bitcena

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bitcena

@bitcena

17-time World Heavyweight Champion and 3-cycle #bitcoin and crypto advocate. (Not affiliated with John Cena or any related organizations)

Squared Circle เข้าร่วม Temmuz 2020
1K กำลังติดตาม122 ผู้ติดตาม
Rainfire.btc
Rainfire.btc@RainFire09·
A whale is still a whale, not the ocean.
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bitcena
bitcena@bitcena·
@Blesspiration @COSMASANALYST Lots of people got burned by $velar even prominent figures in $stx community... it's been dumping nonstop even before their perpdex got exploited while other stacks tokens don't even move it's insane... massive buyback the only thing that could save it tbh
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COS~MAS
COS~MAS@COSMASANALYST·
If you bought $POWER with $1,000 24 hours ago, you’d be left with around $100 right now. That’s how fast you can go from rich to broke in this space.
COS~MAS tweet media
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bitcena
bitcena@bitcena·
@VelarBTC Continue the buy backs... token is now trading at the same price level as memes with 10x the supply .@RainFire09
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Velar
Velar@VelarBTC·
Velar PerpDEX Exploit – Community Update At the end of January 2026, Velar PerpDEX liquidity pools on both the Stacks and Mezo ecosystems were exploited through coordinated wallet activity that targeted an edge case in the protocol’s trading mechanics. This activity resulted in unauthorized extraction of funds from affected liquidity pools. Our investigation identified a large cluster of attacker-controlled wallets interacting with the protocol: •Stacks: 240+ wallets involved in coordinated exploit activity •Mezo: 50+ wallets involved in coordinated exploit activity On the Stacks chain, funds were consolidated into a primary wallet before being bridged out, with 29 identified bridge withdrawal transactions related to this matter. These assets were subsequently bridged to Ethereum and further dispersed into mixers. On the Mezo chain, a similar pattern of coordinated wallet activity and cross-chain fund movement was observed by same set of exploiters, with assets ultimately bridged to Ethereum as part of the attacker’s exit flow into same wallets used for stacks exploit. Following the incidents, we initiated a detailed internal investigation across both chains. Through transaction tracing, wallet clustering, and cross-chain monitoring, we have mapped key flows of funds and identified primary consolidation wallets and bridge destinations. We have formally filed a complaint with the FBI’s Internet Crime Complaint Center (IC3) to ensure proper law enforcement visibility, identification of exploiters, evidentiary preservation and funds recovery. We are working closely with the Stacks and Mezo teams, along with blockchain analytics and transaction monitoring partners, including coordination with mixer-related intelligence sources, to trace the movement of funds and identify associated wallets across chains. All relevant transaction data, exploit wallet clusters, and bridge activity have been preserved and are being actively monitored as part of the ongoing investigation. This remains an active situation, and we will continue to share meaningful updates as progress is made.
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Enjo.btc 🥷🏽 (🌋,🌋) 🟠
Enjo.btc 🥷🏽 (🌋,🌋) 🟠@enjoywithouthey·
Still kind of crazy the @StacksEndowment hasn't deployed any capital into the community meme coins. A couple $sBTC of liquidity into $WELSH $LEO and $ROO would speak volumes. The devout @Stacks degens created community meme coins to combat the rug-pull foolery on other chains. Would be nice to see the Endowment support broader adoption and help spread this concept across the crypto ecosystem.
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bitcena
bitcena@bitcena·
@Tremp_STX @reubs_btc @Stacks @Velar Certain community tokens still use it like $flat, $roo, $meme, $uap Even if you use bitflow to swap these tokens the dex route still goes through velar
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reubs
reubs@reubs_btc·
Say hello to my @Stacks ecosystem map 🟧 Often I see Stacks posts with outdated info so I decided to make my own I would like to add 6 more projects to this graphic, rounding it up to 50 total - let me know who i'm missing!
reubs tweet media
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Velar
Velar@VelarBTC·
Velar PerpDEX Incident – Official Technical Update Key points upfront - - This was not a smart contract hack. - All smart contracts are safe. - The issue affected only Velar PerpDEX liquidity pools, not Dex liquidity pools. - Traders are safe and unaffected. - LP funds were compromised. - No open user positions or traders balances were compromised. --- Additional Technical Clarification on the Velar PerpDEX Incident Velar PerpDEX uses the Pyth Oracle on Stacks, which operates on a model where a price update is submitted every time a transaction is initiated. Each submitted price is verified on-chain using a timestamp, and the oracle contract enforces that any new price must have a newer timestamp than the previously submitted price. There was no additional staleness validation beyond this timestamp check in our system. Under normal conditions, where multiple users are actively trading, this mechanism functions as intended because frequent transactions continuously refresh the oracle price. During the incident, user activity on the platform was extremely low. This created an edge case where a single actor was able to interact with the system in isolation. In this scenario, the exploiter was able to: - Receive two oracle prices with different, sequential timestamps. - Predict price movement due to the absence of other transactions refreshing the oracle. - Open a position using a known price. - Close the position using a second known price with a newer timestamp. - Capture a small, deterministic profit. This was not a single event, but a slow, repeated process, executed via small trades across multiple wallets, which made the activity blend into normal pool fluctuations. --- Actions taken - The exploit path has been fully identified. - Additional oracle safety checks are being added to prevent reuse of known prices, especially during low user activity periods. - More detailed analysis will be shared soon. --- Final note This was a design edge case under extremely low user activity conditions. We will be addressing it directly and transparently, and will continue to harden the system as Velar scales.
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bitcena
bitcena@bitcena·
@DtmlBlood @VelarBTC Sh!t is already trading under 80k mc with fdv under 250k... for comparison some memes on stacks are still at 1-2M mc despite $STX dumping hard
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DtmlBlood
DtmlBlood@DtmlBlood·
We need pullback on $VELAR I wish I’m Merlin I would have done some magic on $VELAR token
DtmlBlood tweet media
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bitcena
bitcena@bitcena·
@pzet2435 @RainFire09 @VelarBTC Yup tbf $STX and some of the other memes aren't moving as well... I remember few months back $UAP used to pump along with these bunch like $LEO $FLAT now it's not moving... their last post was only less than 2 weeks ago. Some of these memes rely their liquidity on Velar
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patrckinc
patrckinc@pzet2435·
@bitcena @RainFire09 @VelarBTC It doesn’t interest him at all. I agree with you just look at $LEO; it has risen 500% over the past month. Reubs has always remained loyal to the community. You can’t say the same about Velar.
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Rainfire.btc
Rainfire.btc@RainFire09·
Hey, apologies for delayed response was away from twitter. The entire btc and stacks ecosystem has negligible users and thus very low revenue for now, until it revives, we will continue with buy backs on quarterly basis instead of monthly basis. Will share update from Velar too along with other updates.
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pokto khal
pokto khal@khal_hodl·
$200k+ worth of investment is now merely worth $600. wtf happened here? @VelarBTC $VELAR $STX
pokto khal tweet media
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bitcena
bitcena@bitcena·
@visionsbtc @pzet2435 @RainFire09 Thanks hope something comes out of this since it's a shame what's happening to Velar. MC down to 100k and team not responding to anyone
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bitcena
bitcena@bitcena·
@pzet2435 @RainFire09 Hey @visionsbtc can you help reach out to Velar team? We know you're no longer with them but you're close with the founders and they've been radio silent since the initial buyback last Nov and didn't follow the monthly schedule, also no news on staking rewards for months now
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patrckinc
patrckinc@pzet2435·
@RainFire09 Are you going to communicate with the people who have always supported Velar? This attitude is quite rude.
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bitcena
bitcena@bitcena·
@vithushaji @RainFire09 @InfluencerUdo Imo they could just focus on the DEX part since perp is pretty much dead but their swap DEX on the other hand is still being used within STX community... even on Bitflow, Velar is still integrated as a route. Idk why these clowns are not actively nurturing it to improve volume
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AP
AP@vithushaji·
@bitcena @RainFire09 @InfluencerUdo Yes, being active is important. I think there is also an issue of adoption. Perp dexes are a hot topic these days. Maybe stx needs to attract more people into the ecosystem
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