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Where the freaks dwell
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"You can just opt out. You don't have to ask for permission to adopt a better money."
@MartyBent on Bitcoin as the exit from broken money.
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The Digital Chamber is asking Congress to pass a targeted bill before the 119th Congress ends: customer asset protections, CFTC oversight of U.S. exchanges, and baseline cybersecurity standards.
Its letter cites the $6.3 billion Binance theft.
digitalchamber.org/wp-conten…
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TFTC retweeted
Increased functionality and complexity leads to a larger attack surface. Bitcoiners have been warning people for years that Ethereum's design decisions would lead to catastrophic losses. It has in the past, it happened with Binance and it will continue.
Keep it simple, stupid.
Binance CEO Richard Teng confirms attackers used Ethereum's EIP-7702 delegation mechanism to gain execution authority over a Binance hot wallet.
The exploit bypassed the exchange's normal transaction controls.
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Columbia engineers built a living knee replacement and it just passed a simulated walk.
The 3D-printed implant was placed in a cadaver knee and attached to robotic machinery. It withstood hundreds of pounds of force, similar to an adult striding briskly, with no cracks or malfunctions, according to the Washington Post.
The design uses a biodegradable scaffold seeded with cartilage and bone cells. The scaffold supports the joint while the cells grow new tissue. It is meant to dissolve over time, leaving living cartilage and bone behind.
Preliminary human testing could start in about 18 months if the research goes well.
washingtonpost.com/wellness/…
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Chainalysis has tied the $6.4 billion Binance hack to North Korea's TraderTraitor, and now describes how the money is being washed.
The attackers appear to be using automation. Thousands of transactions in a short period, with funds bouncing among addresses and often coming back to ones used earlier. Instead of sending money onward and away, they keep it circulating so the path is harder to read.
Chainalysis made the attribution after the stolen funds commingled with last month's Bitget theft. Its investigators say they have not seen this laundering pattern before.
About $2.8 billion is frozen.
Our investigators are observing never-seen-before laundering patterns with the stolen funds from the Binance exploit. Thousands of transactions in a short period suggest that the attackers are using automation to obscure the trail of funds. Rather than simply moving funds onward, they repeatedly circulate them among addresses, often sending funds back to addresses involved earlier in the sequence.
Read more: chainalysis.com/blog/binance…
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Binance CEO Richard Teng confirms attackers used Ethereum's EIP-7702 delegation mechanism to gain execution authority over a Binance hot wallet.
The exploit bypassed the exchange's normal transaction controls.
Richard Teng
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TFTC retweeted
Thank you so much @MartyBent and @TFTC21 for having us on - great conversation about Canada, the US and the Western World
piped.video/watch?v=Z8hLtxA8…
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Indirect bidders took 45.7% of Monday's $69B 2-year auction, the lowest share in 18 two-year auctions going back to May 2025.
Your AI can pull this straight from the TFTC MCP. No burning tokens scraping Treasury PDFs.
tftc.io/ai
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"To raise a family in 500 square feet, it's an impossibility."
@BrokenCountry_ director Mira Metter on Canada's housing crisis.
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Higgsfield promised to open source its product and never did.
ComfyUI's community built open source alternatives anyway.
Now Higgsfield sent a cease and desist demanding the challenge be taken down within 48 hours.
ComfyUI CEO: "When we started Comfy, we made the community a promise. Our product stays open, free, and yours. We've kept it every day since, and one letter isn't going to change that."
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"People will become, begin to hunt, live and fish in city parks."
@BrokenCountry_ director Mira Metter on Canada's own 2040 forecast.
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Attackers appear to have exploited Ethereum's EIP-7702 to drain Binance hot wallets of ~$2.5B.
On-chain researcher @0xQuit: "It seems likely that they didn't have the private keys and instead just had the 7702 auth signatures, which must have been phished somehow."
ok safe to say binance is pwned
The biggest assets were approximately:
• 1.615B USDT
• 62.6M RLUSD
• 29,934 wBETH
• 11,372 XAUt
• 6.19M UNI
• 198.4M ENA
• 7.175T PEPE
• 27.8M USD1
• 2.26M LINK
• 127,853 AAVE
about $2.5B at the explorer’s prices.
1. The attacker deployed a delegate contract, 0x63e842b0...73e9c6fAe, from the relayer at 15:59 UTC.
2. About four hours later, the relayer submitted an EIP-7702 authorization transaction
That installed the malicious 7702 delegate code on Binance 14.
3. The relayer then made a call to Binance 14, executing the delegate code, and transferring Binance 14’s ETH and token balances.
4. The calldata is labeled sweep(address, address[]). The second argument is a list of recognizable token-contract addresses plus the zero-address (eth).
5. The same relayer later used the same delegate to move 780M USDC from Binance Hot Wallet 34 into the same pool
• The relayer 0x7C... was funded by three Tornado Cash 0.1 ETH withdrawals over the prior two days.
• The same pool also received 28,005.6 ETH from Binance 16 24 seconds after the main sweep.
• The pool then forwarded 195,460 ETH to a fresh, unlabeled EOA
• That EOA has only one transaction and currently holds the 195,460 ETH.
What's a bit unclear is why the relayer was needed in the first place. If they had the private keys to the Binance wallets, they could have just sent the assets out in an atomic bundle without needing a relayer at all.
So it seems likely that they didn't have the private keys and instead just had the 7702 auth signatures, which must have been phished somehow.
I think we can go ahead and assume DPRK.
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