Jonas Stark

3.3K posts

Jonas Stark

Jonas Stark

@jonasstarkx

Finding and writing about asymmetric bets in crypto and tech sector. Focus: verification, AI, infrastructure. Exploring what comes next.

Katılım Ocak 2021
1.1K Takip Edilen190 Takipçiler
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Jonas Stark
Jonas Stark@jonasstarkx·
This is the moment. For years, crypto chased speed, yield, and narratives — but ignored the one thing that actually matters: trust. Every few months, another protocol is drained. Not because code didn’t execute — but because systems trusted what they shouldn’t. Bridges mint value that doesn’t exist. Oracles report prices that aren’t real. Protocols accept collateral that was never there. We didn’t build a financial system. We built a house of assumptions. #Geeq is the shift. Not another chain. Not another token. A verification layer for everything crypto forgot to secure: • prove what happened • prove when it happened • prove it’s real No more blind trust. No more spoofable state. No more invisible risk.The next era of crypto won’t be about faster transactions. It will be about verifiable truth.And that’s why it’s time for Geeq. join the movement on @GeeqOfficial / t.me/GeeqOfficial be early to the verification layer.
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Jonas Stark
Jonas Stark@jonasstarkx·
Most people think crypto forces a trade-off: transparency or privacy But that’s the wrong model. You don’t need to reveal everything to be trusted. You just need to prove what matters. #Geeq enables exactly that: • keep data private • share only what’s necessary • attach cryptographic proofs to actions • verify identity, compliance, or transactions without exposing raw data So instead of “trust me” or “see everything,” you get: prove it — without revealing it That’s how privacy and trust can coexist. And that’s what crypto actually needs next.
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Jonas Stark
Jonas Stark@jonasstarkx·
He’s right — but it’s not transparency that’s the problem. It’s uncontrolled transparency. Public blockchains expose everything, while TradFi hides everything. Institutions don’t want either extreme — they want: selective privacy + verifiable truth That’s where #Geeq fits. • keep sensitive data private • but provide cryptographic proof that actions are valid • verify counterparties without revealing identity • prove compliance without exposing raw data So you don’t need to “trust” — and you don’t need to “see everything” either. This is the missing layer: privacy + verification, together. That’s how institutions actually enter crypto.
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CyrilXBT
CyrilXBT@cyrilXBT·
The reason institutions are not in crypto has nothing to do with regulation. CZ just told you exactly what it is. The CEO of Binance @cz_binance just said something most people in crypto did not want to hear. Blockchain is too transparent. And that transparency is the thing keeping institutional money on the sidelines. Think about what that actually means. The same technology that was built on the promise of radical openness is now too open for the entities that would make it go 10x from here. Whales do not want their moves on chain for everyone to see before they finish executing. Institutions do not want their positions publicly trackable in real time. They want the efficiency of blockchain. The settlement speed. The programmability. The borderless access. But they want the privacy of traditional rails. Right now they cannot have both. The protocol that solves this is not just a technical achievement. It is the unlock for the next wave of institutional capital into crypto. We are talking trillions sitting on the sideline waiting for this one problem to get solved. Whoever builds the privacy layer that institutions actually trust will not just win a market. They will define one. Screenshot this and come back in 18 months.
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Jonas Stark
Jonas Stark@jonasstarkx·
He’s right — but it’s not transparency that’s the problem. It’s uncontrolled transparency. Public blockchains expose everything, while TradFi hides everything. Institutions don’t want either extreme — they want: selective privacy + verifiable truth That’s where #Geeq fits. • keep sensitive data private • but provide cryptographic proof that actions are valid • verify counterparties without revealing identity • prove compliance without exposing raw data So you don’t need to “trust” — and you don’t need to “see everything” either. This is the missing layer: privacy + verification, together. That’s how institutions actually enter crypto.
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Miles Deutscher
Miles Deutscher@milesdeutscher·
The CEO of Binance ( @cz_binance ) just said something most people in crypto don't want to hear. The industry is "too transparent," and it's actually a huge problem. Institutions/whales don't want transparency - they want to benefit from blockchain's efficiency, whilst having the same privacy-preserving elements that traditional rails offer. Whoever properly solves this will be a big winner.
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Jonas Stark
Jonas Stark@jonasstarkx·
Investing in #Geeq isn’t about chasing hype — it’s about positioning for a missing layer in crypto. Right now, the biggest problems in DeFi are not speed or UX. They are trust failures: • fake or unverified collateral • broken bridges • manipulated data Billions are lost because systems accept inputs without proof. #Geeq targets exactly this gap: • a verification layer (not just another chain) • enables cryptographic receipts → prove what happened • ensures data integrity across chains • reduces systemic risk in DeFi, AI, and Web3 If crypto evolves, it must solve trust. If that happens, value shifts to the layer that provides it. That’s the asymmetric bet: not another app, but infrastructure every app may need. High risk, early stage but if adopted, it’s foundational.
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Jonas Stark
Jonas Stark@jonasstarkx·
Investing in $geeq isn’t about chasing hype — it’s about positioning for a missing layer in crypto. Right now, the biggest problems in DeFi are not speed or UX. They are trust failures: • fake or unverified collateral • broken bridges • manipulated data Billions are lost because systems accept inputs without proof. #Geeq targets exactly this gap: • a verification layer (not just another chain) • enables cryptographic receipts → prove what happened • ensures data integrity across chains • reduces systemic risk in DeFi, AI, and Web3 If crypto evolves, it must solve trust. If that happens, value shifts to the layer that provides it. That’s the asymmetric bet: 👉 not another app, but infrastructure every app may need. High risk, early stage — but if adopted, it’s foundational.
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Altcoin Daily
Altcoin Daily@AltcoinDaily·
“Bitcoin is the future.” Tell me what crypto to invest in and WHY. I’m ready to buy.
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Jonas Stark
Jonas Stark@jonasstarkx·
We built DeFi on a dangerous assumption: that collateral is real. But it isn’t always. It’s wrapped, bridged, rehypothecated — copied across chains without proof of origin. And protocols accept it as truth. That’s how systems collapse. Not from volatility — but from trusting what was never there. This is the collateral crisis. #Geeq is the answer. Not by adding more complexity — but by removing assumptions: • prove collateral exists • prove where it came from • prove it hasn’t been duplicated No verification → no acceptance. The next generation of DeFi won’t run on liquidity. It will run on verifiable collateral. And that’s why it’s time for Geeq.
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The DeFi Investor 🔎
The DeFi Investor 🔎@TheDeFinvestor·
The number of DeFi protocols affected by the rsETH exploit is insane. • ETH lenders on Aave can't withdraw • Lido's EarnETH vault has rsETH exposure • Hyperithm's mHyperETH vault has $3.5M exposure to rsETH • Borrowers on Morpho, Fluid, Aave, Loopscale, and Kamino are getting crushed by the surge in borrowing rates • Yuzu Money and Avant have massive sUSDe loop positions on Aave paying 90%+ borrowing APYs • Superform's SuperWETH vault has a small exposure to rsETH • Dozens of protocols paused their LayerZero infrastructure bridge And almost all major money markets on Ethereum supported rsETH as collateral. It remains to be seen how much bad debt each one will incur. But things are not looking good.
wale.moca 🐳@waleswoosh

Money is leaving DeFi at an unprecedented scale

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Jonas Stark
Jonas Stark@jonasstarkx·
We built DeFi on a dangerous assumption: that collateral is real. But it isn’t always. It’s wrapped, bridged, rehypothecated — copied across chains without proof of origin. And protocols accept it as truth. That’s how systems collapse. Not from volatility — but from trusting what was never there. This is the collateral crisis. #Geeq is the answer. Not by adding more complexity — but by removing assumptions: • prove collateral exists • prove where it came from • prove it hasn’t been duplicated No verification → no acceptance. The next generation of DeFi won’t run on liquidity. It will run on verifiable collateral. And that’s why it’s time for Geeq.
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Jonas Stark
Jonas Stark@jonasstarkx·
@duonine We have L2s, rollups, faster chains. But the missing layer is still: verification of truth Who verified the data? Who verified the counterparty? That’s the next battleground.
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Duo Nine ⚡ YCC
Duo Nine ⚡ YCC@duonine·
🚨 At what point do we also call Vitalik responsible for the mess in DeFi today? Vitalik's L2 roadmap has enabled bridge exploits, dogy LRTs like rsETH, and endless risk vectors. Much of this would have been avoided if most of DeFi was on Ethereum only. No wonder Vitalik did a U-turn to focus on Ethereum again and made its fees competitive, turning most L2s into redundant chains. The trip down the L2 lane has been a massive mistake with $300M lost only in the first four months of 2026 due to bridge exploits, with rsETH the largest! Vitalik took inspiration from the Cosmos L2 ecosystem which also died post Terra collapse which wiped $60 billion. Perhaps this latest confidence crisis in DeFi and the loss of trust in AAVE, its prime champion, will finally reform the space towards better foundations. I think DeFi will win, not AAVE. AAVE was just one of the steps into achieving that, albeit a very flawed one. Like, share, and follow @duonine
Duo Nine ⚡ YCC tweet mediaDuo Nine ⚡ YCC tweet media
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Jonas Stark
Jonas Stark@jonasstarkx·
Can we make DeFi safe again? Yes — but not by adding more audits or patching contracts. DeFi isn’t breaking because code fails. It’s breaking because protocols trust what they can’t verify. Fake collateral. Manipulated oracles. Bridged assets with no proof. #Geeq changes the foundation: • verify collateral is real before it’s accepted • cryptographic receipts for every critical action • provable ordering of events across systems • no blind trust in bridges or external inputs If it can’t be proven → it can’t be used. That’s how DeFi becomes safe again.
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Arjun
Arjun@neuralunlock·
This attack was more advanced than I expected. These are professional hackers and they are getting better by the day. At this point, regular audits are not enough. We need: 1) Regular cross-team security briefings to ensure every engineer understands the attack surface 2) Early access to newest AI models to stress test for cyber attacks 3) More frequent, highly incentivized bug bounties to find any and all vulnerabilities 4) Sharing of best practices and findings with other protocols to prevent similar attacks Security budgets need to go up and we need to be taking the maximum precautions.
LayerZero@LayerZero_Core

x.com/i/article/2046…

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Jonas Stark
Jonas Stark@jonasstarkx·
Crypto doesn’t fail because transactions don’t work. It fails because systems trust what they can’t verify. Fake collateral. Broken bridges. Manipulated oracles. #Geeq changes that: • verify what happened • verify when it happened • verify it’s real No more blind trust. Only verifiable truth. That’s how crypto becomes secure.
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StarPlatinum
StarPlatinum@StarPlatinum_·
We’ve already seen 50+ hacks and exploits in 2026 Over $1.6 BILLION stolen And it’s only April Here’s what’s happening: Kelp DAO got exploited today for $293M But this is not an isolated case. April alone has seen a cluster of 14 hacks totaling $600M+ in 2 weeks. And the pattern is getting worse. Kelp DAO: $293M drained via LayerZero bridge exploit Drift Protocol: $285M drained by North Korean Trezor phishing: $282M stolen via fake support and social engineering Step Finance: $40M lost after private keys were compromised Truebit: $26.4M exploit using an old overflow bug Resolv Labs: $26M stolen after AWS KMS keys were compromised Sillytuna (wrench attack): ~$24M stolen via real-life kidnapping and extortion. SwapNet: $13.4M drained through arbitrary call/input validation flaw. Saga EVM: $7M lost due to inherited bridge/precompile vulnerability. MakinaFi: $4.1M drained from Curve pool due to execution logic issues. Aperture Finance: ~$4M exploit in V3/V4 contracts similar to SwapNet. Solv Protocol: $2.7M lost via ERC-3525 reentrancy bug. Radiant Capital: $2.6M exploit, part of February’s losses. Hyperbridge: attacker minted fake bridged DOT worth ~$1B, extracted ~$237K due to low liquidity. Rhea Finance: $7.6M–$18.4M stolen using fake collateral pools to trick the oracle. Grinex: $15M stolen from centralized exchange hot wallet, operations suspended. BSC TMM pool: $1.67M drained via reserve manipulation. TMX: $1.4M exploit using LP mint/unstake loop. Aethir: $423K lost due to access control vulnerability. Dango: $410K stolen through logic flaw in bridge aggregator. Silo Finance: $392K lost due to misconfigured oracle. Zerion Wallet: ~$100K lost after DPRK-style social engineering attack. SOF / LAXO: small exploits (<$1M) using flawed burn mechanisms. MONA: ~$61K lost due to burn address accounting bug. CoW Swap: frontend DNS hijack, users redirected to phishing site. 20+ smaller exploits: ~$50M combined across minor contracts, bugs and rugs. Breakdown of how this is happening: ~45% from private key / infra compromises ~25% from oracle / logic exploits ~15% access control failures ~15% social engineering and real-world attacks Smart contract bugs are actually DOWN. But attacks are UP. Because: humans are now the weakest point The attack surface is expanding faster than defenses. And at this pace: 2026 could easily go past $3 BILLION in losses Stay safe
StarPlatinum tweet media
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Jonas Stark
Jonas Stark@jonasstarkx·
This wasn’t just a “hack” — it was a design failure. A 1-of-1 validator = a single point of failure. That’s not decentralization. That’s a hot wallet with extra steps. How it could’ve been avoided (Geeq lens): Multi-validator consensus (real, not cosmetic): Not 1/1, but independent, adversarial validators where compromise of one does nothing. Proof of honesty, not just signatures: Systems like Geeq don’t just ask “did a validator sign?” They ask: can this action be cryptographically proven to be correct? No blind minting authority: The core issue: unbacked assets were minted based on trust. In a proper design, minting requires verifiable state + cross-checks, not validator permission alone. Receipts > assumptions: Every state transition should produce a verifiable receipt that can be audited independently — not just accepted because a bridge says so. Remove “trusted bridge” model entirely: Bridges fail because they translate trust. Geeq’s approach is to eliminate trust dependencies, not shuffle them around.
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Jonas Stark
Jonas Stark@jonasstarkx·
Most people enter crypto at peak hype. Few enter when sentiment is dead. But asymmetric returns come from: low attention + high potential. The hardest trade is buying what nobody cares about.
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Jonas Stark
Jonas Stark@jonasstarkx·
You don’t fix trust by moving it you fix it by verifying it. Off-chain systems still rely on: • trusted operators • opaque execution • unverifiable state That’s just TradFi with new branding. #Geeq takes a different path: Keep execution flexible (on or off-chain) but make outcomes cryptographically verifiable • receipts that prove what happened • ordering that proves when it happened • validation that proves it’s real Trust shouldn’t depend on where it runs. It should depend on what can be proven. That’s the future of DeFi.
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boot
boot@lowercaseboot·
What if we took DeFi off chain?
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Jonas Stark
Jonas Stark@jonasstarkx·
@ComplicatedIsOK thanks a lot Stephanie. Timing of Geeq is perfect as crypto needs an urgent paradigm shift. Happy to be part of it.
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Jonas Stark
Jonas Stark@jonasstarkx·
The real risk in DeFi isn’t volatility — it’s fake collateral. Assets get bridged, wrapped, rehypothecated… and protocols accept them without proving they actually exist. That’s how billions get drained. #Geeqfixesthis • verify collateral is real • prove origin across chains • no blind trust in synthetic assets If it can’t be verified, it shouldn’t be collateral. #DeFi #Crypto
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Jonas Stark
Jonas Stark@jonasstarkx·
A friend asked me: Can we make DeFi safe again? Yes — but not by adding more audits or patching contracts. DeFi isn’t breaking because code fails. It’s breaking because protocols trust what they can’t verify. Fake collateral. Manipulated oracles. Bridged assets with no proof. #Geeq changes the foundation: • verify collateral is real before it’s accepted • cryptographic receipts for every critical action • provable ordering of events across systems • no blind trust in bridges or external inputs If it can’t be proven → it can’t be used. That’s how DeFi becomes safe again.
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Jonas Stark
Jonas Stark@jonasstarkx·
Yes — but not by adding more audits or patching contracts. DeFi isn’t breaking because code fails. It’s breaking because protocols trust what they can’t verify. Fake collateral. Manipulated oracles. Bridged assets with no proof. #Geeq changes the foundation: • verify collateral is real before it’s accepted • cryptographic receipts for every critical action • provable ordering of events across systems • no blind trust in bridges or external inputs If it can’t be proven → it can’t be used. That’s how DeFi becomes safe again.
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Smerfik
Smerfik@0xSmerfik·
Can we make DeFi safe again?
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Jonas Stark
Jonas Stark@jonasstarkx·
Crypto is learning the hard way: Neutrality without verification = attack surface. We don’t need pauses or limits. Those are patches. Only verifiable states are accepted Invalid collateral can’t enter Every transaction has a proof (receipt) Not: Detect → Pause → Patch But: Verify → Reject → Continue SECURITY > NEUTRALITY is evolution.
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koeppelmann
koeppelmann@koeppelmann·
As much as it pains me, but for the things I have influence over, I will switch to the default: SECURITY > NEUTRALITY A “pause everything” function? A daily limit? An extra safety-net layer that every transaction has to pass through before being processed? Yes!
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