Tigsy

Following the meta, early on everything that doesn’t matter

[Tigsy @tigsyyyyy]

@AlexFinn Which agent/s give you the best privacy (not including self-hosted)?

[WIRE @wiretrading]

WIRE referrals are live.

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[Tigsy @tigsyyyyy]

1) What

[Tigsy @tigsyyyyy]

@Davissko_ @arc Wait until launch and there will be many bridges available

[Tigsy @tigsyyyyy]

@Arc mainnet in two weeks.

The new shiny thing may cause a capital rotation from RH chain....what will be the ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 of Arc?

[Tigsy @tigsyyyyy]

Without comment

[Tigsy @tigsyyyyy]

₿uy the dip

[Tigsy @tigsyyyyy]

₿uy the dip

[Tigsy @tigsyyyyy]

Genesis Charter allocations are starting to roll out.

If @standard_rsv has been on your radar, probably a good time to start paying attention. More wallets are being added ahead of mint.

[The Standard Reserve @standard_rsv]

We appreciate your support.

The first wave of Genesis Charter allocations is live. Check the site to view your status.

This round included active wallets across DeFi and NFTs, educators, and early supporters.

The list will grow rapidly, with more wallets added ahead of mint.

[Tigsy @tigsyyyyy]

@lobotomy_user You can switch the subscription to a new plan, then cancel the new plan within the 14 day cooling off period

[Tigsy @tigsyyyyy]

What is the intention you are expressing with this sell? My intention is to click the sell button and watch numbers go down

What asset are you selling to? Anthing but Monad

What will you use the sold proceeds for? A Lambo

[Tigsy @tigsyyyyy]

Is $300 trillion enough to retire?

[Whale Alert @whale_alert]

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 300,000,000,000,000 #PYUSD (300,086,017,940,552 USD) minted at unknown wallet

https://t.co/szjCFDBfBw

[Tigsy @tigsyyyyy]

@thehiddenmaze TL;DR of the TL;DR

[ElonTrades @ElonTrades]

The Oct 11 Crypto Crash — What Really Happened

TL;DR:

Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.

That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement.

It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover.

What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage.

1️⃣ The Setup

Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral.

Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability.

On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window.

2️⃣ The Exploit

During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere).

Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations.

Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress.

3️⃣ The Profit Engine

The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources.

As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom.

Timing, precision, and funding paths all suggest coordination.

4️⃣ The Contagion

Binance liquidations dumped BTC/ETH/ALTs into thin books.

Other exchanges mirrored the collapse through cross-market bots.

Market makers hedged across venues were forced to unwind everywhere.

Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral.

5️⃣ Who’s at fault?

Binance: design flaw + delay in oracle rollout = root cause.

Exploiters: executed and timed the manipulation, profited via external shorts.

Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else.

6️⃣ Aftermath

Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration.

USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations.

Bottom line:
A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath.

Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.

[Tigsy @tigsyyyyy]

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[Alexios @Alexi0s]

gm

me waiting for all the Hyperliquid users to realise the opportunity with @kintsu Points

[Stable @Stable]

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[Tigsy @tigsyyyyy]

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[Tigsy @tigsyyyyy]

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[Tigsy @tigsyyyyy]

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[Kintsu @Kintsu]

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The waitlist is now live.
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[0xSammy @0xSammy]

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