Michael LeSane retweetledi
@EliBenSasson The next decade belongs to chains that treat security and UX as the same problem.
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Michael LeSane
166 posts
Michael LeSane
@lesaisne
Software developer, musician, avid contrarian, unapologetic scatterbrain. @GraphAdvocates @AccumulateHQ | Alum. @LagrangeDev @MessariCrypto
Austin, TX Katılım Temmuz 2017
1.1K Takip Edilen345 Takipçiler
Michael LeSane retweetledi
The only reason for crypto to exist is to rebuild institutions natively on the internet.
Our failure to do so is the only reason people legitimately don’t care.
Better trading systems & more revenue does not dig us out of that hole.
Courage to solve the big problems, May.
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Michael LeSane retweetledi
Expect many smart contracts with source code closed to be hacked. Decompilation in the age of AI is easy
Blockaid@blockaid_
🚨 Blockaid's exploit detection system has identified an on-going exploit on TrustedVolumes (1inch market maker / resolver, @trustedvolumes ). Chain: Ethereum Victim contract: TrustedVolumes resolver — 0x9bA0CF1588E1DFA905eC948F7FE5104dD40EDa31 Exploiter: 0xC3EBDdEa4f69df717a8f5c89e7cF20C1c0389100 Exploit tx: 0xc5c61b3ac39d854773b9dc34bd0cdbc8b5bbf75f18551802a0b5881fcb990513 Total extracted so far: ~$5.87M (1,291.16 WETH + 206,282 USDT + 16.939 WBTC + 1,268,771 USDC). Same operator as the March-2025 1inch Fusion V1 incident; this is a different vulnerability, in a TrustedVolumes-controlled custom RFQ swap proxy (0xeEeEEe53033F7227d488ae83a27Bc9A9D5051756). More details will follow.
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Michael LeSane retweetledi
Uncollateralized lending in crypto is either:
1. A revolution in credit primitives
2. A fancy word for exit liquidity
The difference? Real identity infrastructure
Without it, you're just hoping humans behave onchain like they do IRL
Spoiler: they don't
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Michael LeSane retweetledi
Novel use cases for public blockchains, smart contracts, and data.
x.com/i/spaces/1nAKE…
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Michael LeSane retweetledi
Fragmentation of chains is great for interoperability protocols.
Now that Tether, Circle, & Stripe are all building different payment L1s, it is increasingly unlikely that we will have one globally-dominant payment L1.
As a result, interoperability between payment chains becomes necessary.
- Interoperable addresses of the form "address@chain" (e.g. ERC7930) will become the (de facto) standard
- Native interop supported by chains or asset issuers and externally-supported interop, like intent or solver-based bridges, will continue to improve.
A chain will then resemble a bank or mail server more than a vertically-integrated walled garden like web2 social & e-commerce platforms.
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Michael LeSane retweetledi
It's unfortunate, but also highlights why DeFi and zero-knowledge proofs is the future. Users shouldn't have to hand over their data to transact, only share proofs when necessary. As an industry, we're not there yet, but that's the north star.
Vladimir S. | Officer's Notes@officer_secret
COINBASE DATA LEAK! @coinbase : Cyber criminals bribed and recruited a group of rogue overseas support agents to steal Coinbase customer data to facilitate social engineering attacks. These insiders abused their access to customer support systems to steal the account data for a small subset of customers. We will reimburse customers who were tricked into sending funds to the attacker. We’re cooperating closely with law enforcement to pursue the harshest penalties possible and will not pay the $20 million ransom demand we received. Instead we are establishing a $20 million reward fund for information leading to the arrest and conviction of the criminals responsible for this attack.
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Michael LeSane retweetledi
Just revealed: FinCEN explicitly told prosecutors Samourai Wallet wasn't a money transmitter due to its non-custodial design; DOJ prosecuted developers anyway, suppressing exculpatory evidence for a year.
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Michael LeSane retweetledi
Michael LeSane retweetledi
@paulsnx2 on Ep. 1 of @CredNeutralPod, a CryptBit Magazine prod., with @lesaisne, discusses evolving Factom into @accumulatehq for better data encapsulation & security.
soundcloud.com/credibly-neutr…
Highlights: AI integration, account abstraction, URL-based architecture. Predicts multi-chain future with Bitcoin as value system.
accumulatenetwork.io
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Beginning production on a new program.
Many thanks to Paul Snow for taking time to share his extensive experience and perspective as a perennial builder.
Credibly Neutral Podcast@CredNeutralPod
In this inaugural episode, I had the opportunity to speak with @paulsnx2 of @accumulatehq .🧵 soundcloud.com/credibly-neutr…
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Michael LeSane retweetledi
Bitcoin is currently being used for non financial transactions to a massive degree
49% the UTXO set is sub 1000 sat outputs
43% of transactions in the past 2 weeks had an OP_RETURN or were inscriptions
Don't shoot the messenger
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Michael LeSane retweetledi
The full draft of the STABLE Act of 2025 was released yesterday. Thread will a few takeaways below
No yield-bearing stables
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Michael LeSane retweetledi
Michael LeSane retweetledi
If the point to asset tokenization is liquidity, why can asset tokens only exist on a single marketplace at a time?!! Accumulate has the solution to this problem.
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Michael LeSane retweetledi
Simplifying Crypto Custody with Accumulate
Managing customer funds is no easy task for businesses. It often brings legal complexities and challenges in balancing security with compliance.
That’s where Accumulate steps in.
With its innovative Account Abstraction technology, Accumulate transforms how custody works:
Effortless Control: Securely wrap tokens from any blockchain.
Delegated Authority: Hand over control when needed without compromising security.
Imagine having a system that’s as flexible as it is secure, giving businesses peace of mind while meeting all the necessary regulations.
Accumulate makes managing crypto custody simpler, smarter, and safer—so businesses can focus on what really matters.
Visit our website:
accumulatenetwork.io
Ready to take control?
#Accumulate #Blockchain #DAOs #Decentralization
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Michael LeSane retweetledi
Michael LeSane retweetledi
Imagine the questions asked at this incubation session. 😂
Jokes aside, many thanks to @CryptoHayes for coming, and investing in the industry together. 🙏🔥
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Michael LeSane retweetledi
🚀 Big announcement! The CryptoBit Magazine team is heading to #Devcon in Bangkok, Thailand, from November 12-15, 2024, and we’ll be in the area from November 7-16!
We’re excited to meet leading #Blockchain projects in person as we work on our first quarterly issue of the magazine! Our mission is to push high-quality projects to the masses by highlighting them through our platform.
Let’s connect during the event, and we can schedule a future Zoom interview to feature some of the biggest voices in #Crypto!
🎤✨ Want to be featured? We’d love to chat at Devcon!
We can't wait to meet you at the event! 🙌
Feel free to DM us or contact our founder directly on Telegram to set up a meet-up: t.me/JamesBlocktimus
All interviews will be transcribed using Stylo Network:
@stylonetwork
🔁 RETWEET to help spread the word!
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