perfect 41rdr0p outcome as there were 3 different winners
first winner:
50 HYPE from m/44'/60'/0'/0/0
second winner:
50 HYPE from m/44'/60'/0'/0/42
8.85 HYPE from m/44'/60'/0'/0/69
1.47 uZEC and 2.99 XMR1 from m/44'/60'/0'/0/420420
third winner:
50 HYPE from m/44'/60'/0'/0/69
new HYPE alltime highs relative to Nvidia, Google, Amazon, TSMC, SpaceX, Meta, Broadcom, and ASML
"you find a great management team and a good concept, and you stick to it, and you add to it over time."
— Stanley Druckenmiller
"The best startups might be considered slightly less extreme kinds of cults."
— Peter Thiel
"a properly designed culture often ends up looking cultlike in retrospect"
— Ben Horowitz
Those aren't my addresses
Address A transfers funds to Address B
chainanalysts blindly assume the same keyholders are behind Address A and B without any proof
chainalysis is highly speculative and often inaccurate guesswork
We traced @papertrade_xyz’ biggest loser to a $33M loan against 744,054 $HYPE two hours before @mlmabc did, and published everything except the name. MLM published the name: most likely @TechnoRevenant.
We had our reasons, and they are dated 26 Aug 2025.
The lore, for anyone who joined after @Plasma :
- 21:36 UTC. XPL pre-market on Hyperliquid, thin book. A wallet that had been loading since 24 Aug sweeps it, and XPL goes from $0.60 to $1.80 in minutes. Binance's pre-market barely moves.
- A 1x short is liquidated at roughly double its entry. Shorts from around $0.57 went between $1.10 and $1.20, and the wick ran 50% past that.
- 21:53 UTC. The same wallet starts selling, 17 minutes after its first buy.
- Open interest drops from $153M to $22M. MLM's count is $159M liquidated across 1,026 accounts. Analysts put the long side's profit above $46M and later clustered the wallets under one name.
- The named casualties were hedgers. chunibro posted a $1.5M loss on a 1x short. CBB posted $2.5M on a 1x short covering 10% of his XPL.
- No fund has confirmed a loss. One report has Nansen's Alex Svanevik flagging @SeliniCapital as the second-largest loss on the XPL board, in a post he then deleted.
Four days later @gametheorizing hosted Selini's Dim Selk on @0xSteadyLads, in an episode with a chapter called "DMs From The Whale".
- @HyperliquidX reported zero bad debt.
XPL marks $0.082 today, 95% below that wick.
So if MLM has the name right, the DJ who cleared a 1,026-account dance floor in one set is now paying cover at a 1000x paper casino: -$1.71M of trading, on $7.3M of borrowed money.
@TechnoRevenant, the attribution is MLM's and only the arithmetic is ours. 😉
We have all been dancing to techno ever since. 🫡
@Bl0ckchain@androolloyd@HypurrFi The hidden points was using it to borrow against your HYPE to buy more HYPE between $10-$59
then it wound down without a major exploit, thankfully
the frontend was briefly exploited, but I didn't see anyone get drained. It was only draining on ETH mainnet instead of HyperEVM
@loshan@0xJohannes_@ArtificialSham1 episode 172 of @DarknetDiaries covered this
big retailers like Currys, Mediamarkt, and Amazon inadvertently enable 3rd party vendors to sell compromised hardware through their stores
PSA the ledger incident isn't limited to Asia
This is a device purchased in store from an official reseller in Europe (a legitimate device doesn't have any of these cables as can be seen in picture 2)
This even seems to be an old version of the 'spy implant' even though the device was purchased a couple of weeks ago. The newer versions usually hide the implant by the screen so it's easier to miss
What's interesting is that this compromised ledger never transfered funds to an exploiter. Either the device didn't work or they were waiting for a more widespread usage of the comprised devices?
If you own a ledger that didn't directly come from the ledger online store make sure to not just rely on the software genuinely check by ledger but to actually open up the ledger yourself to make sure its original, again there are reported cases in Asia, south America and now Europe as well.
@MagicalTux made some useful videos on how to open the ledger and what to look for.