Crypto Police on Chain ⛑

The major essence of crypto is decentralization. Take that away and you have just currencies.

The man who INVENTED modern AI just made a billion dollar bet that ChatGPT, Claude, and every AI company on earth is building the wrong technology. Yann LeCun won the Turing Award in 2018 for creating the neural networks that made AI possible. He spent a decade running AI research at Meta. Oversaw the creation of Llama and PyTorch, the tools that half the AI industry runs on. Then he quit. And raised $1.03 billion in a seed round. The LARGEST seed round in European history. $3.5 billion valuation before generating a single dollar of revenue. Bezos wrote the check. So did Nvidia. Samsung. Toyota. Temasek. Eric Schmidt. Mark Cuban. Tim Berners-Lee (the guy who invented the internet). His new company is called AMI Labs. And it's built on one thesis: Every AI company spending billions on large language models is wasting their money. ChatGPT, Claude, Gemini, Grok. They all work the same way. They predict the next word in a sequence. See "the cat sat on the" and predict "mat." Scale that to trillions of words and you get something that sounds intelligent. But LeCun says it doesn't UNDERSTAND anything. It can't reason. It can't plan. It can't predict what happens when you push a glass off a table. A two year old can do that. GPT-5 cannot. That's why AI hallucinates. It doesn't have a model of how the world actually works. It just predicts words. His solution? Something called JEPA. Instead of predicting words, it learns how the PHYSICAL WORLD works. Abstract representations of reality. Not language but physics. Think about what that means. Current AI can write your emails. LeCun's AI could design a car, run a factory, operate a robot, or diagnose a patient without hallucinating and killing someone. The CEO of AMI said it perfectly: "Factories, hospitals, and robots need AI that grasps reality. Predicting tokens doesn't cut it." And here's what's really crazy to me... LeCun isn't some outsider throwing rocks. He literally built the foundations that ChatGPT runs on. He knows exactly how these systems work because he helped create them. And after watching the entire industry sprint in one direction for three years, he raised a billion dollars to run the OPPOSITE way. No product. No revenue. No timeline. Just pure research. He told investors it could take YEARS to produce anything commercial. But they funded it anyway in just four months. Meanwhile OpenAI just raised $120 billion and still can't stop their models from making things up. Anthropic is building AI so dangerous they're afraid to release it. Google is burning billions trying to catch up. And the guy who started it all says they're all solving the wrong problem. Two Turing Award winners raised $2 billion in three weeks betting AGAINST the entire LLM approach. LeCun at AMI. Fei-Fei Li at World Labs. The smartest people in AI are quietly building the exit from the technology everyone else is betting their future on. Either they're wrong and the trillion dollar LLM industry keeps printing. Or they're right and every AI company on earth just built on a foundation that's about to crack.

A First Bank employee named Tijani Muiz Adeyinka worked on the electronic products team. His job gave him legitimate access to process reversals for customers. He used that access to credit merchant accounts with money that was not theirs. The fraudulent postings went to his wife's Zenith Bank account first. From there to 34 other accounts. Which then spread to 1,190 secondary accounts across multiple banks. By the time First Bank noticed and reported it to the Nigeria Police Force on March 25, 2024...the figure had grown from ₦12 billion to ₦40 billion. He was already on the run. Three court orders across Lagos and Jalingo were obtained to freeze accounts. Some of the money had already been converted to USDT through crypto traders. This is what insider fraud actually looks like in Nigerian banking. Not a dramatic hack. A staff member. A privileged function. No second authorization required. If your system allows any single person to trigger financial transactions without a second approval layer that is your vulnerability. Segregation of duties is not bureaucracy. It is what stands between your system and ₦40 billion walking out the door.

This isn't for Africans, there's a reason why we have the extended family, when your wife is due to deliver and after delivering, either she goes to her parents for a while or her parents send her younger sister or cousin to help The man has to be out there in full strength hustling so he can provide for the mother and child A man must focus on his duties NOT acting like a woman

They are racists and bigots until they're facing a life-threatening/dangerous situation or existential crisis

@CryptoZuuski @DriftProtocol @zachxbt He's good with Onchain analysis. Maybe they intentionally didn't involve him

@IsraelPMbah @DriftProtocol @zachxbt He probably has little or no experience with SOL related projects

@SlodyMachete @DriftProtocol Is there evidence to counter their statement? We have to take their word as it is till the truth is proven

@IsraelPMbah @DriftProtocol And you believed them?

An Open Message to the Leadership of X To @elonmusk and @nikitabier @X This is not a complaint from one user. This is the collective voice of genuine creators who today feel unsafe, unheard, and uncertain on X. Every day, accounts are suspended without clear reasons: Follow someone — risk. Post normally — risk. Engage actively — risk. The most painful part — “Restore your account” emails keep arriving, but the account is never actually restored. Example 1: @professorboost — Gmail repeatedly shows “restore,” yet the account remains suspended. Example 2: @AriaXCreator — this account completed full document verification, yet it was flagged as a bot and suspended. When @AriaXCreator submitted an appeal for unsuspension, the response came within one minute stating: “Your account will not be restored. This case will now be closed and replies will not be monitored.” A human review within one minute is practically impossible — this clearly indicates the decision was made by an automated AI system, not by a real person reviewing the case. These cases show the issue is not with users, but with the system. At the same time, we observe something very confusing about impressions. Adult-type content receives millions of impressions. Grok-related posts go viral instantly. Bot-like engagement patterns grow without friction. I even tested this myself — when I posted slightly adult-type content or Grok-related posts, the impressions were noticeably higher. But when I post normal creative content, the reach drops drastically. This clearly shows that the algorithm is favoring certain content patterns while ignoring genuine human creativity. It feels like the algorithm cannot recognize authentic human content. AI moderation seems unable to understand context, intent, and originality. Normal human behavior is being treated as suspicious: High engagement looks suspicious Fast growth looks suspicious Consistent activity looks suspicious Then comes the biggest issue — payouts. Earlier, the ad-revenue model and the simple $10 threshold made small creators feel included and rewarded. Small creators were happy because their effort felt recognized. Now, the system feels extremely uneven. Some accounts receive thousands of dollars, while many genuine creators remain below minimum payout for months despite daily effort. If payouts cannot be made fair for everyone, then either: Build a system where every creator meeting basic criteria can earn, or Pause the payout system until it becomes transparent and balanced. Right now, it feels like creators are working without clarity, without security, and without equal opportunity. This is not just a technical problem — this is a trust crisis. And these examples clearly point to failures in AI moderation that cannot distinguish real users from bots, and real content from pattern-based content. We respectfully request: Audit the suspension system Review AI moderation and the recommendation algorithm Manually review cases like @AriaXCreator (document verified) and @professorboost Make rules clear and transparent Balance impression distribution so authentic content can grow Create a payout system that feels fair to creators of all sizes Strengthen human review alongside AI systems We are not asking for special treatment. We are asking for fairness, clarity, and the freedom to create without fear. We love creating on X. Please make X a place where real creators feel safe, valued, and heard again.

Working groups and discussions are great, but recent exploits were not novel imo (I'm not talking about the method in which access was gained, be it phishing, social engineering, etc., but what the attackers were able to do after keys were obtained.) USR was an unlimited mint on a SERVICE_ROLE. Drift was a 2/5 multisig with 4 new signers and 0 timelock. So, I'd say the two aren't mutually exclusive. You need coordination AND you need to actually give a care about opsec, access controls, and privilege separation. Right now, too many teams treat risk/security as someone else's problem until it's everyone's problem. Crypto also has a penchant for reinventing the wheel. We love to rename things! But solutions for different threats already exist - CrowdStrike - Palo Alto - Wiz - etc We don't need to rebuild Web2 security from first principles. We need to adopt what works and focus energy on the stuff that's actually novel, which actually sounds like what @andrewhong5297 is describing here. AI and better tooling can make the technical stuff less intimidating, but only if there's a culture/standard around it

Just pray you don't see white profile picture someday. Love and bulb

@Punk_Monke If you read through, you'll know that anyone can fall for that. The hackers burned $1million just to earn their trust. They placed 7 figs on the table! This attack was sophisticated. Everything checked out. Only a slip up from the hackers would have prevented this

If you let an unauthorized person enter the bank vault and that person steals money it doesn’t matter if it’s a girl you just met or your mom. It’s still the same mistake, you’re still responsible, and your security system still sucks. This is just communication to make it look less stupid

Bruhhh! And the craziest part is this, anyone can fall for this. Absolutely anyone!

I'll probably get attacked for saying this, but every team in crypto should use this as an opportunity to slow down and focus on security. If possible, dedicate an entire team to it. I know how hard it is. There's an enormous amount of pressure to grow at all costs. Your runway will pressure you. Your investors will pressure you. Your token holders will pressure you. But you can't grow if you're hacked. Take time to stop what you're doing, stop stressing about growth, and audit your whole stack. Custody. Risk. Dependencies. Access control. Everything. The world will still be here when you get back. Focus on the safety of your users' funds above all else. In the long term, this is the most important requirement to grow.

@lindyhan @DriftProtocol By sharing their experience on social media, anyone who is wise will take note and necessary measures to prevent falling for the same hack. I believe they will mention names once the investigation is over

@IsraelPMbah @DriftProtocol And risk another hack? Perhaps they have privately informed mutual contacts that the team remembers. But how about those they may have missed out / forgotten.

@lindyhan @DriftProtocol Great line of thought… I believe they haven't been doxxed yet because they are trying to catch them red-handed

@DriftProtocol Shouldn't you dox this "quant trading firm" and their identities? LinkedIn pages, tg handles etc. If they've been around for months, surely the team members have "mutual contacts" that also interacted with other protocols and infiltrated them as well.

@0xr4z @DriftProtocol It could happen to anyone. Give them a break. Can't you see that they met multiple times in multiple locations and with a verifiable background, records and employment history?

@DriftProtocol So your excuse for getting hacked is your devs are incompetent and fell for social engineering?

@poorlydrNFT @DriftProtocol Or nahhhh

@DriftProtocol so am i gonna get my $20 $FARTCOIN deposit back or nah

@SlodyMachete @DriftProtocol They clarified that multisig wallets were cold wallets

@DriftProtocol wow you just openly admitted to using the wallets that control the entire drift program as hot wallets to do RANDOM SHIT downloading apps apps and signing random txs. How moronic do you have to be to be that lax with your security

@SheTalksCrypto @DriftProtocol Investigations are ongoing. • The persons involved are foot soldiers. They are probably working it up the ladder to find their boss. • Plus they are still persons of interest and they are building a concrete evidentiary case against them. Till they are done, no names for now

@DriftProtocol idk but u should have mentioned those people publicly

Oh boy! This is beyond social engineering. This is organized crime. Every crypto team should read this and take note. It can happen to anyone. Damn! $285m gone with the wind 💔