Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering. Est 30-120 min ish. Waiting for more precise ETA.
Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU. ๐
Sad to see even an OG #Bitcoin Core Developer lost 200+ BTC ($3.5 million). Self custody have a different set of risks.
We will try to monitor and see where we can help. ๐
I think the situation at @LastPass may be worse than they are letting on.
On Sunday the 18th, four of my wallets were compromised. The losses are not significant.
Their seeds were kept, encrypted, in my lastpass vault, behind a 16 character password using all character types.
@cz_binance The game to look at @cz_binance is https://t.co/U3mhXW8P2p / [ $ATLAS / $POLIS ]. This is a great game in development, one that was seriously affected by the market madness coming from FTX/Alameda Research dishonest practices @at_mwagner [ ]
Breaking: AAX, a derivatives exchange established in Hong Kong in 2019, suddenly announced that it would suspend all operations, including trading, withdrawals, etc. It will take 7-10 days to proofread and restore user assets. AAX's trading volume ranks in the top 20 in coingecko
At our company offsite this week with all the drama happening. Debating who is the bigger villain in crypto:
a) Do Kwon - $58b loss from UST & LUNA
b) SBF - $10b missing deposits in FTX
c) Su Zhu - $3.5b loss from borrowers
d) Alex Mashinsky - $2.8b missing deposits in Celsius
This $10b hole is massive. FTX won't get to this large of a hole on consumer deposits without committing large-scale fraud. Truly insane to appear as the good guy bailing out other companies just a few months back when own house is already in disarray. Stay strong everyone.
I see a new trend coming up which are the so called "Community VC's".
In this thread I'll explain what they are and how they work.
I'll also go over some basic aspects of seed/private investments I think everyone should be familiar with and some things to pay attention on โค๏ธ