in hindsight we are all genius
polymath-gray.crypto
Joined July 2017
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Bitcoin prioritizes fixed, minimal functionality that is already complete; Ethereum prioritizes ongoing expansion that remains incomplete by design.
Bitcoinβs finality of design, dystopian-resilient path
vs
Ethereumβs evolving, utopian-dependent path
over the next decade...
sustained geopolitical fragmentation, higher inflation or capital controls, institutional distrust, slower or disrupted tech coordination increases demand for a neutral, censorship-resistant store of value rises while the need for continuous protocol upgrades falls
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Ledger hacker used zcash and was traced.
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) π§΅β€΅οΈ
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Continuing the era of you can just do things:
It is reasonable to assume that @MagicalTux doing physical audits of ledgers from resellers, to then find tampered hardware, identifying the supply chain attack saved hundreds of millions of dollars (if not billions one day) of wealth.
I salute you sir π«‘
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holy shit lmao
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1/ How I infiltrated a Chinese organized crime syndicate that has laundered $1B+ across multiple exploits for Lazarus Group.
Posing as a client, I gathered intel that helped action freezes for the Feb 2025 Bybit exploit and attribute illicit activity onchain.
When asteroid mining drives the marginal cost of physical commodities toward zero, the global financial system undergoes a fundamental paradigm shift. When physical scarcity vanishes, economic calculation must decouple from physical matter and anchor entirely to ... π§΅π
an object is no longer determined by the rarity of its components, but rather by the energy required to capture, refine, transport, and arrange its atoms. Because Bitcoin mining is fundamentally a mechanism that converts raw energy into cryptographic security, the entire global
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Shielded Bitcoin: Private Transfers on Bitcoin L1
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People think the minions router being baller as a joke. But I have extensively tested it and it is one of the best possible Wifi 6E routers money can buy. Like someone at Illumination Studios was like "idk $80" and the router manufacturer was like gotchu fam.
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Americaβs corporate governance system is broken, and itβs killing public companies. Look no further than Cracker Barrel: Decades of brutal mismanagement have seen one incompetent CEO after another walk away with a massive paycheck while customers and actual shareholders take a beating.
Why does this keep happening? Because proxy advisory firms like ISS are corrupt. They blindly rubber-stamp failing boards year after year, protecting the corporate elite while burning shareholder value to the ground.
The root of the rot is index funds. There's no question that indexing one's money is a smart financial move for most people. But just because you passively index your investments doesn't mean your corporate votes should be handed over to the managers of your fund so they can play politics. Right now, passive funds hold massive, unchecked voting blocks while having zero skin in the game themselves.
It is time for a simple rewrite of the rules: We need to index the votes of index fund investors.
Passive index funds should be forced to automatically split their votes to proportionately mirror those of retail and active institutional shareholders β the people actually doing the research, risking their capital, and fighting for performance in the companies they hold shares in. No more rubber-stamping. A change like this will immediately strip corrupt gatekeepers like ISS of their toxic influence.
True accountability happens when lazy, overpaid boards actually answer to the stakeholders they represent, rather than screwing them over.
Actual, logic-driven governance when your money is passive happens when your vote passively follows the voting decisions of the actual market.
We need to stop letting passive capital protect active incompetence. By stripping index funds of their arbitrary voting power and empowering engaged investors, we will finally torch corporate cronyism and usher American capital markets into a golden age of capitalism.
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This mf did not type this.
Today, Iβll cast my first Senate vote since I took a bad fall back in June. Iβm really looking forward to being back on the Senate floor and seeing my colleagues.
My recovery has been a long and often frustrating process, and the lingering effects of childhood polio havenβt made it any easier. Iβm still not quite back to 100%, but Iβve assured Leader Thune that, as I continue with physical therapy on the advice of my doctors, I will do my best to be present for tough votes when our Conference needs me.
Elaine and I are very grateful for all the continued well wishes from our fellow Kentuckians, and Iβm glad to get back to more of business as usual on their behalf this month.
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This is an insane story:
An energy company in Poland signed a deal on a yacht in Abu Dhabi to buy 6 million barrels of oil for $345 million.
Because of sanctions, the money was delivered via crypto. USB sticks containing wallet keys were given to sellers in Caracas.
The Polish company they sent tankers to pick up the oil and were ghosted by the Venezuelans, while their empty tankers sat off the coast waiting for a reply.
JUST IN: Poland scammed out of $230 MILLION on a Venezuelan oil deal after brokers were paid in Tether on USB sticks, proving you donβt need a memecoin to get drilled in crypto.
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Oh hell yeah, we are gonna learn about birds, one bird per day
bird of the day 1: abbott's babbler
(malacocincla abbotti)
> found in: southeast Asia
> habitat: degraded and secondary forest
> eats: insects and other small invertebrates
> status: least concern
πΈ: inaturalist.org/observationsβ¦
