CryptaxUK retweeted
‼️ BREAKING: Revolut handed over customers’ passport copies, verification selfies and full transaction histories to a malicious actor.
The actor sent lawful government information-demand emails using a genuine government domain that passed domain authentication.
Revolut later concluded they were not authentic.
Affected customers were notified on Friday. What may have been disclosed ranges from name, date of birth and home address to account statements, withdrawal records and complete Bitcoin transaction history.
The company says it has alerted the agency to the unauthorised mailbox on its domain, blocked the address and begun notifying regulators.
It has not named the agency, explained how someone obtained a mailbox there, or given a number of affected customers.
ZachXBT, who circulated the notices, believes the incident was limited in size and aimed at high-net-worth users.
Very interesting statistics published by HMRC today - gov.uk/government/statistics…
Only 17,600 taxpayers reported gains on cryptoassets in for the 2024/25 tax year 👀
We have some difficult news to share. Unfortunately, one of our shipping providers has experienced a data breach that exposed sensitive order data. This affects new customers in the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal who received an order within the 90 days prior to August 8th, 2026.
The data exposed:
- Full names
- Shipping addresses
- Phone numbers
- Email addresses
The incident affects 11,742 customers with full exposure (name, email, phone number, shipping address) and 1,947 customers with partial exposure (name, city, email). The breach is limited due to Trezor’s strict 90-day data storage policy (we were also able to negotiate the same terms with fulfillment partners, who follow the same policy).
All affected customers have been contacted separately by email.
Our systems and devices remain secure, but affected customers could experience an increase in phishing attempts.
NEVER enter your wallet backup on a website or share it with anyone, and only check for updates on official Trezor channels.
We are deeply sorry to the community and those affected.
We are investigating this situation and will post updates on our blog:
trezor.io/blog/news/recent-c…
CryptaxUK retweeted
The reality is, crypto is BLOCKED.
For consumers & for businesses.
Blanket restrictions on transfers to crypto exchanges raise important questions about consumer choice, competition and innovation.
It’s time to complain to the Banks.
Your money. Your choice. 👉 standwithcrypto.org/gb/email…
CryptaxUK retweeted
Introducing Project Glasswing: an urgent initiative to help secure the world’s most critical software.
It’s powered by our newest frontier model, Claude Mythos Preview, which can find software vulnerabilities better than all but the most skilled humans.
anthropic.com/glasswing
CryptaxUK retweeted
Advice For Cryptobros Feeling Down This End-Of-Year
...
Watched Its A Wonderful Life again lads...
Absolutely incredible movie but man, felt like my emotional insides were ripped out of me and beat with a baseball bat for two hours (in a good way)...
I think George Bailey's problems were to a large extent self-inflicted and am not sure how relevant they are to us here in magic internet coins land...
HOWEVER the film got me up in my feels to say the least, so wanted to offer some thoughts for any Twitter friends who are having a rough time this Christmas...
Should note that I don't have everything figured out myself by any means- I'm an absolute moron who has made every mistake in life imaginable- but with that said I thought I'd share some random thoughts in case anyone finds them helpful:
1) All that matters at the end of the day is your loved-ones and friends.
Call them and tell them you love them and appreciate them...
In the immortal words of ZhuSu "call your mother before calling tops..." :)
2) This poor price action will not last.
In the four years I've been in crypto full-time we've gone through periods just like this again and again, over and over, and the market always bounces back.
3) Quit letting LARP's on here make you feel bad.
There is enormous incentive on CT to exaggerate (or fabricate) huge W's, and conversely you almost never hear about the huge L's people take.
Realize that the TL is 99x skewed to that side and you have to take everything with a massive grain of salt.
4) Quit comparing yourself to totally unrealistic standards.
The whole "you need to make $10M by age 28" rhetoric on here is 1) fake (see above), and 2) totally unrealistic.
Most guys on CT are absolutely killing it by any objective measure, they just compare themselves to fictionalized stories or top 1% of 1% successes instead of reality.
All you young dudes are doing infinitely better than I was at your age...
Don't compare yourself to totally fictional and unrealistic standards.
5) Quit being a 'nice guy'.
You don't want to 'max extract' and be unethical but you also don't worry to be one of these dudes who gives and gives and gives to the space for years on end but is too afraid to ever take advantage of opportunities to make money in it lest he deal with criticism.
Here's the truth: you will face critics in every single industry on earth.
It does not matter what kind of business you start, you will have people attacking you as un-ethical or accusing you of extracting or etc.
You just need to find the right balance where you know internally that you are acting with integrity, and from there just ignore the critics.
Is the same with your family and your job and everything else.
Don't give and give and give of yourself to the point where you resent those around you and then subconsciously or semi-consciously punish them as a result.
Its a really bad feedback loop that lots of people get into in life.
6) Don't be a "me me me" guy either.
This is sort of the opposite of the above... where you fixate 100% on yourself...
You see that here on Twitter, where people will complain "the algo is broken... nobody comments on my tweets"... but then you look and they themselves don't comment on anyone else's tweets either...
You need to have some perspective, and not get so fixated on yourself.
We all do this from time to time, but its a really bad habit to get into.
To continue the Twitter example... if the algo isn't working for you then try just focusing on building up your friends for a few weeks.
QT their posts. Comment on their tweets. RT them. Etc.
What goes around comes around and you need to have a mindset of abundance.
I reference Twitter for the above example because its a very concrete one, but it really applies to all realms of life.
7) Get physically healthy.
Normie culture will have you believe that you can be 80 lbs overweight and still 'feel good' mentally, but the truth is you just can't...
If you are overweight and physically unhealthy your mental health will suffer in tandem. They are inexorably linked and you HAVE to get your physical health locked-in.
8) Take pride in your 'lore'
A lot of guys in crypto have a very analytical view of life where any failures or troubles are automatically 'bad' and shameful and etc.
I would encourage you to cultivate a more adventurous or artistic view of your life instead though... where your troubles and pitfalls and mistakes are just a part of your character's "lore".
View your life like a great movie or book and suddenly these losses and setbacks just become part of your "hero's journey" instead, which is a far healthier way to look at them...
9) Ignore the existential doomerism.
The idea that you have "3 years to hyper-gamble into the top 1% or else be relegated to digital slavery for the rest of your life" is a great line and very memeable...
However it is 100% not the case.
Indeed, with AI continually making the online landscape more fluid and more flattened, it will probably if anything be easier in 5 years or 10 years to 'make it' then it is now.
There are 100% things to be blackpilled about, but at the same time, you have to realize that most financial doomerism is people turning their own emotional truths into economic ones.
10) Keep putting in the reps.
Life is hard.
But its also beautiful.
Accept that that binary will always exist.
It will always be hard but its also worth it.
Keep putting in the reps, and don't ever give up.
There are people who love you and care about you.
And beyond that- there are people who you have not even met yet who will love and care about you in the future.
All you gotta do is keep putting one foot in front of other.
'Fall forward' every day and never stop putting in the reps 🤝
...
Again - I don't have it all figured out myself but I hate seeing people suffering so wanted to put out the above in case its helpful.
Appreciate all you guys tremendously and if you're ever having a tough time don't hesitate to dm me.
Merry Christmas bros and here's to a massive 2026 💪🎄
CryptaxUK retweeted
The Oct 11 Crypto Crash — What Really Happened
TL;DR:
Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.
That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement.
It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover.
What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage.
1️⃣ The Setup
Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral.
Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability.
On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window.
2️⃣ The Exploit
During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere).
Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations.
Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress.
3️⃣ The Profit Engine
The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources.
As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom.
Timing, precision, and funding paths all suggest coordination.
4️⃣ The Contagion
Binance liquidations dumped BTC/ETH/ALTs into thin books.
Other exchanges mirrored the collapse through cross-market bots.
Market makers hedged across venues were forced to unwind everywhere.
Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral.
5️⃣ Who’s at fault?
Binance: design flaw + delay in oracle rollout = root cause.
Exploiters: executed and timed the manipulation, profited via external shorts.
Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else.
6️⃣ Aftermath
Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration.
USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations.
Bottom line:
A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath.
Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.
CryptaxUK retweeted
Playing “the game” of crypto is how you make wealth in this industry.
And it’s hard af. As it should be.
You play the game by,
- Being early.
- Placing high conviction, speculative bets.
- Sizing large into those bets a few times a year.
- Rotating.
- Catching narrative shifts before they go mainstream.
All with no guarantee of success.
All with a ticking time bomb looming in the background.
It's all gunna go to zero.
You know this. What can you keep before it does?
Most people go all-in on "the game" and accept that there's no guaranteed outcome.
You live with constant pressure of making it now "before the music stops"
You deal with immense stress.
Anxiety. Sleepless nights.
You watch your health decay.
You withdraw from society.
All while understanding there's a 99% chance you won't make it anyways.
No one talks about how you can make the game easier for yourself.
What if I told you that you could remove the ticking time bomb?
What if I told you that you could reduce the stress, anxiety and impending sense of doom?
Well, you can.
- If you specialize.
Specialization is its own uniquely difficult challenge that requires shorter term sacrifice for longer term stress relief.
You must sacrifice some of the game in the name of specialization.
Once you specialize it removes the burden of missing or fumbling.
It puts chips on the table each week.
For me, it was trading.
I came into crypto as a tourist last cycle and got humbled several times. I eventually walked away with some money but realized it was only bc of the bull market.
I had no underlying skill. If there was no bull market, I would make no money. My confidence was at an all time low. I understood that if there was another bull market I would face a similar choice. Make it or lose 4 years of my life.
I made it my priority to never feel helpless again.
I wanted to be able to trade any condition regardless of the market. I didn't want a 4 year time bomb.
“Building in the bear” isn’t just some trite cope line.
It's legitimately the key to your success.
Had I not full time, no life traded the entirety of 2022 during those dogshit conditions I would not be where I am today. I owe everything to that sacrifice.
Now, 4 years later after several profitable trading years. I will be the first to tell you that trading is NOT the most profitable strategy in crypto. Playing "the game" is.
BUT trading allows me to consistently build chips. It reduces the stress and pressure of those hyper intense market situations. It makes me not give a single fuck about cycle tops or bottoms.
Miss a rotation? Whatever.
Miss a meta? Whatever.
There's no shortage of opportunity if you can hang your hat on your skillset.
It doesn't HAVE to be trading though.
This industry has no shortage of opportunity.
Build. Code. Research. Design. Mod. Edit. Meme. Art. Analysis. Content creator. Writer. Educator. Podcaster. Accounting. so on..
Make yourself into a weapon.
If not today, then make sure you do it in "the bear market".
Whatever it is, it’s your edge.
It's your income.
This repeatable skillset becomes your safety blanket. It’s how you extract value from the market consistently. Not just during hype cycles.
Not just when your bags are mooning.
It gives you durability. The ability to stay in the arena long enough to actually catch the big cycles.
It gives you peace.
It relieves the pressure of having to make it NOW and allows you to solve for longevity.
Show up long enough and you will catch something.
Generational wealth requires two things, time in the market and not blowing up.
Most of you will blow up due to the pressure that the game induces.
Playing “the game” might give you a shot at getting rich fast.
But specializing is what keeps you here long enough to let time and experience do its job.
CryptaxUK retweeted
The Bank of England is proposing a cap on individual stablecoin holdings, limiting ownership to just £10,000–£20,000 per person in the name of “systemic risk.”
This is absurd, and we need to push back against this kind of regulation. Stablecoins issued onchain do not pose greater risks than traditional electronic money issued on more fragile electronic databases.
ft.com/content/d80b21d7-2c7b…
Can highly recommend. Have been subscribed for a while and read every single issue. Great way to keep up to speed with everything going on in crypto! 👍🏻
CryptaxUK retweeted
📢 UK crypto industry takes a stand for fairer DeFi taxation!
We’re proud to stand alongside key industry leaders in calling for urgent tax reform on DeFi lending and staking.
Today at 1pm, we sent a joint letter pressing the UK government to align crypto tax policy with traditional finance - removing unfair tax burdens that impacts over 1.2 million UK crypto investors.
CryptaxUK retweeted
Advice + Security Tips For 'Class Of 25' New On-Chain Crypto Participants
🧵
Had a few dm's asking me about this from people just venturing into the choppy on-chain seas, so wanted to do a post about it...
1) triple check all your transactions before you hit 'submit' on them, especially when sending funds anywhere
2) don't be lulled into a false sense of security because you are using a ledger/hardware wallet... These are to protect from very specific attack vectors only and do not protect you from signing a malicious transaction, losing your seed phrase, etc - which seem to be the most common causes of lost funds among new crypto participants...
3) constantly think of 'worst case scenarios' - don't deposit some sizable portion of your net worth into a protocol unless you're 100% prepared to lose it all in the event of an exploit
4) if you're exploring the on-chain world, keep a google sheets doc or excel file on all your positions or some other way of keeping notes on them... columns can be something like Wallet/Chain/Protocol/Token/Token Amount/Dollar Amount/Notes... and in the 'Notes' section you might put something like "Bridged $500 via xyz protocol on abc chain 01.17.2025- has not yet gone through - make sure to check later"... or 'Protocol does not show up in DeBank - make sure not to forget about this deposit'... etc...
5) one of the best investments you can make is a dedicated $200 chromebook you use only for on-chain crypto, so you're not navigating it from the same device you are answering emails and doing other stuff on...
6) don't agree to invest money for family or friends, it never ends well
7) take radical ownership of your decisions... don't blame the current CT main character when you lose money in their project - YOU were the one who put money into it
8) Discord and TG support servers are filled with scammers so be incredibly careful navigating them, same with the comment sections on any crypto projects' twitter posts
9) don't ever use google to navigate to projects' sites... scammers will use google ads and SEO to trick you into visiting malicious versions of the site in question... only navigate using trusted sources like @coingecko or @DefiLlama or links from the project's official twitter account (not a copy!) and make sure to still TRIPLE CHECK THE URL!
10) Cultivate a sense of continual hypervigilance - there is opportunity in crypto in part because it is still essentially the 'wild west' - so make sure you navigate it as such and always act in an intentional and purposeful manner!
If you are new to all this stuff I hope the above is helpful 💪
To all my gigabrain brypto friends reading this please let me know if I missed anything important and if so please add it below in the comments!
CryptaxUK retweeted
Post this picture with the hashtag #Soonic for a potential surprise.
Like and retweet to join the movement.
Budget Update (1/5)
Capital Gains Tax
Basic rate ⬆️ from 10% to 18%.
Higher rate ⬆️ from 18% to 24%.
No details of when these changes would take effect. Lifetime limit for BADR remaining at £1mil and BADR increases to be phased in to a maximum of 18% over the next 3 years.
🚨EDIT :- it appears that the CGT increases will take effect from today. Page 118 point 27. assets.publishing.service.go…






























