beachmojito

Just trying to have some fun at crypto, just because the remedy is in the poison. Ex @ForesightVen partner

[Barchart @Barchart]

Owners of $39 Trillion of U.S. Debt 🚨

[beachmojito @wordsforgot]

@klimonchain Or wrecked again by algo

[beachmojito @wordsforgot]

CL market becoming increasingly more instituional- driven than retail driven

[Castle Labs 🏰 @castle_labs]

https://t.co/HPeLmpfvqR

[beachmojito @wordsforgot]

Does this looks like an infrastructure to tokenize the world?

[DBCrypto @DBCrypt0]

Drift Protocol just released their thread on the $280 million hack

It's worse than anyone thought too

There was no code exploit. It wasn’t a flash loan. It wasn’t even a traditional key theft.

Solana has a feature called "durable nonces" that lets you sign a transaction today but execute it days or weeks later

Sound familiar EVM critics? 😏

Think of it like writing a signed check and leaving it in someone's drawer until they decide to cash it.

The attacker used this to build a time bomb inside Drift's own governance system.

So I was wrong and Solana’s architecture did in fact play a role in this exploit occurring. Similar to how a hacker exploits approvals on EVM chains.

Here's how it played out:

March 23: The attacker sets up four of these delayed-execution accounts. Two are tied to real Drift Security Council members and two belong to the attacker.

At some point, the attacker tricks two of Drift's five council members into signing transactions they didn't fully understand.

Blind signing is something I have called out a lot and it is a major issue with many of these chains

Drift calls it "transaction misrepresentation” 🤨

But in reality they were socially engineered into signing their own robbery

Those signatures sat dormant for nine days!

March 27: Drift rotates its security council. New members, fresh setup. Doesn't matter. The attacker compromises two of the five new signers too.

April 1: Drift runs a routine test transaction. Sixty seconds later, the attacker cashes those pre-signed checks. Two transactions, four Solana slots apart. Full admin control.

Every withdrawal limit removed. Every vault drained.

$280 million. Gone.

Two out of five signatures is all it took 🤦‍♂️

But also clearly some major planning and patience for this elaborate attack

Blind signing
Durable nonces which function similarly to approvals
Poor key management
Insecure infrastructure

Everything worked as it was designed to work and this was just an incredibly well orchestrated and thought out attack

[beachmojito @wordsforgot]

@omeragoldberg is there any changes happened to this autoallocation functions after this attack?

[beachmojito @wordsforgot]

The most active person in crypto rn are hackers.

Please do not interact with tg @chelseajj, who literally sends message to everyone on the contact list

[beachmojito @wordsforgot]

@VitalikButerin This feels like 2018. But we are at 2026, where ETH is already dominated by ETHlink

[beachmojito @wordsforgot]

Hey please be aware that tg account @chelseajj623 is hacked, dot not interact

[beachmojito @wordsforgot]

@ThinkingUSD America’s finest entertainment: attention is all you need while the biggest transfer of wealth is happening

[beachmojito @wordsforgot]

@tokenterminal de-dollarization but globalization of stablecoins

[beachmojito @wordsforgot]

DXY vs BTC

Looks similar?

[beachmojito @wordsforgot]

Good to know he is the president of United States

[The Spectator Index @spectatorindex]

BREAKING: Trump calls on vessels to 'go through the strait of Hormuz and show some guts', adding that all of the Iranian navy's ships have been sunk.

[beachmojito @wordsforgot]

The opening of Horwaits' channel is like Schrödinger's cat now: the conclusion depends on the observer, which, I believe, is going to last longer than most people think.

[beachmojito @wordsforgot]

@OnodaCapital @0xSisyphus Good to know we are in 2026. Not 2021

[beachmojito @wordsforgot]

@GwartyGwart @mdudas I can’t believe this is where crypto twitter is bro.

You should touch grass more

[Binance Research @BinanceResearch]

Crypto and global liquidity have seen their longest-ever divergence, driven by AI disruption in the software sector affecting fiat counterpart dynamics. Historically, such gaps resolve within months. As software stabilizes, BTC’s return to its monetary attributes is a matter of when, not if.

[beachmojito @wordsforgot]

Mark

https://t.co/Uo8OjtU6fH

[beachmojito @wordsforgot]

Tech never builds moat, license does

Cryptoasset is dead. Cryptographic proof is live

https://t.co/9yvG75mZyp

[beachmojito @wordsforgot]

Bottom line: AI will change things.

But substitution narratives ignore history, institutions, and human behavior.

[beachmojito @wordsforgot]

This only means narrative has swung to panic mode

But this is only emotionally cathartic, not facts
https://t.co/JconEQmQCq

[beachmojito @wordsforgot]

Governments are slow, but not passive.

AI boosts profits and productivity will expand taxable business productive .

If inequality spikes, redistribution will follow. Politics won’t let demand collapse quietly.