido DAO has adopted the SEAL Whitehat Safe Harbor Agreement, allowing ethical hackers to recover funds during live exploits without fear of lawsuits. Unanimous vote protects $26B in staked ETH and joins 20+ protocols covering $45B+.
https://t.co/rpwj3cKmPZ
8️⃣ CertiK 2025 Skynet Hack3d Report
Web3 lost $3.35B in 2025 across 700+ incidents according to CertiK's new security report. Private key compromises and social engineering attacks were the primary culprits, while supply-chain attacks caused the most damage.
https://t.co/zYqwC1jOSu
That's all for this week's recap 🔚
Thank you for reading!
About us: Kerberus is the market-leading Web3 security solution for detecting scams, phishing, and hacks in real time. 0 user losses for 3+ years and up to $30,000 in transaction coverage.
See you next week 🫡
Stay protected, stay informed, and remember as always:
You make the profits, we keep them yours 🛡️
The ways people have their crypto stolen are always evolving
Kerberus develops security products and features based on what most hurts users today
Malware/viruses are today's biggest threat
Our cofounder @metrokatz explained our next move at 1inch and Ledger's De.Fiesta 👇