Reverse Engineer / Developer / Mostly Harmless
Joined February 2007
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Deniz Mert Edincik retweeted
I’m on my phone and don’t have a ton of time but figured I’d take a shot at addressing why I think we are indeed worth supporting…
The value we bring to the dapper ecosystem is offering tools / features that dapper cannot or prefers not to offer. Loans, sub $1 sales (not a technical challenge but certainly an aesthetic one), rentals, AD offers, bulk listing, etc. Importantly, Flowty is also the answer to the questions ‘what happens to my collectibles if dapper goes under? If I’m reliant on Dapper to persist for my collectibles to survive (for all intents and purposes), what do I actually own?’ as the only reasonable place to view / buy / sell Flow NFTs in the absence of dapper.
From Flow’s perspective, Flowty is important in that we offer essential services to nft collections that want to focus on content / community. Without flowty, any prospective nft creator must now also be committed to building out a full featured marketplace and, to the extent interested, loan / rental platform. In other words, the absence of Flowty makes Flow far less appealing to builders. All existing nft collections that don’t have a marketplace are left with nowhere to buy / sell. If Flow is ready to write off those collections and communities or build out their own solution, they can of course do so. But there is already a solution available.
Additionally, I believe Flowty as a permissionless, trustless, and decentralized platform is an important option to have for collectors with a crypto ethos who prefer not to rely on a centralized marketplace solution and to use non-custodial wallet options.
Finally, we are fully built to support non-dapper wallet transactions. Dapper balance dapper wallet are both incredible innovations with regard to ease of onboarding but are extremely limiting in terms of ensuring a flow of liquidity among 3rd party platforms. For an ecosystem rolling out defi initiatives, there are clear benefits to fewer guardrails and steps to moving liquidity around the ecosystem and from nft-centered platforms to defi platforms. There are also minimal use cases for the native FLOW token outside of Flowty loans and Flowty’s non dapper wallet marketplace.
Hopefully this all makes sense. Shooting from the hip and most definitely leaving some things out. You may read this and conclude Flowty is still not worth it but hopefully it at least provides an alternative perspective
May 14
I love Flowty and use it but if Dapper or Flow is the only life raft they will let it sink. Why would Dapper subsidize a secondary market that canibalizes its transaction revenue? Dapper should adjust the MP to allow sub $1 listings. It’s the only way. Othe projects are SOL.
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We bet big on Flow. All of our products – from NBA Top Shot, NFL ALL DAY, Disney Pinnacle, and CryptoKitties to our new slate of apps starting with @PeakMoney_ – are built on @flow_blockchain.
This weekend, our bet was tested in public with a serious security incident. An attacker exploited a vulnerability in the execution layer to extract millions of dollars before being stopped thanks to coordinated action across the Flow ecosystem.
What happened next is most important.
Validators worked together to halt the network within 30 minutes. The exploit itself was identified and fixed rapidly by the Flow core development team, working with community developers (shoutout @bluesign). Over the following 48 hours, the Foundation, bridge operators, exchanges, and ecosystem builders worked toward consensus on remediation. Partners pushed back on early proposals. The approach evolved with input. No single entity could force the outcome.
As of this morning, the network is fully operational on the Cadence environment with 99.9% of accounts fully restored and the rest being verified as we speak.
Why does this matter?
The entire thesis of Flow is safer rails for consumer finance: institutional-grade products accessible to people who shouldn't need a crypto education to not get wrecked. Security and process aren't features of that mission. They're core to the product.
This weekend tested whether that's real or marketing. Consumer accounts were protected, the architecture isolated the damage, and the decentralized process held under genuine pressure. The foundation is stronger for having been tested—and the products that actually deliver Consumer DeFi to mainstream users haven't even shipped yet.
Flow is live. Dapper users were secure throughout. Now the real work begins.
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Deniz Mert Edincik retweeted
27 Dec 2025
I just had a hell of a morning, but I couldn’t be prouder of our community and foundation team addressing this quickly.
Special thanks to @bluesign who had a tl;dr of the multi-step contortion comprising the hack by the time the caffeine hit my system. Much ❤️❤️❤️, my friend!
FLOW NETWORK INCIDENT: Forensic Fund Tracking Report
FindLabs is publishing the following analysis in collaboration with the
Flow Foundation's security and engineering teams, who conducted the
primary forensic investigation.
• INCIDENT CONFIRMATION
On December 27, 2025, an attacker exploited a vulnerability in Flow's
execution layer. The attacker then moved assets off-network — primarily
through bridges to Ethereum — before validators executed a coordinated
network halt.
Confirmed funds exited to date total approximately $3.9M, with forensic
analysis ongoing.
Critically, this exploit did not access or affect existing user balances.
All user deposits remain intact.
The vulnerability has been identified and isolated. A full technical
post-mortem will be published within 72 hours.
• ATTACKER WALLET (ETHEREUM)
0x2e7C4b71397f10c93dC0C2ba6f8f179a47F994e1
All confirmed exit transactions route through this address. Freeze requests
have been submitted to exchanges and stablecoin issuers.
• CONFIRMED EXIT TRANSACTIONS
The following exit paths have been identified and verified. Confirmed
funds exited to date: ~$3.9M USD equivalent. Forensic analysis is ongoing
and this report will be updated as additional transactions are identified.
CELER BRIDGE — 297.69 ETH
- 74.422 ETH — etherscan.io/tx/0xbf3f95b0fe…
- 74.422 ETH — etherscan.io/tx/0xe6f55f2048…
- 74.422 ETH — etherscan.io/tx/0x106b8db435…
- 74.422 ETH — etherscan.io/tx/0x9d6684f6f8…
DEBRIDGE — 479.35 ETH (includes USDC conversions)
- 49.359 ETH — etherscan.io/tx/0x2d347295a0…
- 151.781 ETH — etherscan.io/tx/0x1eae85eed6…
- 123.30 ETH — etherscan.io/tx/0x3b56718613…
- 14.932 ETH — etherscan.io/tx/0x9d6684f6f8…
- [ 10 additional transactions ranging 11-17 ETH each]
DIRECT WITHDRAWALS — 109.19 ETH
- 90.299 ETH (Binance) — etherscan.io/tx/0xcf20b2c7f7…
- 18.89 ETH (Binance) — etherscan.io/tx/0x6e5b6fb957…
RELAY BRIDGE — 39.44 ETH
- 39.44 ETH — etherscan.io/tx/0x6bc9883007…
STARGATE — 9.98 ETH
- 4.99 ETH — etherscan.io/tx/0x22a55360d2…
- 4.99 ETH — etherscan.io/tx/0x4378c69889…
WBTC — 9.8 WBTC (~$930K)
- 4.9 WBTC — etherscan.io/tx/0xe00dee9daf…
- 4.9 WBTC — etherscan.io/address/0x2e7c4…
PYUSD — 339K PYUSD (converted to ~261 ETH)
- 279K PYUSD — etherscan.io/tx/0x52580ac81a…
- 60K PYUSD — etherscan.io/tx/0xeb3f5cf061…
• ACTIVE LAUNDERING DETECTED
The attacker is actively attempting to launder funds through
privacy-preserving protocols:
THORCHAIN (ETH → BTC conversion)
- 250 ETH — etherscan.io/txs?a=0x2e7c4b7…
- 248 ETH — etherscan.io/tx/0x83099b48a4…
- 287 ETH — etherscan.io/tx/0x82276037a2…
CHAINFLIP (ETH → BTC conversion)
- 50.6 ETH — etherscan.io/tx/0x74330ac390…
- 258.14 ETH — etherscan.io/tx/0x6d250dc073…
- 258.82 ETH — etherscan.io/tx/0x3c18a6daf4…
• CONTAINMENT STATUS
✅ Flow network halted — no further unauthorized activity possible
✅ Exit transactions identified to date mapped above
✅ Freeze requests submitted to Circle, Tether, Binance, Coinbase, Kraken
✅ Forensic partners and law enforcement engaged
✅ User funds unaffected — exploit did not access existing balances
• NEXT STEPS
The protocol fix has been developed and is entering final validation.
→ Target restart: Within 4-6 hours, pending successful testnet validation
→ Next status update from Flow Foundation: Within 2 hours
→ Full technical post-mortem: Within 72 hours
This report will be updated as fund movement continues.
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There was a security incident on Flow this morning. About $3.9M exited before validators worked together to halt the network.
User balances and assets are not affected.
Your Top Shot moments, Pinnacle pins, and NFL All Day collectibles are safe. Products are paused during the halt, but everything is intact.
I helped start Flow and our products run entirely on it. This one is personal. The Foundation flagged the incident at 4:40 AM and we are working with the Dapper and Flow teams to resolve the situation in the safest and most expeditious manner possible.
The Foundation is targeting a restart within 4-6 hours, with updates every 2 hours. Follow @flow_blockchain for the official timeline and details.
Special thank you to @bluesign for helping find and lock down the source of the exploit in collaboration with the Foundation.
27 Dec 2025
Following this update from Flow, we want to make it clear that no Dapper Labs user balances or assets are impacted. Including the Dapper Labs treasury.
Dapper Platforms will be back online when the Flow network resumes normal operations, currently expected to happen in ~6 hours.
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Deniz Mert Edincik retweeted
12 Dec 2025
Great new tutorial by the Flow Tools team that shows how to run a fork of mainnet in the emulator.
It's so much easier to build DeFi apps this way. You can use real contracts and impersonate any account without risking funds!
developers.flow.com/blockcha…
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5 Dec 2025
Not your keys, not your coins
5 Dec 2025
@flowverse_ @flow_blockchain Official statement from Flow Foundation in response to Blocto Wallet suspending user access to their assets
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4 Dec 2025
@peakmoney_ can you explain what is happening here on 3.2 and 3.3? I am not much knowledgeable in defi. peak.money/assets/static/med…
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4 Dec 2025
from my layman understanding, to make 1.3 HF, I need to borrow $17400 ( buy & hold 0.6 BTC ). At end of the year I will have 1.6 BTC - USD interest ( let's say 10% $1740 ) which brings me to $72350.32 ( 1.56 BTC )
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Deniz Mert Edincik retweeted
3 Dec 2025
stakeandeggs.wtf just became more than a dashboard.
You can now stake on @flow_blockchain with straightforward payouts, easy stake management, and a clean way to browse nodes.
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Deniz Mert Edincik retweeted
19 Nov 2025
** IMPORTANT - ACTION REQUIRED IF YOU HAVE A @BloctoApp WALLET **🚨
⚠️Note: if you do not have a Blocto wallet, you can safely ignore the following*
Summary:
👉 Blocto (wallet provider on Flow) shared an update that they will be discontinuing some services on @flow_blockchain effective TOMORROW
👉 Blocto has said that all assets are safe and will remain safe
👉 We are still learning more but, unfortunately, it appears that this WILL impact users on Flowty who use Blocto - **we believe users will no longer be able to connect to Flowty with a Blocto wallet starting 11/19 (tomorrow night) at 7 PM PT**
👉 We are still gathering information with regard to the direct impact on Flowty users but do have some immediate recommendations:
1️⃣ Move Assets Away From Blocto ASAP. Options:
- (Flowty Recommended Option) Migrate your Blocto Wallet to a Flow Wallet (guide: core.flow.com/post/migrating…)
- Send ALL assets from your Blocto Wallet to another one of your wallets on Flow (list: flow.com/ecosystem#wallets)
2️⃣ Please share this message with any friends who may use Blocto on Flow / Flowty
3️⃣ Stay tuned for more updates from us and look out for updates from the Flow team
Resources:
👉 The message that the Blocto team shared with us is included in the attached two screenshots. We have shared the message in its original form for transparency. We do not have insight into discussions between Blocto and Flow.
👉 How to migrate your Blocto wallet to a Flow Wallet: core.flow.com/post/migrating…
👉 If you have any questions or concerns, please take a look at the FAQ in our Discord Announcements as a first step. If you still have questions, please open a support ticket in our Discord and we will respond asap.
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Deniz Mert Edincik retweeted
13 Oct 2025
Huggingface'teki Kumru 2B modelini denedim.
1 1 sordum bilemedi gibi yorumlardan siz de bıktıysanız LLM'lerin gerçek kullanım amacı ve gerçek bir kullanım senaryosunda durum ne anlatayım.
Legal tech projem için lokal olarak hukuki doküman redakte edecek bir sistem üzerinde çalışıyordum. Daha önce ne Huggingface'teki Türkçe NER modelleri ne de multilingual 7B parametreli modeller ile istediğim sonucu alamadım. İstediğim sonucu almak için multilingual LLM'ler ile 12-14B parametreye kadar çıkmam gerekiyordu ama Kumru 2B istediğim verileri redakte etmeyi başardı. Üstelik gayet makul bir VRAM kullanımı ile.
Teşekkürler @VNGRS.
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Deniz Mert Edincik retweeted
12 Oct 2025
🚀 Türkiye'nin İlk Yerli Dil Modeli: Kumru LLM açık kaynak olarak yayınlandı!
VNGRS tarafından sıfırdan geliştirilmiş 7.4B parametreli Türkçe dil modeli Kumru artık kullanımda!
Web sitesinden, Ollama ve LM studio üzerinden kendi bilgisayarınızda kullanabilirsiniz.
📊 Teknik Özellikler:
500 GB temizlenmiş Türkçe veri ile 45 gün eğitim
300 milyar token ile pre-training
8192 token bağlam uzunluğu
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Yerli yapay zeka modeli Kumru tanıtıldı.
📌 Kumru, tamamen Türkçe ile eğitildi ve tüm bilgisayarlarda çalışabiliyor.
📌 İstanbul merkezli VNGRS'in sıfırdan geliştirdiği 7,4 milyar parametreli LLM, tamamen Türkçe ön eğitime sahip ve 16 GB VRAM’li GPU’larda çalışabiliyor. Bu, Türkiye’de kurum içi yapay zekâ çözümleri için bugüne kadarki en ciddi yerli LLM (dil modeli) hamlesi.
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Deniz Mert Edincik retweeted
22 Sep 2025
Want to try out DeFi Actions on @flow_blockchain?
The easiest way is with the latest Flow CLI release.
Run one command and the Dependency Manager will set up the contract all dependencies in your project.
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Deniz Mert Edincik retweeted
7 Sep 2025
Alpha frontend is getting there. You can buy your ships and see them!
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Deniz Mert Edincik retweeted
5 Sep 2025
MEV was a bug. Then it became a business. Now it's a tax.
The original sin was letting transaction order affect state. That flaw turned into a gold rush. Front-running, back-running, sandwiching. Flashbots came along and said the quiet part out loud. Instead of fixing it, we standardized it. Now MEV is part of the protocol. Since the Merge, over 520,000 ETH has been siphoned through block builders. That’s more than 1.1 billion dollars extracted from users without their consent or knowledge.
Gas is not the real cost. The real cost is the value stripped before your transaction even confirms. You pay the validator. You pay the builder. You pay the bot that sees your trade and jumps in line. ESMA puts the MEV tax at 12 basis points on DEX volume. That sounds manageable until you scale it across time. Ethereum alone has cleared nearly a trillion dollars in DEX trades since the Merge. That’s over a billion in value bled out silently. One user lost 215,000 dollars getting sandwiched trying to swap 221k of stables. The chain did not protect them. It sold them out.
Rollups were supposed to fix this. Instead they opened new attack surfaces. Blobspace made spam cheap and revert-heavy search profitable. Some L2s now have double-digit failure rates on swaps. On Base, more than half of gas is consumed by searchers submitting junk. Two bots control 80 percent of that load. Users eat the latency. Sequencers keep the spread.
And that’s where the real pivot happened. Sequencing became a business model. One box. One API. One flow of uninterrupted rent. Base is estimated to be pulling 50 to 200 million dollars a year. Arbitrum and Optimism are clocking tens of millions. No competition. No governance. No accountability. Just raw capture at the infrastructure layer. If you own the box that orders transactions, you own the value in motion.
So when these teams say they will decentralize, ask when. Ask why. Because the incentives are brutal. Shared sequencers must coordinate, tolerate latency, split revenue, and fight for edges. Centralized ones do none of that. They operate in darkness, clear the block, and take the full cut. Nobody burns a cash cow voluntarily. Not unless the protocol forces their hand.
This is not temporary. It is not theoretical. It is the terminal state of the current design. One sequencer. One operator. Full vertical integration. MEV is the invisible VAT. You pay it every time you interact. You never see the invoice, but the balance clears instantly. And unless something breaks upstream, it will keep clearing. Forever.
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5 Sep 2025
how I feel about this as you may guess, is totally against, but also curious about supporting/against opinions of people who are much more experienced around me.
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Claw is life. @beezie is the best project on Flow right now in my opinion.
28 Aug 2025
To my followers. To homies I’ve spoken with for years now - meetups, voice calls, DMs.
My ask: if you want to support me, play the Beezie claw machine.
No bridging - use ETH, SOL, USDC, credit/debit. No more excuses. Otherwise please unfollow me 🙏
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Deniz Mert Edincik retweeted
28 Aug 2025
Q2 set records for Flow.
October’s Forte upgrade will take it even further.
Join @0xYoussef_, @doodlifts & @SeanPRobb for the live breakdown of the @MessariCryptoreport what’s next.
Live right now!
x.com/i/broadcasts/1vAxRQnQn…
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