Andrew Seb

Sources: arXiv paper 2602.15395: arxiv.org/abs/2602.15395 BNB Chain forum: forum.bnbchain.org/t/mev-in-bsc-i… GitHub issue #3218: github.com/bnb-chain/bsc/…

I write such pieces because I feel as UX becomes the competitive frontier for on-chain users, there are compromises on decentralization and creating single points of failure. For a long time, decentralization has been the main safeguard against control and security attack vectors. You can draw your own conclusions from this post.

Two companies built 96% of @BNBCHAIN blocks over a recent six-month stretch. You've probably never heard of them. You've been asked to trust them. When you use a private RPC like @PancakeSwap's MEV Guard, your transaction skips the public mempool and goes directly to builders. That generally protects you from public sandwich bots, and that part is effective (mostly). But here's the catch. Whichever builders receive your transaction can see it before anyone else. @48Club_Official and @BlockRazor_Inc (the duopoly) have publicly framed backrunning as harmless to users, meaning they capture the MEV your transaction creates after it executes, without degrading your trade. There's no on-chain way to verify that framing. There's also no way to know whether they're sandwiching, skimming, or doing exactly what they say, or the presence of a barrier to them doing so in the future. We're not being sandwich-attacked (probably). It's about being asked to trust an opaque system. Ethereum is structurally more open. Entry is permissionless, a relay layer sits between builders and validators as a checkpoint, and longer block times leave room for slower entrants to bid. BSC's whitelisted PBS and sub-second blocks hinder all three.

From what I see, if a MetaDAO project is priced below TVL and a liquidation proposal is raised, external investors are incentivised to liquidate the company, regardless of the company, just mathematically, and this will happen a 100% of time assuming there is indefinite, rational, external participants.

depends on the specific rules i think DAO voters effectively shutting down Ranger before they had a chance to build was a shame, not sure i like that dynamic makes the founders feel like they have a gun to their head from people who are already liquid/not long-term aligned (to be clear the ranger founders didn't say this was their feeling, this is just my own outside impression)

So Ranger Finance is officially dead - but the good news? Investors were actually able to recover funds instead of getting fully rugged. A few months ago, Ranger was one of the most hyped projects on Solana. Now? It’s gone for good - here’s what happened 👇 1️⃣ The Hype Collapsed Fast ✅ Ranger raised massive attention → Perps + DEX aggregation narrative → Huge MetaDAO ICO momentum → Investors committed ~$86M → Instead of the original ~$6M target ✅ But cracks appeared quickly → Much of the activity was driven by farming incentives → Community confidence collapsed fast ✅ Normally in crypto? → Team keeps treasury control → Investors have almost no recourse 2️⃣ @MetaDAOProject Changed That ✅ This wasn’t a normal token launch → Treasury control belonged to token holders → Not the founders ✅ Once trust broke down → The community voted to liquidate the project → Remaining treasury funds got returned proportionally ✅ Around ~$5M in USDC was recoverable → Instead of disappearing in hands of the founders 3️⃣ Important Insights for Solana Investors ✅ Most token launches still rely heavily on trust → Teams control treasury → Teams control revenue → Teams control ...XYZ ✅ MetaDAO introduced actual protections → Onchain treasury governance → Legal rights tied to project assets ✅ Ranger failed as a project → But the structure still protected investors → Far better than a normal ICO could ever do

@FatManTerra No one can stop these casinos anymore. They have too much money and influence.

The Rollbit crime group is threatening to sue me if I do not delete my tweets about them and post an apology.

I think this is very smart. I was actually worried if I should just stop developing on my main machine. This is a reasonable line of defense.

@pcaversaccio I think this is very smart. I was actually worried if I should just stop developing on my main machine. This is a reasonable line of defense.

i have updated all of my actively maintained repos that use npm packages in some form to only install package versions that have been published for _at least 7 days_ (this includes transitive deps as well); 7 days is currently my hope that will be enough to catch the some-dev-account-got-compromised-and-published-something-malicious as well as the more sophisticated worm hacks. anyone who currently does not enforce a min release age for deps of at least 3 days imho is simply irresponsible.

@durov Higher APR = Higher inflation?

TON is #1 in annual staking rewards among the 50 largest cryptocurrencies. That’s on top of the coin’s price growth, which doubled this week.

@CoconutLoco111 Thank you!

@AndrewSeb555 Greak breakdown brother 🔥

Really happy to see Durov take control of $TON again. I want to highlight though, that improving finality time comes at the expense of decentralization. Let's break down the concept a bit to understand it better. There are two things that define a blockchain - block time and finality time. Finality time means that the block is set in stone after being agreed by 2/3rd of all the validators. It is a very neat trick where block time can provide a good UX by confirming fast, which is perfect for smaller transactions. Users must wait for the finality time for big transactions so they are sure that such a transaction getting reverted by a bad actor is financially impossible. Something like ETH has a finality time of 12.8 mins with a block time of 12 seconds. Basically, this means that 2/3rd of the validators agree on that block being final after 12.8 mins. This is not a set time. The metric is contingent on 2/3rd of the validators voting for it. $TON doing it in 0.6 seconds means 2/3rd of the validators are able to confirm it within that time which means a high infra requirement for validators (or no smaller operators want to validate TON chain). Telegram stands for decentralisation but this metric makes it look very centralised. Block time, and not finality time, is used as a UX metric. Finality time is your security layer and a shorter finality time points at TON being a very centralised chain.

@uDegen_io @BNBCHAIN Huge!

uDegen is officially recognized by @BNBCHAIN 🧪 We are proud to announce that uDegen has been integrated into the official BNB Chain Developer Tooling Landscape. You can now find us in the 'Analytics & Dashboards' category alongside industry leaders like Dune and DeBank. This listing validates our mission: providing the most advanced uAI-driven insights for the global developer and trader community. Explore the ecosystem: 🔗bnbchain.org/en/dev-tools #uDegen #BNBChain

@SolanaFloor @LayerZero_Core This is just ridiculous

🚨JUST IN: @LayerZero_Core is facing opsec allegations after production multisig keys used to secure user funds were reportedly also used to trade the McPepes memecoin. LayerZero’s Bryan said the transactions were made by people who were part of the LZ multisig but have since been removed, while denying “memecoin trading” and saying it was OFT testing.

@coinbureau Yes, we were just waiting for a failing, non-technical fund manager whose flagship ETF has been bleeding for years to come out and lecture us all on exchange software glitches and market structure. Thanks Cathie, mystery solved. 😒

🚨CATHIE WOOD: BINANCE DID NOT CAUSE 10/10 FLASH CRASH "We know there was a software glitch but Binance did not trigger the October 10th flash crash. I want to make sure everyone understands that. We know it was not Binance."

@CoinbaseSupport Flag Bearers of decentralisation are stumped by the centralisation of the infra provider

On May 7th Coinbase experienced service disruptions. Here’s a quick summary of what happened: → Around 8PM ET, Coinbase systems flagged high error rates across multiple services. → We traced these errors to amazon failures in Availability Zone (use1-az4) in the AWS US-EAST-1 Region. → Coinbase systems are designed to be resilient to a single zone outage, and are designed to recover quickly if this happens. → In this case, we observed failures impacting multiple AWS zones, which caused an extended outage of core trading services. → Coinbase users experienced an extended outage while the AWS team worked to restore temperature controls and other Amazon Managed Services. This primary issue is now fully resolved - thank you for your patience. If you have any outstanding questions about your account, please reach out to Coinbase Support, we’re ready to help. Our team will conduct a full analysis. Details may change as our investigation progresses and more information is received from AWS’s official retrospective, once published.

@bridgemindai It is mind-boggling that you have given an AI Prod admin access.

Claude Code just stopped a DDoS attack on BridgeMind in under 10 minutes. 13 million requests per minute hitting our API. CPU pegged at 94%. Latency spiking to 60 seconds. Production was down. I opened Claude Opus 4.7 in Claude Code and said "fix this now." It identified the attack, scaled ECS from 2 to 8 tasks, tightened WAF rules from 300 to 100 req/IP, blocked the attack vector, and brought CPU down to 15%. Latency dropped from 60 seconds to 1.25 seconds. No DevOps team. No on-call engineer. Just one prompt. This is why I keep coming back to Claude Code.

@GivnerAriel The gambling floodgates have opened and now there's no way to close it. Gamblings companies will lobby it and ensure that it stays.

This bothers me so much. We already have a society addicted to gambling. This will only exacerbate the issue.

I take back what I said, this isn’t a gambling credit card. It’s worse. It’s a debit card where Tuyo has SOLE DISCRETION over the purchases that are “pay maybe” aka free for the user. Zero odds. Zero stats. Slot machines are more predictable. This one’s going to result in a whole lot of overdraft fees for Tuyo because inevitably people will get addicted and spend more than they should “because this one might be free!” Def a way to build smart spending habits!

@WuBlockchain You missed @Tessera_PE.

Recently, major CEXs have rolled out Pre-IPO assets, with SpaceX being the prime example. However, because they’re not interoperable, have different market makers, and different underlying assets, each platform now has its own price. Current prices: • OKX SPACEX perpetual: ~$2,000 • Bitget preSPAX: ~$680 • Gate SPCX: ~$600 • Binance Wallet Pre-IPO (PreStocks) SPACEX: ~$720

@StudholmeOne I think that's a good model to have. HALO companies - Heavy Assets, Low Obsolescence

Duolingo's share price dropped 8% this week after ChatGPT launched its language learning feature. This is why we only accept AI-resistant projects on FAIR.CLUB. If your moat can be replicated by a foundation model, you don't have product-market fit. You have borrowed time.

@lex_node @Pumpfun ICM mentioned

if you're bearish on crypto, maybe start paying more attention to the 'internet capital markets'/ICM category it started as a bit of a meme, but has evolved into something much more robust: -->@Pumpfun token projects giving tokenholders equity through asset-conversion-to-equity (ACE) -->@MetaDAOProject spawning decision-market-governed entities with community-governed funding from day-1, onchain algorithmic protections replacing cumbersome corporate law formalities, and guaranteed token-only model (equity interests legally prohibited) -->@umia_finance tokenizing 'agentic ventures' with unique crowdfund auction and valuation mechanics -->@MetaLeX_Labs's cyberRaise offering compliant onchain venture funding issuing tokenized securities all of these use @MetaLeX_Labs protocols somewhere under the hood, in different ways, showing the strength of cybernetic law as an essential part of internet capital markets!

@filip_solflare @ceterispar1bus I believe it is time to take this opportunity to move away from Houdini, based on what happens to the token holders. Moving away from DeFi ruggers is the best way to show that a DeFi product stands with DeFi believers.

hey, curious - do you think that we were privy to information that they're getting acquired in the first place or to the deal terms of their acquisition? Or even the timing of when it's going to happen or be announced? As for the post, it ties into something we are doing with Houdini at Accelerate - planned for months in advance, something we can't really turn off a day before the event itself.

i liked solflare but gotta uninstall it after they choose to partner with houdini after they rugged. solana eco needs ethics.