
Anesthesiologist, crypto investor, NFT degen/enthusiast | PFP 1/1 @FamousFoxFed @FxFDAO Blue Fox by @NYAUMON | Banner 1/1 custom @FamousFoxFed by @NYAUMON
Joined September 2020
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New fox, who dis??
So stoked to mint this custom 1/1 @FamousFoxFed @FxFDAO Blue Fox. I am Blue Fox, and Blue Fox is me!
Many thanks to @nyaumon and @draxxts for iterating on my suggestions to bring Blue Fox to life. This is my web3 identity, and I couldn't be prouder.
Dr. Blue Fox retweeted
Buy some solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu and come back in a year.
When major protocols on sol start putting their idle WSOL to work - we see a big re-pricing.
We've talked about Sanctum Wrapped SOL (swSOL) for months internally to partners, finally went public with it last week.
Why swSOL is exciting:
1) swSOL is a net new product in Solana DeFi - no one else has tried to monetize wSOL - a 22M/$3B TAM up for grabs. We project swSOL to bring $3-18M in ann. revenues under conservative estimates over the long-term as Solana DeFi comes to see it as a trustworthy product.
and 2) swSOL is something only Sanctum can uniquely build thanks to its liquidity reserve that lets LSTs exit into SOL instantly. Simply put, swSOL is the Sanctum team leveraging its core strengths rather than stepping into a different lane of product expertise (memecoin trading, perps, prediction markets etc).
Excited to see where Sanctum goes with swSOL.
Dr. Blue Fox retweeted
We've talked about Sanctum Wrapped SOL (swSOL) for months internally to partners, finally went public with it last week.
Why swSOL is exciting:
1) swSOL is a net new product in Solana DeFi - no one else has tried to monetize wSOL - a 22M/$3B TAM up for grabs. We project swSOL to bring $3-18M in ann. revenues under conservative estimates over the long-term as Solana DeFi comes to see it as a trustworthy product.
and 2) swSOL is something only Sanctum can uniquely build thanks to its liquidity reserve that lets LSTs exit into SOL instantly. Simply put, swSOL is the Sanctum team leveraging its core strengths rather than stepping into a different lane of product expertise (memecoin trading, perps, prediction markets etc).
Excited to see where Sanctum goes with swSOL.
Sanctum Wrapped SOL is a primitive that has been long in development at @sanctumso.
While simple on the surface, there are a lot of nuances and complexities to swSOL that we had to figure out.
1) swSOL is NOT an LST. Wrapped SOL (wSOL) is used in size in some of the largest DeFi protocols. To be a viable replacement, the program needs to be highly optimised from a technical standpoint. @datascraper69 has managed to reduce Compute Units (CUs measure the computational work and resources required to execute a transaction or instruction on Solana) to 6k. What that means practically? Fast swaps, no additional program fat to slow down swaps, making swSOL a defacto worthy equivalent of wSOL.
2) Security. We believe that swSOL will be the defacto replacement for wSOL and its use cases, and if we believe that, it has to be super secure. swSOL has gone through countless rounds of audits, led by @accretion_xyz.
3) Growth. swSOL is just live but the real work starts now - getting every protocol to adopt it. We have some deals in the work that we're excited to announce soon, but it's going to be a multiyear growth story.
Sanctum has grown in SOL TVL for 12 consecutive quarters. We believe that swSOL is a powerful product that will help power our growth for the next 12 quarters.
The ledger hacker used Zcash pools and got his exit wallets doxxed
Not because shielded pools don’t work
But because bro was retarded.
- He deposited funds into the shielded pool.
- Then, the same day he removed the exact amount he deposited, minus fees.
- Over 40 times
Even if the tech works, privacy is only as strong as the weakest (stupidest) link
Ledger theft, day two. Since yesterday the thief has pushed ether through Tornado Cash three times, and each time on into Zcash's shielded pool. We followed every lot out the far side. Here is how, step by step.
1. THE SAME BUILD, THREE TIMES
An ether wallet pays a fresh splitter. The splitter pays four fresh wallets. The four drop it into Tornado Cash's 100, 10 and 1 ETH pools. Minutes, every time.
Run 1, yesterday 15:17: 1,254 ETH. Run 2, today 09:42: 1,291 ETH. Run 3, today 11:56: 450 ETH from 0xfa4EaBB840A33C156E600311433AE261CBfCb0e2, in the pools by 12:15.
2. OUT OF TORNADO CASH
The mixer breaks the link between a deposit and a withdrawal. We do not need the link. Our tooling fingerprints the withdrawal transactions themselves: how each one is constructed, who constructs it, and when.
Yesterday's 65 withdrawals (1,084 ETH) and today's 96 (1,726 ETH) all carry the same signature. The six other withdrawals from those pools in today's windows do not. Run 3 came out from 12:18 into 0x0d697aa182801566d87adc86e68e95fd3b2f5f82 (213 ETH) and 0x676b16cc18542f37d202a1a79ac05463395496a4 (122 ETH), and 195 ETH of it was inside a cross-chain swap service by 12:38. Forty-two minutes, end to end.
3. INTO ZCASH, AND OUT AGAIN
The swap service turns the ether into shielded ZEC, where sender, amount and recipient vanish. But the service's own shielding of each lot is public, and from it we derive a value signature for that lot's exit, then scan every transparent exit from the pool. 108 of 108 exits across both days match their lot to the zatoshi. Not one other exit from the pool does.
First lot today: in at 10:18:18, out at 11:06:16 in block 3512847 (8d26a9b095d4d28373527f7a6eb81a3be7f906d1e2190960c0512ff64f369418 and 738c6d1261e79766e4dd16bdbd38dced91b8e3a86ce41dcda83eda1f19208fbf), straight into a ZEC to USDC order.
Today so far: 20 lots ordered (2,379 ZEC, $2.9m), 14 out, 5 inside the pool, 1 still settling. Every exit feeds a ZEC to USDC order paying two wallets born at 11:11, 22 of the 28 paid by 12:43:
0x816D5Ee17DB1495d1409F135b98FF3edc5F3cDf8: 940,561 USDC
0xBA736A4b616e79867B6d586293966b552883f3F3: 852,258 USDC
1.79m USDC, unspent. @Circle can freeze it.
(1/2) 🧵⤵️
Dr. Blue Fox retweeted
I don’t know shit about cryptography but I will just hold my spot bags and assume dev will sort all this AI stuff out
Dr. Blue Fox retweeted
Unlike many networks, Solana users don't need to go into "bunker mode" ahead of an accelerated quantum timeline or classical attack provided by AI.
Solana uses Ed25519, where each signing key is derived by hashing a secret seed. Breaking the curve, whether by a quantum computer or a classical attack, would expose the derived key, but not the seed, and seeds are never exposed onchain. With a one-time network upgrade, rightful owners could prove knowledge of their seed using a hash-based proof and move their accounts to a safe signature scheme. A working proof of concept already exists: github.com/anza-xyz/cryptogr….
Solana remains secure today and has a defined path forward.
Today I call upon the blockchain industry to calmly begin planning for "bunker mode". My personal recommendation is to set in motion a controlled mass migration of assets to fresh addresses, i.e. addresses whose pubkeys remain hidden behind a hash.
Holders, starting with large and sophisticated ones, should consider moving the bulk of their funds to addresses that have never signed a transaction. And when they do sign one, they should also move remaining funds to a new address (possibly generated from the same seed phrase).
Don't rush. While I believe there is cause for action a rushed migration would do more harm than good. Don't panic either. Moving assets to protected addresses is a simple, preventative step which does not require new cryptography or new wallets.
IMO it is now reasonable to brace for the possibility that ECDSA breaks before qday, in the worst case in months not years. By "break" I mean fast private key recovery (e.g. in one week) on available hardware (e.g. a large GPU cluster).
Recent days have been humbling for human mathematical intuition. Long-held, unquestioned hypotheses have fallen. This includes the n log(n) bound for integer multiplication and the 3SUM conjecture. In hindsight, May's unexpected disproof of the Erdős unit distance conjecture was our warning shot.
Yesterday's OpenAI drop made it clear that mathematical superintelligence is upon us. They say there are weeks where decades happen. We are about to live through weeks where centuries of mathematical progress happen. Could our magic 64-byte ECDSA signatures be too good to be true? Was it just security through obscurity all this time?
Elliptic curves feel especially vulnerable to superintelligence. Curves carry rich structure, with room for fancy tricks like Schoof, Frobenius, pairings. (By contrast, hashes are designed to minimise algebraic structure.)
Separately, as Ewin Tang can attest, an efficient quantum algorithm sometimes foreshadows an efficient classical one. We should be open to the possibility of a classical counterpart to Shor that breaks elliptic curves and RSA at once.
Also noteworthy is the striking under-representation of cryptographic breakthroughs among the 722 mathematical results OpenAI published. I've witnessed first-hand the US government censoring academic quantum cryptanalysis results. Backroom interventionism is my base case.
I urge large, sophisticated actors to lead by example. Project11's "risq list" (bitcoin-risq-list.projecteleven[.]com) is a great tracker of exposed BTC pubkeys. Binance, Bitbank, Robinhood, Bitfinex, and Tether have an opportunity to harden their cold storage. Next month I'll address institutions in London in a live Q&A (forum.ethereuminstitutional[.]org/london-2026).
Again, please do not rush. Wallets holding under 50 BTC enjoy partial cover from "Satoshi's shield", i.e. his 20K exposed addresses that hold 50 BTC each. Load-bearing signers like oracles and L2 security councils should consider rotating ECDSA pubkeys with every signed message and/or multi-signing with a hash-based schemes like SPHINCS.
Exiting bunker mode safely will require post-AI cryptography. My inclination is to go all-in on hash-based cryptography and avoid structured mathematical assumptions entirely, whether from curves, lattices, or isogenies. A single battle-tested hash (e.g. from the SHA or BLAKE families) yields plausible post-AI security.
The Ethereum roadmap on strawmap[.]org fully embraces hash-based cryptography with end-to-end formal verification as a response to the quantum threat. Those timelines must now be revisited and accelerated in light of mathematical superintelligence. I'll be pushing for maximum defensive acceleration.
Dr. Blue Fox retweeted
SWSOL not even priced in yet or understood
Higher
solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu
ICYMI: @sanctumso permanently burned 259M of its CLOUD tokens, 25% of the supply, live on stage at Solana's Singapore summit.
The token is now renamed $SANC, and Sanctum launched version 2 of its app with multisig security.
Cannot overstate how excited I am for this! Any opportunity to get @draxxts on dial is a huge win for the space, especially for NFTs, Solana, and broader markets in general. Expecting the turnout to be fantastic! 🟠
Don’t miss our 5th Anniversary VC happening soon!🦊🎉
📆 Monday, October 5
⏰ 9PM EDT
🏠 FFF Discord
Hosted by Foxy General @draxxts 🫡
Happy 5th birthday to the best NFT project on all chains! Here’s to 5 more 🍻
Half a decade of Foxing around and finding out 🎉
Five years ago today, we minted 7,777 Famous Foxes on Solana. From FoxySwap and the weekly missions to Citrus and Fortuna, the Foxes did not just build an NFT collection. We built a legacy.🟠
Thank you to our amazing community for 5 years of steadfast support and unwavering energy 🙌
Let’s take a trip down memory lane and see our 5-year evolution below 👇
solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu (@sanctumso) trades at a ~$37M market cap with $2.2B+ TVL, the top Solana protocol by TVL after passing Jupiter.
But TVL ≠ revenue. Protocol revenue is only ~$256K over 30d, so the gap is not a pure mispricing.
Revenue must increase.
Scenarios, not forecasts:
💰 $1B MC = $1.92 (~27x)
📊 $1B FDV = $1.35 (~19x)
🎯 $1.00 token = ~$520M MC (~14x)
About 220M tokens are still to unlock, so dilution matters.
500M MC is possible, easily.
Dr. Blue Fox retweeted
Replying to @FinanceFiendz
Ahhh Doug likes a coin that didn’t rip in a straight line during a week when 99.99% of onchain got carried out on a stretcher, and I either didn’t manage my risk or didn’t build my own conviction ahhh
Dr. Blue Fox retweeted
I’m convinced that the ability to remain unshaken by the minor inconveniences of life puts you ahead of 95% of people. Emotional control is the ultimate power. Few have it. Not every collision or slight deserves your energy. You can just let them float by.
I can't attend, unfortunately, but I couldn't help making myself a version of the Sanctum Card to represent Sanctum. Hyped for all the amazing developments ahead for the Sanctum app, and solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu!
🤖 Made with AI
Officially announcing Sanctum Seoul Cards 🇰🇷
Make your card, post it on X and submit your post link to enter the Seoul Card Raffle.
🎁 Ultra-limited merch, card holders only
📍 Drawn at SANC Nine, Oct 1
🙋🏻♂️ Must be present to win
Make yours now at seoul.sanctum.so ☁️
the midcurving on SOL comes from a profound cynicism about crypto's future
what's going to happen is that crypto adoption is going to 100x
it will not just be perps, or RWAs, or memes -- it will be all of it
the totality of old finance combined with the weirdness of new finance, at planetary scale
and at that game, Solana is king
to that effect, one framing I've been riffing on: SOL is new money
'new' is a powerful & optimistic word -- it represents possibility and the infinite, rather than marginally optimizing spreadsheet accounting
it is too early in the game to treat novel internet money as it were a derivative of Costco stock. blockchains that scale are barely 2-3 years old
it's 2004, you can opt for JP Morgan or you can go for Apple
neither are wrong, but one is more optimistic
Dr. Blue Fox retweeted
the moat is literally just caring about your work and being proud of your output and holy shit it does not seem to apply to 99% of people
Dr. Blue Fox retweeted
How many apps does it take you to turn dollars into crypto?
Too many.
Not for much longer!
@sanctumapp 2.0 coming soon ☁️
Dr. Blue Fox retweeted
i will continue to tell you that the hardest part from here throughout the rest of the bull market will be in strengthening your conviction & staying in the obviously good spots
even the most bullish voices from the lows in June are already shaky bc of how much profit they're sitting on
ability to shift mindset from short term to long term is how you capture the most PNL in markets that are heavily momentum driven
very little reason to believe that Bitcoin will not make a new price ATH following the shortest and weakest bear market in two decades of its history, especially given this run up is occurring at a moment in time where there is increasing worry about how untenable the US Debt situation is
Dr. Blue Fox retweeted
Sanctum has been a lot more vocal lately on X and privately.
Token is up to $0.5 ($25M mcap) from its lows of $0.013 in June, where it traded literally below treasury value. Some of that is of course market beta, but it's still nice to see the biggest protocol on Solana by TVL finally getting attention from curious investors.
What we got done at Sanctum in recent months: Set up an investor dashboard (investors.sanctum.so/), ended staking rewards, voted yes for Double Disinflation, passed a gov proposal to burn 25% of token supply, upgraded CLOUD to solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu yesterday.
It turns out being radically transparent with markets about our plans (which also means eating shit from detractors) is a strategy that pays dividends.
Can't wait to tell everyone the upcoming big product reveals during Token2049.
Update on the $CLOUD → $SANC transition
On-chain token metadata has been updated across the Solana ecosystem. $SANC is now reflected on Solscan, Orb Markets, Solflare, and Phantom.
Some centralized exchanges have not yet updated their listings and will continue to display CLOUD until they complete their own internal process. We're coordinating with each venue directly and will share updates as they transition.
Please note that the underlying Solana mint address is unchanged. The correct contract address is still: CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu
There is no token migration, no new mint, and no action required from holders. Balances, decimals, and tokenomics remain exactly as they were.































