Remember.
Not everything is an inside job or a conspiracy.
Power has used covert operations before.
But that doesn’t mean it orchestrated every event it benefits from.
Most of the time, you won’t know the full truth.
By the time more evidence emerges, the consequences may already be irreversible.
Even when an event wasn’t planned by those in power, they can weaponise it as if it were.
The same policies can follow, whether they caused the event or exploited it.
That’s why you don’t have to settle the question of who did it before examining what happens next.
Watch the incentives.
Watch who benefits.
Watch what the event is used to justify.
In my analysis, FIC holds the most power in the West, with access to covert operations through the MIC and narrative and data control through the TIC.
Ask who caused it.
But also ask who is using it, what they’re doing and whose power it expands.
You can challenge the exploitation while responsibility remains unresolved.
Also, remember…
🇮🇱 “North Korea.” 😂
Remember.
If Binance absorbs the losses from this hack, as it has committed to doing, the financial damage could largely remain with one company.
That’s fundamentally different from the contagion we saw with Celsius, FTX, BlockFi, 3AC, Gemini Earn, Genesis, Terra LUNA and others.
Those failures spread through interconnected lending, leverage and counterparty exposures.
A company taking the hit itself is very different from passing losses through the entire system.
That’s why the real test isn’t just the size of the hack.
It’s whether Binance can honour all customer liabilities, restore withdrawals and absorb the losses without spreading them to others.
So far, that’s the direction they’re signalling.
But we still need to see the proof, which they have committed to providing.
On the wider geopolitical point.
I always look at the incentives.
The potential incentives for MIC-linked intelligence agencies to conduct or exploit hacks include:
Weakening independent financial infrastructure.
Forcing companies into greater dependence on the FIC.
Creating pressure for increased surveillance, regulation and centralised custody.
Gaining access to financial intelligence and sensitive customer data.
Disrupting financial networks used by geopolitical adversaries.
Creating opportunities for financial assets and infrastructure to be acquired or controlled by FIC institutions.
Binance had already been forced to accept U.S. government-appointed independent compliance monitors as part of its $4.3 billion settlement over money-laundering and sanctions violations.
The settlement included a five-year U.S. Treasury monitorship, giving an independent monitor access to Binance’s books, records, systems, transactions and accounts.
The DOJ also imposed a separate three-year compliance monitorship.
CZ was forced to step down as CEO and later received a presidential pardon.
Israel has also requested that Binance freeze funds connected to Palestinians and others, as part of its financial genocide.
Think about what that means for the sovereignty of a global financial company.
This is how I analyse the increasing subordination of financial infrastructure to the FIC.
None of these incentives proves who carried out this hack.
But I always follow the incentives, not just the headlines.
Oh yeah.
🇮🇱 Every hack is always North Korea. 😂