jkaykr
2.3K posts
Wait until a startup makes a small error by sending $500K USDC to the wrong address and Circle refuses to assist them further even after a law enforcement request.
This is the harsh reality the crypto ecosystem has faced for years when incidents occur.
Circle says they are builder friendly until it actually comes time to ask them to protect the interests of its users (Tether/Paxos are generally better in that regard)
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Today, Y Combinator is announcing that YC-funded startups can choose to receive their funding ($500k) in stablecoins.
We believe stablecoins like @usdc are setting the stage for a new fintech renaissance and broader global access to financial services. Sending money should be as easy as sending a text message. Stablecoins make that possible: cheap, fast, and global, using currencies people already trust.
Some of the fastest-growing YC startups in recent years like @get_aspora and @DolarApp use stablecoins to power faster, cheaper financial services across India and Latin America. Plus, with the passage of the GENIUS Act and growing adoption by financial institutions, we’re bullish.
Whether crypto-focused or not, we expect many YC startups to use crypto in some way, from payments to banking to capital raising.
If you’re building onchain, apply for our Spring ‘26 batch by Feb 9: ycombinator.com/apply
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Guess the correct score for Arsenal vs Man Utd
One lucky winner gets $100 in crypto
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@zachxbt @TroveMarkets To give money to someone called ‘unwise’ is truly telling haha
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@TroveMarkets For Trove victims here’s who was introducing themselves as its founder unwisecap during a side event at Token2049 in Oct 2025
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@JamesWynnReal @MEXC_Official @cecilia_hsueh That’s because you usually get liquidated. They love you.
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I have personally not had any issues with @MEXC_Official.
Dozens of times I have moved 7 figures in and out, never restricted or frozen.
The FUD and hate I see towards @cecilia_hsueh isn’t acceptable and from what I can see is just people jumping on the band wagon to engagement farm.
Don’t follow the crowd, use your own judgement and experiences.
- Wynn
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MEXC Update
On October 20th, I had a one-hour call with @cecilia_hsueh, who has publicly taken on the role of trying to resolve the @MEXC_Official issue.
I started the call with my camera on - something that apparently surprised her. I told her I had nothing to hide. I prefer to look people in the eye.
From the start, she used the classic corporate playbook.
She claimed she had “undeniable proof” I broke the rules - meaning, by MEXC’s own terms, the funds should be forfeited (a polite way of saying they get to keep them). She said she was happy to show this evidence to a third party…but that doing so would require doxxing me, and she “knew I wouldn’t want that.”
Then came the carrot:
She said MEXC “wants to resolve it” and “sees a path to unlocking the funds.”
But it quickly became clear that what they really wanted was for me to publicly admit I broke the rules - to validate their actions with my own words.
I asked her to tell me more about the supposed “evidence.”
She said back in April, they had records of two orders executed within the same second - which they deemed as not possible from a manual process.
Wait…April? When I was still testing strategies - and losing money?
Yet they didn’t freeze my account until the fall, after I made $5M in profit in 90 days?
I took a breath and told her very sincerely:
“I don’t know if you’re a parent. But I have two young daughters. And on all of the love I have for them I can promise you that I did not do what you're saying I did.
I used no bots, no automation. Every single trade was manual.”
I explained that VPN lag could easily explain two trades executing a single second on their side - doesn't mean they were sent from the same second on my side. She acknowledged the point but didn’t concede. We reached an impasse.
Still, she indicated MEXC was “open” to releasing the funds - if I helped them control the narrative.
It was obvious: they want me to say, “I broke the rules, but MEXC was nice enough to return the money.”
I told her I’d only ever speak the truth.
If the matter was resolved, I’d gladly make a public statement - but it would be based in reality, not propaganda. I can and do see how it's possible that my unique - manual - trading strategy, combined with laggy VPN internet traffic could potentially trip a risk review. I used to run a web2 empire - I know all sorts of things can trigger risk control and that sometimes innocent people get caught in the crossfire. What matters is how quickly the business resolves it.
I've never had an issue with being put under review. Taking months to even tell me what I'm accused of and finding me guilty on little more than mere suspicion? That I take issue with.
We did agree on one thing: their old “risk control” system - total radio silence, zero transparency, and endless review extensions - is broken. She even admitted that much.
We closed on a surprisingly cordial note. She complimented my understanding of the industry and even suggested I might make a good CEO candidate for one of MEXC’s new initiatives. I laughed and told her I’d never want to be a CEO again - but I’d gladly donate my time as an unpaid advisor to help MEXC fix their broken systems and improve customer experience…if their intent to improve was real.
The call ended with her promising follow-up in the next couple of days.
That was a week ago Monday. It’s now over 10 days later and still no movement on this issue.
Let me be clear: I never expected much.
Cecilia is new to the organization - perhaps even sincere - but ultimately captured by MEXC’s internal narrative: that they are the victims, and that once they define you as “in violation,” they’re justified in keeping your funds.
But here’s the part they probably didn’t mean to reveal - this public pressure has hurt them.
But my voice is not for sale.
Not for profit.
Not for peace.
Not for anyone.
They’ll just have to live with that.
🫡 From the depths —
The White Whale 🐋
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@eurofootcom Son playing in MLS is like watching B grade teams playing against middle schoolers.
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Iran just lost a huge chunk of their nuclear arsenal
Here are 3 ways they could raise money to rebuild:
->
1. Builder codes on Hyperliquid.
92 million people in Iran are cut off from the western financial system.
But Hyperliquid fixes that.
A state-owned Hyperliquid front-end would give Iranian citizens access to USD-denominated financial products *and* earn a fee on economic activity generated.
2. An HIP-3 market on Hyperliquid.
With 10% of the world's oil reserve, Iran is a leader in hydrocarbons & perfectly positioned to launch the first perpetual futures market for crude oil on Hyperliquid.
As deployer, Iran could earn 50% of all trading fees on potentially billions of dollars in volume from traders on Hyperliquid.
3. An HIP-1 spot deployment on Hyperliquid.
We've seen a few attempts at countries launching official memecoins (Argentina, Central African Republic) but none have been very serious.
An Iran memecoin that drives value back to token holders & attempts to create something lasting would print cash, coupled with Hyperliquid's nascent spot deployer fee-sharing model.
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