Joined December 2012
81 Photos and videos
17h
Today it's age/id verification for social networks. Next year it'll be scanning of phone contents. After that we're getting VPN bans. Then comes requirements to only let operating systems run authorized software. We have to fight them every step of the way.
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The EU makes it a point to lose on tech, by being a leader on regulation. GDPR ePrivacy AI Act Data Act DSA DMA CRA NIS2 MDR/IVDR national implementation differences. You need a founding compliance officer at this point.
You don't realize how scary not having any economic growth is until you realize everyone around you is get richer Europe's GDP per capita in 2030 is $50,590/year even less than it is now US GDP per capita meanwhile will have grown to $108,660/year More than twice as rich!
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May 17
This is why Monolith governance minimizes. Nobody can touch your funds except redeemers and liquidators under the conditions explicit in the protocol.
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0xmt retweeted
hey fam, I'm earning 5.6% on my collateral, paying 0% interest and earning 11% on my debt, and having my debt self-repaying gradually over time.
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Apr 6
So important to guard any possible malicious profitable actions behind vetos, timelocks and token votes. At Inverse we have privileged msigs, but they can only: - Emergency pause or restrict behaviour - Act within bounds set by token votes
Tbh I think the attack surface from compromised access controls is what made the team targets. At the risk of sounding like a preacher, do you know which teams are not likely targets of these kinds of attacks? Uniswap. Curve. Liquidity. Sky. Aave. If the Liquity, Sky, or Aave teams could introduce new collateral with a multi-sig, they too would be targeted. If Uniswap’s or Curve’s pools could be upgraded with a multi-sig, they too would be targeted. Multi-sig usage is okay in certain cases, but not when the attack surface includes the introduction of new collateral which can drain the protocol.
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0xmt retweeted
We are aware of the Resolv/USR exploit. At this time, Inverse Finance's exposure has been fully contained. A full account of what happened and where things stand: A compromised Resolv operator (to be confirmed) approved the minting of ~$80M USR against $200K in USDC collateral. USR depegged sharply, creating downward price pressure on the DOLA/wstUSR LP and a brief secondary DOLA depeg on DEX markets. The RWG acted swiftly in pausing the wstUSR-DOLA FiRM markets within 15 minutes of the initial exploit. FiRM had active borrowers carrying ~$10M in DOLA debt against looped wstUSR-DOLA LP positions. Liquidators brought these position to zero. Remaining bad debt: $340,060 DOLA. DOLA's broader collateral base is not materially affected. The $340K event is contained and will be covered. Resolv has paused all redemptions while developing recovery plans. We will continue to monitor as the situation develops.
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0xmt retweeted
This is NOT an @InverseFinance exploit, but an issue with LlamaLend. The exploiter liquidated practically all users who supplied sDOLA and borrowed crvUSD on Llamalend. He did a 'donation attack' on sDOLA, moving it from ~1.188 sDOLA = 1 DOLA to ~1.358 sDOLA = 1 DOLA. We don't understand yet how this actually liquidated users. It's clearly unintentional behaviour, the value of your collateral going up should move you further away from liquidation, not closer. The secondary effect on sDOLA lasted, so anyone holding sDOLA (and not leveraging it on LlamaLend) is now up approx. 14%. DOLA is actually trading at attractive levels, almost a 1% discount - consider repaying your DOLA debt cheap. Here is the exploit transaction: app.blocksec.com/phalcon/exp… Exploiter: debank.com/profile/0x33a0aab… Funded and deposited back to Tornado, clearly a blackhat.
ALERT! Our system detected a suspicious transaction targeting @InverseFinance's contract on Ethereum a few hours ago, resulting in ~$240K in losses. The incident appears to involve a DOLA price manipulation that forced multiple users into liquidation. We have contacted the team but have not yet received a response. As it is unclear whether additional users may still be affected, we are withholding further technical details at this time. Please take immediate action if you are exposed. 🟦 Found by #PhalconSecurity, 🟦 Analyzed via #PhalconExplorer.
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Feb 6
We're living through one of the greatest institutional trust collapses in history and you're bearish tech that makes trust assumptions irrelevant?
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Feb 3
Am I wrong or is this just a highly suspect way for Musk to get a larger % stake in SpaceX before IPO? Assuming Musk's controlling stake in xAI was larger than his 42% stake in SpaceX
SpaceX just acquired xAI, which has one of the wildest 3-year corporate timelines ever:
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0xmt retweeted
SpaceX just acquired xAI, which has one of the wildest 3-year corporate timelines ever:
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0xmt retweeted
Jan 29
Replying to @llamaonthebrink
Are there any non-public companies that can afford to keep training frontier models if scaling doesn't start tapering off? You'll end up needing more money than God, and it'll only be megatech co's, the US Gov and CCP that have that kind of dosh.
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Jan 8
may you live to monitor the situation (ancient chinese curse)
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0xmt retweeted
daira is an og, a principled proponent of human freedom. as opposed to the waves of crypto tourists, who have flooded the space with stuff like '99999x pump fun' or 'state endorsed hedgefund eurodollar'.
People will watch this Zcash video, see the massive jail sentences for zk-protocol founders, see the price go up 20x in the past months and still think “let’s buy some $ZEC ”. What could possibly go wrong, right?
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27 Sep 2025
Once DeFi is fully entangled in the US financial system, big banks and US law makers will have full control of the network. We need full stack privacy or competing major powers to take a stake in the network to remain credibly neutral.
INTEL: SWIFT is developing a stablecoin and onchain messaging system in collaboration with Linea
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4 Sep 2025
I'm joining the winter 2025 YC batch with this revolutionary new living concept.
3 Sep 2025
Flock Safety currently solves 700,000 reported cases of crime per year, which is about 10% of reported crime nationwide And they're just getting started
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30 Apr 2025
$25M earning real yield on-chain 🥳🎉
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0xmt retweeted
28 Dec 2024
is there a marketplace available for protocols to book solo auditors? … and if you are a researcher, here’s a follow-up: How do you manage your live findings in protocols who don’t participate in bounty programs such that they are verifiable by future prospective clients?
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14 Nov 2024
Just real on-chain flows, no RWA in sight.
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7 Nov 2024
I wish I could show just how much our internal security process has improved and how much it continues to improve. Anyways, bad debt is being repaid at a rate of $12.5k a day, and in a bullmarket that's only going to accelerate.
6 Nov 2024
Replying to @eldarcap
7/ The only reason that $INV is not trading at a $100M valuation currently is the previous exploit and the resulting bad debt. But if you follow the protocol, you understand the current @InverseFinance trajectory.
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0xmt retweeted
31 Jul 2023
Replying to @intocryptoast
If you answered yes above, should solidity disable reentrancy by default?
0% Yes, contract wide
17% Yes, for the function
17% No
67% Results
6 votes • Final results
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