semicrypto

We’re sharing our completed post-mortem on the April 18th incident, prepared with @Mandiant and @CrowdStrike. We are publishing both an executive summary and the full report at the link below. Over the past four weeks, we’ve worked with hundreds of partners to help them understand their current security posture, and harden it where appropriate. We’ll continue this work, alongside taking additional proactive steps for the benefit of not only our partners, but also the ecosystem as a whole. We want to extend our thanks to our partners for their support and patience this past month. There’s a reason that over $12 billion has moved across the network in the past four weeks, and why the world’s most valuable asset issuers have stood by our side: they believe in us, in what the LayerZero protocol has to offer, and in the value of modular, isolated, application-controlled security. The work continues. And we look forward to continue showing up for the applications that trust us with their business, as well as the broader ecosystem. layerzero.network/blog/layerzero…

Why are some protocols targeted and others aren’t? Uniswap. Curve. Aave. Liquity… None of them are attractive targets for this kind of attacks, because compromising their signers can’t drain the protocol. Drift’s multisig could introduce new collateral. So the 6month plan was to: Compromise the signers → drain everything. Multisigs are fine for operational tasks, but they’re not fine when they control collateral introduction or core protocol upgrades. You can’t train your team to avoid a 6-month intelligence operation with $1M in real deposits and in-person meetings. But you can architect your protocol so it doesn’t matter if they succeed. Thanks for the transparency @DriftProtocol and wishing you all the best for the upcoming investigations 🤝 Let’s make DeFi safer together. - xerberus

@IncomeSharks Can you compare with previous major local bottoms? I have the feeling we can stay in extreme fear for quite some time until we reach the actual bottom

Every local bottom in the stock market has been marked by Extreme Fear levels, a high Put to Call ratio, and bearish headlines. Fear and euphoria are powerful emotions that will always override logic and convince you your gut feeling is smarter than 100 years of historic data.

@coinbureau Institutional dump incoming

🔥BLACKROCK: BITCOIN ETF HAVE LONG-TERM HOLDERS BlackRock says 90% of ETF investors are "long term buy and hold fundamental type investors" and steadily accumulating, with flows remaining positive despite the bear market.

@TrustlessState As a peaceful American, are you taking responsibility for reforming your own extremist government seeking domination? Or are you refusing to take responsibility and leaving the problem to the rest of the world?

This perfectly illustrates the problem peaceful Muslims leave the rest of the world: Half of Islam is extremist and seeks domination The other half refuses to take responsibility for reforming it

@ViktorDefi US unemployment parabolic rise in 2026 with Inflation flat slightly downwards in H1 and heavy decay in H2. Late H1 early H2 recession is declared retroactively to early/mid H1. Risk assets flat / slightly bearish until summer, when they crash to bottom in Q3/4.

Been reading a couple of predictions for 2026 by leading publications and firms, now I wanna hear yours. Comment with your most compelling prediction, thesis or forecast that will unfold in 2026.

1/ 🚀 Today we’re excited to introduce the Livepeer Foundation: a new, neutral entity stewarding the next phase of growth, decentralization, and ecosystem coordination across the Livepeer network.

@balajis @elonmusk Doesn't arbitrarily giving Elon Musk all powers at discretion go against the very core values of a network state, where rules are effective for all and the network is permissionless?

THE SPECIAL ELON ZONE (SEZ) There's a simple way to rebuild manufacturing in the US: just give @elonmusk control of a huge swath of land surrounding Starbase, Texas and allow him to set whatever regulations he wants. In more detail: 1) First, sunset the regulations. America has talent. What it doesn't have is friendly regulations, particularly in terms of labor and environmental laws. But President Trump and Governor Abbott of Texas can use executive orders to remove obsolete laws at state and federal level. And for anything they can't remove, they can direct state and federal police to exercise discretion in terms of non-enforcement. Think of Starbase as a "sanctuary city", but for innovation — using leftist tactics in reverse. 2) Then, allocate capital. With regulatory barriers down capital will likely flow freely. However, in the unlikely event it doesn't, then you can do government VC. Basically: Democrats gave $370B+ to John Podesta to waste on climate graft, so the precedent is already established. But Elon is a proven capital allocator. So have Treasury back up the truck to make Elon —or his designates — the #1 VC in America. Obviate all charges of conflicts of interest by giving the US itself a large stake in any company that's funded, with significant distribution of funds to Texans themselves, while also recognizing that of course Elon's contacts will include some of the most technically competent people in the world — and they'll be operating companies in the zone. 3) Ensure border security. Given the security risks Elon faces, he'll need border control. So you might designate the land surrounding Starbase to be a military base or something similar, so that he can fence it off and determine at his sole discretion who can enter. Similarly, ideally every single person in the zone has opted in to be there, so no one can complain about the pro-builder regulations. 4) Proceed at the speed of physics. Finally, with all man-made barriers removed in the form of regulation and capitalization, Elon and his designates can move at the speed of physics — not permits. Perhaps the single most important thing they could build would be mass-produced Tesla humanoids, which (if successful) could in turn build everything else. 5) Nail it, then scale it. Once there's traction, replicate the idea in other states, giving other proven founders like @PalmerLuckey their own special economic zones. I'm sure Florida and Ohio would want theirs after Texas proves it out. Basically, the idea of special economic zones has been proven around the world to unlock production. Since most of what you're doing is putting a line through regulations, it's cheap, fast, and likely to work. And if it does, you'll get more factories like this:

OFAC forced to cancel ban on Tornado Cash

@_RichardTeng That's not a tiger it's a lion, and they should be in the wild, not in houses. Cared to ask where did it get that nasty wound on the nose? I'd bet it was in the cage where it was transported to that house.

On July 31st 2023, Alchemix's $alETH synthetic was impacted by the now infamous Curve reentrancy vulnerability. Thanks to the help of the wider community we managed to claw back everything the hacker stole, but the hacker left a mess, with over 4000 alETH and ~0 ETH in the Curve pool, making a feast for MEV bots. The aftermath left our team demoralized, with our efforts to restore its price repeatedly stymied by the alETH lost to the MEV bandits. It has been a long recovery process to grind back up, requiring direct market action from our treasury, protocol mechanisms, and focused effort from our BD team. It is now getting close to being near it's price target of 0.99~ ETH, sitting at ~0.97 now. I thought it was over at times. I struggled with mental health that spilled over into chronic physical pain that I am still dealing with to this day. But thankfully, with the support of my team, my friends, and the @AlchemixFi community, we stuck it out and survived. Now I am filled with hope and excitement as our team is nearing completion of our upcoming v3 -- a revolutionary and innovative new version that will fundamentally change Alchemix and extend the reach and scope of it, along with introducing new DeFi primitives. It's still got a little more cooking to do and then audits and the like, but the light is at the end of the tunnel. As we get closer to launching it, we will share all the details, and I hope that you, too, will be as excited as I am for it. Thanks to everyone who has supported me and the team in our darkest hours. We aren't fucking leaving.

[ ZOOMER ] US COURT RULES SANCTIONS AGAINST TORNADO CASH SMART CONTRACTS UNLAWFUL

Congratulations @benjamincowen for the BTC.D call that you have been consistently following for almost 3 years now. Probably the only analyst out there calling for such an event. It's been a great journey following it along! I wish 60+% won't keep you up... At least tonight.

@Yeicrypto Hi

MKR has been down only since the rebrand announcement, losing 33% of its market price. Normally, this isn’t a huge issue. It’s just crypto being crypto. But Rune is borrowing against his MKR, and is now withdrawing large amounts from governance staking to shore up his positions

@SonneFinance I think I am missing something here. You are asking more money to affected users to get their fair share of the repayment? If a user decides not to buy your "repayment" token, they will not be entitled to any compensation? I think you should go for an extra brainstorming session.

1/ As many of you know, Sonne was exploited, leaving us with a $20M challenge to overcome. Since then, we’ve been working tirelessly to find a solution for the exploit victims, collaborating closely with Conclave (Byte Masons) and other key partners like Yearn, Vesper, AcryptoS, and more.

@benjamincowen 1 hour long.... you started making the video before posting the meme 🧐

#Bitcoin Dominance youtube.com/watch?v=szKMGs…

The US is already able to demix funds sent through Tornado cash, but Alex Pertsev is still in jail.

Decentraland twitter account compromised, please do not click any links