LC retweeted
Most institutions do not want to choose between a public network and a private one.
Public networks give them liquidity, shared settlement and access to the wider market.
Private environments give them control over sensitive business data, like client details and trading positions.
For years, the industry treated these as two separate paths.
That is changing.
At EthCC in March, institutional speakers said the industry is moving toward public chains with a privacy layer, rather than closed private ledgers.
In April, the XRP Ledger added zero-knowledge technology so banks could make confidential transactions on its public network.
The direction is clear: institutions want both in one place.
Diamante was designed as a hybrid Layer 1, with public and private environments running on the same network.
Businesses can keep sensitive workflows private while still settling on a shared public layer.
That combination is what real-world adoption needs.
LC retweeted
A network is only as useful as what people can build on it. Diamante was designed to support a wide range of real applications, including:
1. Digital payments
2. Tokenized assets
3. Supply chain applications
4. Digital identity
5. Enterprise systems
All of them can run and connect on one network, instead of being split across separate chains.
LC retweeted
The DTCC holds more than $114 trillion in securities. In July, it began live tokenized trades, with a wider rollout covering Russell 1000 stocks, major ETFs and US Treasuries.
Tokenized real-world assets have reached $31.4 billion, and tokenized stocks alone grew from about $375 million to $1.21 billion in one year.
Tokenization is moving from pilots into the systems that run traditional markets.
That changes what institutions look for in a network. They need predictable settlement, clear control over who can see what, and tools that fit how financial teams already work.
Diamante's Enterprise Chaincode environment was designed for this kind of business logic.
The next phase of tokenization will be shaped by infrastructure that works reliably every day.
Woke up to the news that @binance lost over $6B overnight. The biggest hack crypto has ever seen, and from what's been reported, it started with one engineer's laptop.
We went through our own incident at @diamante_io just days ago, so I know exactly how these first few hours feel for the team inside. Respect to the Binance team and to @tether and @circle for freezing funds as fast as they did.
What worries me is where this is heading. Attacks are getting faster, a lot of them are now AI assisted, and most of the industry is still running security like it's 2021.
There's also a bigger issue very few people are talking about. The cryptography protecting almost every wallet today won't hold up against quantum computers. Nobody knows the exact year, but keys and data collected today can be cracked later.
This is exactly why we built Diamante’s network to be quantum proof from day one. Honestly though, one chain doing it isn't enough. Every exchange and protocol should have a quantum plan in place now, not after the next big hack.
Stay safe out there. Double check every link and every signature today, scammers will use this chaos.
Please read this thread fully. We are making real progress, and we will share every step openly.
Your trust means everything to us, and we will not let you down.
Tough days show what a team is made of. Ours acted within minutes and hasn’t stopped since.
Read the full update from our founder, @chiragjetani, below. Your trust means everything to us, and we’re committed to earning it every day.
1/
A personal update on the $DIAM security incident on BNB Smart Chain.
The DIAM contract is fully back under Diamante’s control and secured in an MPC wallet. No one outside Diamante can create new DIAM.
Here’s what you need to know 🧵
To everyone in the Diamante community: I hear you, and I see every message. Your concerns are valid. We are fully focused on recovery and on making affected users whole. I’ll keep sharing verified updates here as soon as we have them.
OFFICIAL SECURITY INCIDENT ANNOUNCEMENT
To the Diamante Community,
We regret to inform our community that the Diamante ecosystem has experienced a security breach involving unauthorized activity by a malicious actor.
Immediately after identifying the incident, our team activated emergency security protocols and worked around the clock to contain the situation, protect ecosystem participants, and coordinate recovery efforts.
We want to clarify the actions we're taking and our commitment to the community.
1. Immediate Security Measures
We have been working directly with our exchange partners, market makers, liquidity providers, and listing partners to coordinate the suspension of affected withdrawals and transfers, restrict unauthorized asset movements, and prevent further exploitation.
Our security teams are actively monitoring the situation and implementing additional protective measures across the ecosystem.
2. Identification of the Attacker
Our investigation has identified the individual believed to be responsible for this attack.
We are actively coordinating with relevant law enforcement authorities, government agencies, and jurisdictional partners across multiple countries to pursue appropriate legal action and asset recovery.
We intend to exhaust every available legal and technical avenue to hold the responsible party accountable.
3. Comprehensive Investigation
We are initiating a full incident review with our technical and security partners to determine the breach's precise cause, establish the full sequence of events, assess the extent of any affected assets, and strengthen our infrastructure against future threats.
As the investigation progresses, we will share verified findings with the community while preserving the integrity of ongoing recovery and enforcement efforts.
4. Our Commitment to Making the Community Whole
We recognize the seriousness of this incident and the trust that our community has placed in Diamante.
Our commitment is clear: We will work to ensure that every affected participant in the Diamante ecosystem is made whole.
We are actively evaluating the full extent of the incident and coordinating the necessary recovery and remediation measures with our partners.
Protecting our ecosystem participants and their assets remains our highest priority.
5. Community Safety and Official Communications
During this period, we urge all community members to remain vigilant.
Please rely exclusively on verified Diamante communication channels for official updates. Our team will never request private keys, seed phrases, or wallet credentials, nor will we ask users to connect their wallets to unverified recovery websites.
We will communicate any required actions directly through our official channels.
6. Continued Transparency
We understand that our community deserves timely answers, accountability, and decisive action.
We will provide further updates as verified information becomes available, including the scope of the incident, progress toward asset recovery, and the measures being implemented to safeguard the ecosystem.
We are treating this incident with the utmost urgency and dedicating the necessary resources to resolve it.
To every member of the Diamante community, we recognize the responsibility that comes with your trust, and we remain fully committed to protecting the long-term security and integrity of this ecosystem.
Thank you for your patience and continued support.
The Diamante Team
LC retweeted
OFFICIAL SECURITY INCIDENT ANNOUNCEMENT
To the Diamante Community,
We regret to inform our community that the Diamante ecosystem has experienced a security breach involving unauthorized activity by a malicious actor.
Immediately after identifying the incident, our team activated emergency security protocols and worked around the clock to contain the situation, protect ecosystem participants, and coordinate recovery efforts.
We want to clarify the actions we're taking and our commitment to the community.
1. Immediate Security Measures
We have been working directly with our exchange partners, market makers, liquidity providers, and listing partners to coordinate the suspension of affected withdrawals and transfers, restrict unauthorized asset movements, and prevent further exploitation.
Our security teams are actively monitoring the situation and implementing additional protective measures across the ecosystem.
2. Identification of the Attacker
Our investigation has identified the individual believed to be responsible for this attack.
We are actively coordinating with relevant law enforcement authorities, government agencies, and jurisdictional partners across multiple countries to pursue appropriate legal action and asset recovery.
We intend to exhaust every available legal and technical avenue to hold the responsible party accountable.
3. Comprehensive Investigation
We are initiating a full incident review with our technical and security partners to determine the breach's precise cause, establish the full sequence of events, assess the extent of any affected assets, and strengthen our infrastructure against future threats.
As the investigation progresses, we will share verified findings with the community while preserving the integrity of ongoing recovery and enforcement efforts.
4. Our Commitment to Making the Community Whole
We recognize the seriousness of this incident and the trust that our community has placed in Diamante.
Our commitment is clear: We will work to ensure that every affected participant in the Diamante ecosystem is made whole.
We are actively evaluating the full extent of the incident and coordinating the necessary recovery and remediation measures with our partners.
Protecting our ecosystem participants and their assets remains our highest priority.
5. Community Safety and Official Communications
During this period, we urge all community members to remain vigilant.
Please rely exclusively on verified Diamante communication channels for official updates. Our team will never request private keys, seed phrases, or wallet credentials, nor will we ask users to connect their wallets to unverified recovery websites.
We will communicate any required actions directly through our official channels.
6. Continued Transparency
We understand that our community deserves timely answers, accountability, and decisive action.
We will provide further updates as verified information becomes available, including the scope of the incident, progress toward asset recovery, and the measures being implemented to safeguard the ecosystem.
We are treating this incident with the utmost urgency and dedicating the necessary resources to resolve it.
To every member of the Diamante community, we recognize the responsibility that comes with your trust, and we remain fully committed to protecting the long-term security and integrity of this ecosystem.
Thank you for your patience and continued support.
The Diamante Team
LC retweeted
There is a lot of noise about quantum computing and blockchains. Here is what a real migration actually involves, in plain terms.
First, inventory. Every chain has coins sitting in addresses whose public keys are already visible on-chain. Those cannot be protected after the fact; they have to move before quantum computers matter. This is the hardest part, because it requires the holders to act.
Second, signatures. Networks need address types and transaction formats built on signature schemes that quantum computers cannot break, introduced alongside the old ones so wallets, exchanges, and custodians can migrate at their own pace.
Third, wallets. The user-facing layer has to change: key generation, backup formats, and signing flows all touch post-quantum cryptography eventually.
Fourth, tooling that works across chains, so every network is not solving the same problems in isolation. This is precisely what the Quantum Alliance, launched on October 15 in Lisbon, has organized around.
None of this requires panic. It requires lead time, and lead time is the one resource you cannot buy after the fact.
Diamante does not need this migration. It was designed quantum-resistant from the ground up, so the clock never starts.
LC retweeted
Europol's October report puts roughly 6 to 6.9 million BTC in addresses with exposed public keys. Their assessment, in plain terms: exposed keys cannot be secured retroactively.
The only protection is moving those funds before a capable machine arrives, and that migration is measured in years, not weeks.
Diamante is built for the future.
LC retweeted
The best part wasn't the view of the track.
It was who was standing next to whom.
Thank you @introductioncom and all other partners for making the week what it was.
Singapore, debriefed.
Two penthouses. One race week.
Almost 2,000+ applications.
Here's what happened:
The VIP Penthouse, with @diamante_io.
Above the circuit, as TOKEN2049 began.
1,000+ applied, fewer than 100 got in.
Leaders from @coinbase, @Citi, @Fidelity, @chainlink and @MercedesBenz in the room.
The Penthouse: Trackside, with @CoinRabbitLoans.
A private brunch over Marina Bay as the Grand Prix built. 900+ applied, fewer than 50 got a seat.
Leaders representing @Google, @HSBC, @CNBC, @StanChart, @Bybit_Official and @krakenfx joined us to kick off F1 weekend.
Thank you to our partners @diamante_io, @CoinRabbitLoans, The Best Event, and Arcadia for making it happen.
This is what Introduction․com does.
We find the people moving this industry and connect them.
Our invite-only community anchors our in-person events, year round.
Apply to join 👇 (in comments)
LC retweeted
The post-quantum mindset is simple:
Assume today's assumptions can expire
Build the migration path before the deadline
Make security part of the architecture, not a patch
Boring? yes
Important? also yes
It’s high time Indian Web3 projects and projects with Indian teams stopped giving this f**kface @MarioNawfal any business or support. He’s a hypocrite who is more than happy to make money from Indian projects but has no problem posting such stuff on X. If he wants to profit from the Indian Web3 ecosystem he should also be held accountable for what he says about India
LC retweeted
Two names to know: Dilithium and Kyber.
Dilithium (ML-DSA) signs transactions in a way quantum computers can’t forge. Kyber (ML-KEM) exchanges keys in a way they can’t intercept.
Both are NIST-standardized. Both run at Diamante’s core. That’s what “quantum-resistant” actually means, not a marketing word, two specific algorithms doing specific jobs.
LC retweeted
Let’s talk about $2 trillion.
That’s roughly the value of crypto assets secured by encryption that quantum computers threaten. Not a projection of future risk, a measure of what’s exposed right now.
Inside that number: nearly 7 million BTC sitting in wallets already considered vulnerable, including Satoshi’s roughly 1 million coins that have never moved, in addresses whose public keys are visible on-chain.
Here’s why this matters beyond crypto Twitter. Institutions don’t allocate to infrastructure with a known expiry date on its security. Every fund, every enterprise, every government exploring on-chain assets is now asking the same question: what happens to this chain when quantum arrives?
Chains that answer “we’ll migrate by 2030” are asking for trust. Chains that answer “we were built for it” don’t have to.
LC retweeted
Last week Justin Drake called for "bunker mode": migrate to hashed-address wallets before quantum arrives.
He's right about the urgency. A hashed address keeps your public key hidden until you spend no public key, nothing for a quantum computer to attack.
But here's the honest part: hashed addresses only protect funds that haven't moved. Every transaction reveals the public key. And the 7 million BTC in vulnerable wallets can't migrate themselves.
Bunker mode is a good emergency plan. Architecture that never needed the bunker is even better.
