Randy

Bybit has decided to freeze my account and withhold $200k of personal funds for absolutely ZERO reason. Have been using this account for 2+ years with 0 issue - have done 9 figures in volume and had 7 figures liquid in here with no problems. But 3 days ago my account was “banned” for depositing $10,000. It has asked me for “proof of wealth”, “full KYC”, “pay slips” as well as proving ownership of the deposit wallet. My account and KYC has already been verified to the level required for 400k+ in daily deposit limits, as well as the trading volume I already do. I can no longer trade and withdraw my OWN funds with an account i already had full KYC for. @Bybit_Official @benbybit

@CheddarFlow 2027?? wtf

Someone just added $10M+ worth of $SPY 800 Calls 🚨

Whoever designed this needs to be fired immediately:

@yenperps done

As promised I will send one Hypurr to someone who just like this tweet & follow me. This hypurr Worth 345 $HYPE Comment "done" when done.

@CirrusNFT This? opensea.io/collection/gif…

Went outside and enjoyed my friday instead of paying attention to NFTs and missed the fidenza of 2026 nice

At this point I only have one question: what the fuck are people at Circle even thinking? While we got @paoloardoino bailing out Drift, these guys want to push borrowers that are stuck on Aave to a potential liquidation Instead of pushing for this dumbass proposal, you could have deposited some USDC into the pool to help the DeFi users, help Aave, and try and come up with a solution to the current situation Instead, you choose to push users towards liquidation, force them to repay loans, while doing what exactly? What's the point of the proposal? What are you bringing to the table? What is your contribution to what DeFi is going through right now? With this proposal and the excuses Circle is coming up with not to freeze USDC that flows straight to uncle Kim (gm @zachxbt), I'm losing all respect for Circle, the way it operates, and overall their role in DeFi If you've got nothing to bring to the table, sit down and let others handle things you should not feel entitled to give your opinion on

@NeerajKA keeps deleting his replies so here’s my response to his series of excuses for Circle. CIRCLE is responsible for the things it builds and the decisions they make and the people they provide services too. Just like every other person and company in this space. In this situation EVERYONE ELSE ACTED to the respond to the incident and take the steps THEY COULD to mitigate the harm. Not because they were forced to. But because they could and they don’t want the hackers to fucking win. That’s the fucking difference and why Circles actions are fucking unacceptable. They could. Not only can they—they have a bigger staff and more money than every other one of these teams. And they chose not to. A lot of bridges can’t freeze. But they can block on the frontends or APIs. They can refuse to process transactions that are 100% stolen funds. AND IN THIS CASE EVERYONE DID EVERYTHING THEY COULD. EXCEPT CIRCLE. The frontends blocked. The bridges limited the SOL->ETH routes temporarily. The people who could freeze froze. Drift and Squads and security experts worked instantly to identify and contain the threat and ensure no further loss could be realized—to Drift AND to others. The only ones who sat and did NOTHING was Circle. They watched. As people alerted and worked together and said FUCK YOU to the hackers and tried to stop them, Circle sat in their ivory tower and said FUCK YOU to all the innocent people impacted. CIRCLE has decided that they don’t want to work together to make the world better. Fuck that. CIRCLE fucking CHOSE to keep servicing blatant fucking stolen funds via their stablecoin, their bridge, their frontend, their apis, their servers. For fucking HOURS. And then they made excuses for not acting after. No. That’s unacceptable. You are responsible for your actions. You don’t get to make excuses when you fuck up. Own it and be better or literally get the actual fuck OUT.

Now I'm going to rewrite you. When you say "the mob" what you actually mean is "reacting instantly to an active hack situation that's being publicly discussed." But that's actually not a mob. It's actually a very distinct and very crypto and very common situation. Let's define it 1. ongoing, active, rapidly developing incident 2. being discussed on the public record, loudly, in the open 3. clearly something unexpected, bad happened (contract was upgraded, a lot of money moved suddenly to unknown addresses, team is like AHHHH, users are like WAAAHHHHHH) 4. things are being sus'd out. in public. 5. theories are challenged. in public. 6. addresses are identified. in public. Further, for this specific type of situation, lets further narrow the scope JUST to: 7. $5m+ plus incident 8. All involved addresses are new. As in they were unused until immediately before the hack. 9. Identified as it was happening. Circle became aware as it was happening and within the time that they could take action. And the hackers were using Circle things. Why should Circle act here? Ooooh boy BECAUSE THE NATURE OF THESE SITUATIONS AND WAY THEY DEVELOP IS MORE THOROUGH, MORE CHALLENGED, MORE ACCURATE, THAN WHAT AN EX PARTE EMERGENCY ORDER and AN LE ORDER DOES!!!!! (And bc they fucking can. 😇) The risk of taking action like freezing is that you impact the wrong thing. You freeze the wrong person. Your actions have unintended consequences. Freezing is dangerous and risky. It should be done when you can to prevent and correct harm. But never forget: you freeze also has the potential to create new harm. That MUST be avoided at all costs. Harm Level 1: You freeze an innocent party. Harm Level 2: THEY HAVE NO RECOURSE! The civil order on the 16+ hot wallets caused Harm Levels 1 and 2. Those owners didn't know why or who to contact. They can't challenge. They can't defend themselves. They have no recourse. Zach got messages from these services because Circle wouldn't respond and there is no public record. They're stuck. They are now victims. Full stop. We don't want to create more victims. The current system is. However, when you are reacting to a PUBLIC incident, the liklihood of harm goes to NEARLY ZERO. 1. The evidence is inherently verified, checked, double checked, challenged, and agreed to be accurate via a large, independent, variety of actual fucking experts. This means that the evidence and addresses are more likely to be correct than any other situation. Including one held before a US judge. 2. The victim is clear and identified and public (e.g. Drift. Drift users). The harm to those people is clear and known and public ($250m+ stolen from Drift and Drift users.) This means that acting now CAN MITIGATE HARM TO REAL PEOPLE. It can immediately disincentivize the thief. And provide some amt of recourse to these victims. 3. If it's a brand new address used exclusively to receive the funds in question that means, by definition, it's all the same source of funds. The funds are not commingled. There's no innocent parties, now or historically. A fuckload of experts all agree that those addresses exclusively received the proceeds of the crime. This means that there is almost no chance of impacting an innocent bystander, service provider, etc. 4. The address identified IN PUBLIC is literally the identity of the address's owner. It's also what's then frozen. Which is also public. This means that even if 1-3 fail...even if you accidentally freeze an address and it turns out that it wasn't a hack or they aren't a criminal...the owner of that address can find the conversations easily, read discussions, understand the context, challenge people's statements, and immediately get in contact with the appropriate parties. They can then actually identify themselves using the same fucking cryptography that this all runs on and prove who they are. That's recourse. That mitigates Harm Level 2. And it does so better and more quickly than the current court system does. Thats why, in these cases, Circle should actually "listen to the mob" and act decisively. Because they can. Because it mitigates harm immediately. And because the US court system is not able to do this as quickly AND as accurately as what this ecosystem already fucking does on the fucking regular.

Not sure why you conflate two different independent problems because a publicly traded centralized stablecoin issuer is NOT DeFi. Compliance of your own infra / clients for the latter while $230M of illicit activity was laundered over 6 hrs for a clear cut case is as bad of an example as it gets. Abusing legal inefficiencies against victims instead of implementing real time solutions is not the answer. Circle does not get to reap the benefits of both centralization and decentralization arbitrarily for when it best suits them.

@austincampbell it’s not hypocritical bc the facts and circumstances of the two are WILDLY different 1. The 16+ hot wallets were: - long lived wallets - lots of activity over time - source of funds was sprawling. clearly a mix of retail users, market makers, internal wallets (cold/warm/hot transfers) - not labeled in etherscan BUT labeled in other tools (Arkham, or the first funder, or the contract deployer, or provided by Gemini upon googling the address) as various things e.g. bridge, raingg, etc. - active!!! funds constantly flowing in and out!!!!!! - no insight into what crime is being alleged - no insight into WHO is alleged to commit the crime (it’s clearly not 16 different service providers in 8 different jurisdictions though bc they were not fucking notified by the fucking courts which is why they have no fucking recourse.) 2. The Drift hack was: - a single, fresh address - all funds direct from the victim’s contract to this address - funds then one-hop to other new addresses (like 15 or so) before being bridged to more new addresses on ETH. (This one hopping was bc the bridges and frontends WERE blocking and thwarting the use within the hour btw. All except for Circle.) - widely discussed as a hack, attributed to the Drift team’s multisigs, discussed in public by various legitimate sources (within minutes) and then Drift themselves (within the hour) - flagged and tagged as stolen funds by various legitimate investigators, including security researchers at other centralized exchanges and well-established onchain analysts who do this for a living and have a reputation to uphold - no commingled with anything else!!!!!! - clearly proceeds of a fucking crime - mid conf DPRK hack within 2 hours - HAPPENING IN PUBLIC!!!! Those are COMPLETELY different circumstances. The former has an INCREDIBLY HIGH RISK of impacting innocent people. The burden of evidence thus must be higher! That’s how shit works. As example, the following 2 circumstances are NOT THE SAME. 1. A victim’s lawyer going for an emergency ex parte TRO to prevent everyone that lives in his clients entire 2000 unit apartment complex from entering the entire apartment complex after providing evidence that the client discovered valuable items missing upon returning home from work. 2. A victim’s lawyer going for an emergency ex parte TRO to prevent his client’s ex-partner from entering his client’s apartment UNIT after providing video evidence of ex-partner sneaking in and stealing various valuable items while the victim was at work. They are different. It’s not hypocritical to say the first order shouldn’t be granted and the second should. It’s also not wrong to say the first request is highly likely to be harmful to innocent people and the second is far less likely to harm innocent people (namely bc it’s an order against the accused person, singular, and prevents them from going to a place they don’t live or work or have a reason to be at.) Fact matter. One size doesn’t fit all and pretending otherwise is for simpletons who also say things like “code is law”

Circle became a billion dollar company because of Coinbase & a Western-focused narrative that USDT was unsafe The company is staffed with Wall Street bots who couldn’t care less about DeFi. I’m willing to bet less than 5 people in their entire org even use DeFi. Their entire playbook rn is reg capture — taking that same narrative and trying to convince international lawmakers to believe the same BS They don’t react to events like the Drift hack because they want to bake in a regulatory, bureaucratic process that makes lawmakers rely on them as a chokepoint Circle will now lose DeFi to USDT on all chains, not just Ethereum. They will lose this off-chain stablecoin Hail Mary to Stripe, a company run by competent people. Gg. Have fun with Arc

@circle @jerallaire He also got named to the North Korea LAZARUS10 list. This recognizes his immense contribution to their regime through generous donations of USDC stolen from normal people and laundered through CCTP.

6 months ago KuCoin admitted fault for my $300K liquidation. Here's what happened since. I took a Google Meet with their Head of Futures. I went to an in person meeting at Tribes in Dubai Mall with their Global Business Director. I sent 10+ proposals. I gave them every possible way to make this right. On the call they took full responsibility. They admitted the liquidation was caused by broken infrastructure. Their platform failed and they said so themselves. But here's the part that's hard to believe. Their Head of Futures couldn't understand basic futures mechanics. I had to explain how margin, liquidation and order book depth works to the person running the futures division at a top 10 exchange. The person responsible for resolving my case didn't understand the product that caused it. Their first offer: bring us $2.5 billion in trading volume and you can "earn it back." I did the math for them live in the chat. $10,000 per 100M volume. That's 0.01% return. To recover $250K I would need to generate the monthly volume of a top 50 institutional desk. For free. I said no. Their second offer was worse. $20K upfront, but only if I hit 1,000 active users and $300M in volume first. Then a $30K "cashback" that requires KuCoin's manual approval. I said no again. Their third offer was even worse than the second. $10K/month. Halved the numbers from the deal they already couldn't close. After an in person meeting. After a Google Meet. After weeks of negotiations. Every single offer came with the same condition: delete the tweets, stop talking, and come work for us as a KOL. Promote the exchange that wrongfully liquidated me. Bring them users. Make them money. Then maybe they'd consider giving back what they took. I told them in the chat: "It's like someone steal from me $250K and then tells me come work for me and you'll make it back (maybe)." Their response? "Let me think about it." Then silence. Weeks of silence. I had to chase them for every single reply. Christmas came and went and I gave them a final deadline January 6th. They came back with yet another lowball. KuCoin had their Head of Futures, their Global Business Director, and multiple senior reps in this group chat. They all saw every message. They all went quiet when it mattered. Today I'm releasing the full 30 minute Google Meet recording and the complete Telegram history. Every message. Every offer. Every time they went silent. You'll hear them admit fault and then watch them do nothing about it. They had 6 months to make this right. They chose silence. Video drops today.

Circle has chosen the worst of both the centralized and decentralized worlds with this policy. Circle can freeze your USDC at any time, but won't use this power to defend its users from obvious hacks. USDC gives users the downsides of centralization without any of the benefits.

@newmichwill >"compliance means only freeze when there's a court order" That's not right at all. Their ToS clearly states they could freeze if they wanted. No law prevents them from freezing (and arguably laws require them to freeze). They're refusing to freeze "as a matter of principle."

Remember when law enforcement quickly sent out a freeze request to Circle after the $16M SwapNet exploit and denied LE so the victim had to rush and spend thousands on lawyers to get a TRO and shortly before it was granted the 3M USDC was swapped as getting a court order quickly is impossible. (Context: It was a direct trace from the exploited contract to the exploiter address with no hops obfuscating the source)

@jerallaire No one cares about that. Address your incompetence x.com/i/status/20400…

18/ Circle builds good products and I hold USDC myself. This isn't a post about hoping they collapse. But the decisions they've made around compliance have had real consequences for real people. Nine figures lost from the ecosystem because of repeated inaction across three years, law enforcement requests, private sector requests, and their own infrastructure. The $420M+ figure only accounts for major public cases. The real figure is likely significantly higher. They have every tool and resource available to do better. They just haven't. So I'll leave you with one question: who is Circle actually serving? A US-regulated public company owes it to its users and the broader community to do better than this.

4/ On January 25, 2026, SwapNet was exploited for $16M. 3M USDC sat in the exploiter's address for two days. Both law enforcement and private sector experts submitted temporary freeze requests to Circle for the theft address. Both were unsuccessful. One victim pursued a New York court order. The funds were swapped hours before the TRO was granted. Theft address: 0x6cAad74121bF602e71386505A4687f310e0D833e