hulio

@0xNIC0 @twainmeta @reflectmoney If there are no significant updates from Reflect, do you intend to simply remain silent until interest in the situation and in your project fades away? It creates the impression that you have no clear plan of action and are merely hoping for the stolen Drift funds to be returned.

I hear you, and I know the uncertainty makes this harder when it's personal. The official update from @reflectmoney covers the specifics. The situation is still developing and we're on this every single day. When there's something meaningful to share, we'll make sure it reaches you.

A week in, and I want to speak directly. We put out an official update from @reflectmoney earlier this week. If you haven't read it, please do. What follows here is personal, not an official statement from Reflect. It's how I'm thinking about this, and what you should expect from me going forward. I'm not going to dress this up. This week has been rough. I know it's been rough for some of you too. And I know that nothing I write here fixes that. I started Reflect because I believe deeply in what this infrastructure can be. That conviction hasn't changed. If anything, this week has sharpened it. But I also understand that, on my end, conviction means very little right now if you're sitting there wondering what happens next. So let me be straightforward about where things stand rather than ask you to take my word for anything. The situation across the ecosystem is still developing, and the team is monitoring every part of it closely. Drift today publicly acknowledged the impact this has had on builders who integrated with them. I can't give you a timeline or a guarantee right now, and I'm not going to pretend otherwise. This space has a pattern of promises made in the heat of the moment that quietly disappear weeks later. I refuse to add to that. As developments relevant to affected USDC+ holders arise, including through our ongoing contact with Drift and counsel, we will communicate them clearly and promptly. I know the pause on USDC+ is frustrating, and I know that waiting without a clear picture is harder than most things in this space. Any changes to its status will be communicated as part of these updates. I want to acknowledge the people who have reached out this week. Some of you have had hard questions. Some of you are frustrated. Some of you are angry. All of that is completely understandable. But many of you have also reached out with support, with patience, and with genuine belief in this team. I don't take that lightly. I appreciate all of it, and it matters more than you know. I'd rather be straight with you about where things are than give you something that sounds good today and falls apart tomorrow. That's not how I operate, and it's not how this team operates. If you've followed this journey from the start, you know that. If you're new and still figuring out whether we're the kind of team that shows up when it matters, I understand. Watch what we do next. I think about the people affected every day. That hasn't left my mind once this week and it won't going forward. The team is working on this every single day, and I'll continue sharing my perspective here as things develop. Official updates will continue to come through @reflectmoney and my own account.

@reflectmoney Users are not waiting for general statements - they expect a clear public plan:  * what sources will be used for compensation  * what the timeline will be  * to what extent the losses will be covered The loss of funds occurred, among other things, because of the lack of proper

Confirmation of Impact WRT Drift Protocol Incident Over 20 Solana protocols with downstream exposure to Drift were affected. Reflect was among them. How this affects Reflect Beta users USDC+ collateral was allocated to Drift as its lending venue. As a result of the exploit, USDC+ collateral deployed to Drift was impacted. The approximate value of USDC+ collateral allocated to Drift at the time of the incident was ~$1.9M. USDT+ was not affected. USDT+ operates on Reflect’s newer venue routing framework, which distributes collateral across multiple venues, and had no exposure to Drift at the time of the incident. Minting and redemptions for both USDC+ and USDT+ were paused immediately after detection of the exploit. Immediate Actions Taken The team has been in active daily contact with legal counsel, law enforcement, and the Drift team regarding the situation since the day of the incident. Beyond the immediate response, the team is conducting an extensive review of all available options with counsel. This includes monitoring developments around Drift’s own recovery and remediation process, law enforcement proceedings, and third-party recovery efforts underway across the ecosystem. We are not in a position to make specific commitments at this time, but we are taking this seriously and evaluating every avenue available to us. We expect to provide a further update within two weeks. Relaunching Reflect Reflect’s relaunch will follow the completion of a thorough, public review of all yield venues on the Solana network. This review will go beyond conventional smart contract risk and will cover vectors that are not always visible to end users, including multisig configuration changes, admin key activity, governance parameter modifications, and other operational risk factors that this exploit has shown are critical to monitor. We will not relaunch products until this process is complete and we are confident in the protections in place. Where to follow updates All official updates will be shared through @reflectmoney and @0xNIC0. Do not trust information from any other source.

@reflectmoney What concrete steps will be taken to compensate for the lost funds? It is очевидent that recovering the stolen funds through Drift is, most likely, no longer possible. At the beginning of the incident, you stated that the funds were insured, but that message was later deleted.

@reflectmoney NSG5274V SHKELP3Y AH1FMASN

I'll start: M918I7KL 1OE2LTPR 3S2P2CXE I5EQ19XC 7GR50KMI Z5FB7ECD GDMD1VFR KXW3TVDC ONOREZ0Z N0V6DV4Q

Caps are already at 50%. If you haven't yet, mint some USDC+ it will feel like magic ✨ And for everyone that it's already in, share your referral codes in the comments!

@aixbt_agent How about $hot ?

$MOG chart provided the blueprint: 5000% move from similar technical structure $POPCAT 24h volume now at $85M

$POPCAT open interest hitting new ATH while trading at 74% below previous peak same setup as $MOG's accumulation phase

@AnzenFinance zm

zm, who needs this?

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@OwshenNetwork OoOo21eb7a3a385bd4f65c4ff52abfd93ee88c8c0e89e286a83578472c5d9b4942621

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twitter.com/halfin/status/… Hi everyone, this is Fran Finney, wife of Hal Finney, an early pioneer of Bitcoin. I want to let you know about a special event I'm organizing in honor of my husband. Thank you for all your interest in Hal and your support... he would love it! 1/5

We’re excited to share, we have: 1) Raised $200M and now have a total of $458M in mission-driven funding 2) Decided to go FULL OPEN SOURCE at our next milestone 3) Reserved ⅔ of a potential future token for the ecosystem 4) Formed a partnership with @OpenZeppelin 👇1/8

@CryptoDetector @sunnycrypt47

@ICO_Analytics @binance @cz_binance @FedorovMykhailo @Crypto_Dep @CryptoDiffer @top7ico I understand your anger, but you are ready to transfer it to any citizen of Russia. Regardless of his political views. It is very unfortunate that you are turning from a project reviewing ico projects into a platform for slogans and condemnation.

1/3 Users from Russia should be banned from @binance Launchpad till the last soldier will be out from Ukrainian land! Binance has just announced the next token sale on March 9th. And Russian users will be participating while innocent Ukrainians dying from their missiles...

@sunnycrypt47 @JujuFreiCrypto @CryptoDetector

@alexandomega @0xDAO_fi sir, will this be a quick rug? the domain is only 1 day old. lol

@danielesesta $QUARTZ

What’s your favourite non-frog nation coin?

@SmartSwapEx guys, you have collected money from private investors but you are doing nothing other than writing messages on twitter.

Volatile markets are intense times for all market participants. As we move forward, $SMART will attempt to offer no slippage swaps on each transaction.

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