Joined crypto to be financially stable, became mentally unstable instead. | Co-Foundooor @PudgySG 🇸🇬 | Prev @nansen_ai , @PudgyPenguins 🐧

Singapore
Joined January 2011
This is the most serious 48 hours in cybersecurity history. "Black October" they're calling it It seems every *hour* there's a new incident, that in a typical year, would be one of the biggest incidents of the *entire year* SUMMARY OF THE LAST 48 HOURS: YEAR-LEVEL INCIDENTS (In a typical year, these would be among the biggest incidents of the year): 1. PHP2Shell: a hole in the software behind ~70% of websites. Governments took sites offline. 2. eMudhra: the master keys that prove websites are real were cracked. One was the number 4. 3. California: data on every public school student since 2023 stolen, including disability status 4. Railway: hackers stole customers' secret keys from a hosting platform used by millions of developers 5. Zeabur: 321,810 accounts breached. The company is shutting down. 6. LiteLLM: an AI tool downloaded 3.4 million times a day was poisoned with a password stealer 7. GitLab: a 10-out-of-10 severity hole in every version since 2014 8. Cairn: criminals used an AI hacking tool to break into 100+ companies 9. Ahold Delhaize: hackers knocked the owner of Food Lion and Stop & Shop offline 10. Onamae: malware planted on up to 26,739 customer servers in Japan MONTH-LEVEL INCIDENTS (In a typical month, these would be among the biggest incidents): 11. Signal: a bug could leave your mic and camera on after you hang up 12. NGINX: 3 critical holes in software running ~1/3 of websites 13. HTTP/3: a single connection can crash 7 of the 10 web server types tested 14. Plex: hackers breaking into home media servers 15. SafePay ransomware: FBI warns it has hit 600+ critical infrastructure organizations 16. Palo Alto: ransomware gangs breaking in through company firewalls 17. Bullhorn: platform used by 10,000+ companies knocked offline 18. Medi-Cal: 970,000 patients' data stolen 19. WordPress: hackers stole a plugin maker's keys and used them to plant backdoors on websites 20. AOMEI: backup software's update server handed out a backdoor 21. Meta Muse: Meta's AI agent exposed users' personal and business secrets 22. Tor: 333 relays hijacked to steal logins 23. TiDB Cloud: database company's cloud breached Also serious: 24. State Bank of India: India's biggest bank confirms a data breach 25. OVHcloud: hackers slipped a password stealer into a cloud company's official tool 26. Siemens: a software hole being used to spread malware 27. North Korea: state hackers launch a new attack campaign on South Korea
Guys I’m scared the takeoff is starting. I swear any one of the ~10 CVEs that dropped in the last 24 hours would’ve been “one of the worst in recent years” except a new one is dropping every hour
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So basically, today PHP got two critical bugs that let anyone run code on your server without even logging in, which is bad, and then the details leaked before the patch was even out, which is worse, and it works on WordPress and MediaWiki and Magento and Joomla and Laravel, and Censys says like 1.5 million servers are running a version with no fix, so the NSA was like "take your system offline," and the FBI was like "take your system offline," and CISA and the UK and CERT-EU were all like "take your system offline," and then the Prime Minister of Japan, the actual Prime Minister, posted at 5:55 in the morning telling 48.8 million people to take their system offline, so everyone took their system offline, like the Dutch cybersecurity agency took its own website offline, and the Dutch parliament went offline, and the Port of Rotterdam went offline, and Finland and France and Denmark started pulling government sites, and Wikipedia went down, and Archive.org went down, and Asana and GOG and Something Awful went down, and the University of Vienna's webmail went down for some reason, and that's just PHP. Because GitLab also dropped a CVSS 10.0, which is the highest score they give out, for a bug that's been there since 2014, so that's every self-hosted GitLab for twelve years, and then LiteLLM 1.107.0 got hijacked and shipped a credential stealer and a remote access trojan in every single wheel and the Docker images, including latest, and you didn't even have to import it, just installing it was enough, and it's the second time this year, and then Railway paused every deployment on the entire platform because someone got into the environment variables, so now everyone has to rotate every secret they've ever stored there, and TiDB Cloud said someone was walking around inside with stolen credentials for basically a month and an extortion group says they took 10.6 terabytes, and Zeabur got breached for the second time in two months and is just shutting down, like the whole company, and Node.js patched remote code execution and a TLS bypass, and CISA says Plex is being actively exploited, and someone took over 300 Tor exit relays to steal SSH passwords, and SafePay ransomware has hit over 600 critical infrastructure orgs, and India's biggest bank filed a data loss incident, and Japan has been in an official state of emergency in cyberspace since October 9, which honestly explains the 5:55 AM post. Oh, and eMudhra, a certificate authority that's issued over 60 million certificates, whose entire job is proving websites are who they say they are, was supposed to be using private keys that are random numbers over a hundred digits long, and one of them was 4. Just 4. And the others were like 66 and 237. Anyway, it's Wednesday.
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When you're $5 away from liquidation and the market pulls a 360
so used to thinking everything is AI... had to quadruple check if was real or not lol
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.@lokithebird hacked my wallet and made me buy 2 @OriginalBlokyz.
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While you all tryin' to fud @pudgypenguins , I deposited $ETH to buy more
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Shaun retweeted
I sold all of my crypto today due to quantum risks into my banks with higher quantum risks
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And it's true. Ex-staff here so I usually lean on the side of being overly critical on their actions, but man's got a point. Farmers are net extractive and will dump any airdropped tokens into oblivion. Better to be pragmatic and cut losses, than to have TGE-ed and failed. Heart goes out to the real users who spent time/money/effort on Abstract thou.
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Shaun retweeted
>be me. >find out fiat currency is a scam. >find Bitcoin. >Bitcoin is pure math. >Buy Bitcoin. >find out math is also a scam.
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Shaun retweeted
I've read this post 5+ times and I increasingly have trouble with the core point. If ECDSA breaks without warning, we have so much more to worry about than our magic internet money. Internet security as a whole is gone. SSL/TLS gone, the internet is now transparent. Not just internet security as well - a large portion of physical security would become irrelevant too. You can't have secure digital locks if encryption is dead. You can't secure surveillance footage if the gateway it's stored on can be wiped out on a whim. We would have much bigger problems than "your magic internet money gets stolen." The floor would drop out of the global economy. Most importantly - the answer to transparent encryption simply cannot be "hide your magic internet money" when the internet wouldn't exist anymore. You'd be relying on this technology coming back online, and not just that, you'd be relying on the tokens you stashed away being the relevant ones when it does. I get the ~reasonable dooming here, but if we're going to doom you have to take it to its conclusion. You're going to be much better off investing in gold or cylindrical lead if your core hypothesis is "ECDSA could be broken within months"
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.
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Big brain discussions going on over in @LayerZero_Core’s telegram @PrimordialAA casually dropping giga bullish news for $ZRO
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Lots of grave dancing on Abstract's shutdown. They tried something and it didn't work. And it's okay. Return to solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv. Return to Pudgy Penguins.
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Shaun retweeted
Abstract did the honorable thing. They could have gone ahead with a TGE and raised a boatload of money from it. It's what blast did. Instead they admitted defeat and wound down without a TGE. Yes people still lost money, but it could've been worse. Respect for that.
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Thank you @OnlyShauns & @masknetwork for organising this awesome hot event! Cheers!
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Wooo what a dinner Haidilao is a great way to start Token2049 Singapore week! Thank you @OnlyShauns @FoxyPenguinApe @masknetwork !
who am I seeing at Haidilao tomorrow?
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From the timeline to the same table Now we eat 🔥🍲 @PudgySG
...and the pengus have arrived 🐧 started on the timeline. now there's a room, a deposit, and a door. Oct 5. Haidilao Marina Square.
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First dinner with the @PudgySG fam
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THIS MAN JUST MADE THE BEST #BITCOIN AD EVER HE PUT $100,000 IN THE BANK AND CAME BACK THE NEXT DAY TO WITHDRAW IT THEY REFUSED TO GIVE IT BACK "IT’S YOUR MONEY UNTIL YOU ACTUALLY WANT IT" MUST WATCH 🔥
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I'm the API between Claude and my manager
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🐧 In Singapore for #TOKEN2049? Join us for a cozy hot pot dinner with PudgySG and @MaskNetwork. 📅 Oct 5 | 🕖 7PM 📍 Haidilao Marina Square $10 SGD deposit, refunded at check-in. 🎟 RSVP: luma.com/81hrpvt7 (Holders prioritised)
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State of the market: Rugged by the MagicEden exploit for..... $1.89 We are so back.
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And yes, of course I've got 69 approvals open. Literally cents to revoke each. Gud tek
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