Not only that, but Len posted a photo on Flickr of his bookshelf, which included every book cited in the Whitepaper, including this pamplet with only 60 copies made And the author was his professor
Finding Satoshi doc was great. But, they missed a clue. Citation [2] in whitepaper is an obscure print-only paper from a conference in Belgium. It was basically only accessible via local university libraries in the region until 2020. Sassaman was PhD at KU Leuven in Belgium.
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Lazarillo retweeted
Yeah, I'm not interested in Alyssa Milano's novels. I'm interested in the books cited in the whitepaper and why they were all on Len Sassaman's bookshelf, including a booklet that only had 60 copies made, distributed at a conference by Len's professor in Belgium 🤔 @evan_worlds
Replying to @ramahluwalia
I think the probability of this is extremely low
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Hal would likely say Satoshi was Len. Len had the ideas. But Hal likely helped more than he acknowledged
'I suspect you got to the right answer': New Satoshi documentary makes the case Hal Finney and Len Sassaman were Bitcoin's co-creators theblock.co/post/398423/find…
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Lazarillo retweeted
Potentially could be one of the biggest supply chain attacks.
We’ve identified a security incident that involved unauthorized access to certain internal Vercel systems, impacting a limited subset of customers. Please see our security bulletin: vercel.com/kb/bulletin/verce…
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Very few people have ever mentioned this. The history of Drift's first rug is basically 80% my posts
Drift never made right the losses they occurred from the first issues of 2022 when Luna went to 0 and the system was attacked. Not sure why anyone ever trusted them after
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Lazarillo retweeted
The biggest crypto scam prosecuted in US history before FTX was called Virgil Sigma. VS founder Qin got 7 years in 2021 for stealing $90M While Qin was in court, Virgil's "first partner" David Lu was raising funding for Drift Lu wasn't charged, but I've heard things...
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Lazarillo retweeted
They also lied to VCs to raise more money when they were insolvent I know this because Drift team is so stupid, they left transcriptions with their lawyers and other internal docs totally unprotected on a Notion site LOLOLOL and I downloaded everything This whole scam got 0 coverage from the crypto media and "sleuths" who apparently wouldn't discuss things related to Alameda at that time
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Lazarillo retweeted
They reimbursed some, but many users lost a lot and Drift lied They broke during the LUNA collapse, shut down, and a week later they settled LUNA shorts at $4.35 when LUNA was dust. LUNA was $1 when Drift shut down, so $4.35 was a fake price So, they eventually returned collateral, but using fake numbers The whole dex was shut down for one year after that LOL And they gave zero compensation in the airdrop!
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Replying to @AzzyCrypto99
Yeah and their previous post on Medium said they were committed to "a resolution plan to reimburse traders impacted by this event" But they know most of us were short and got closed 300% above index price, yet zero compensation for us So that was a lie @DriftProtocol @davijlu
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In their defense, they are stupid enough to expose keys, since they left legal transctipts admitting to crimes on a Notion site with no password protection But also they're criminals, so who knows Many such cases among perp dex founders
Very possibly an inside job, considering the criminal history of @DriftProtocol founders
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Very possibly an inside job, considering the criminal history of @DriftProtocol founders
🚨BREAKING: Drift Protocol just got drained for over $200 million Solana's largest perps DEX. Gone in one transaction batch. The attacker didn't find a smart contract bug. They didn't exploit a flash loan. They walked in with the keys. On-chain data shows a single account initiating massive outbound transfers. SOL, JitoSOL, WETH, wrapped BTC, stablecoins in USD, EUR, and JPY. Even FARTCOIN. They took the FARTCOIN. A blockchain security researcher confirmed what everyone suspected: a private key compromise. The admin signer was either leaked or someone with access pulled the trigger themselves. And here's what makes it worse. The attacker funded the wallets a week before the exploit. Ran a test transaction. Then waited. This wasn't a hack. This was a heist with a rehearsal. Phantom Wallet already cut off access to the protocol. Drift posted about "unusual activity" and told users to stop depositing. $200 million gone and the official response is "unusual activity." Some estimates put the real number closer to $270 million. We won't know until the dust settles and the wallets stop moving. The funds are already being swapped to USDC and bridged to Ethereum. Classic exit playbook. This is potentially the largest Web3 exploit in three years. But who needs security when you have speed, right Kyle? 🚀
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It took a year for the Senate to confirm a new CFTC Chairman, but it was worth the wait. @ChairmanSelig announced today that the CFTC is working on new regulations for perpetual derivatives and onchain markets. You heard right. DeFi perps are coming to the USA. Hyperliquid 🇺🇸
CFTC @ChairmanSelig laid out an exciting roadmap for the Commission's top priorities at @MilkenInstitute's Future of Finance 2026 today: "I view Project Crypto as a historic initiative between the agencies to upgrade and modernize our rules and regulations and future-proof them for technologies like crypto...." "Many of the firms want to move onchain. The prior administration drove a lot of these firms and the liquidity offshore. The perpetuals markets are a great example of this. We've had perpetual futures contracts in crypto assets for a very long time[,] but they've developed offshore[.] We've got to bring that back to the United States. We need to have that liquidity here in the U.S...." "We're working towards getting perpetual futures, true perpetual futures, not long-dated contracts, here in the U.S. within the next month or so.... We're also working towards onchain markets, so we're looking to have clear guidance as to what sort of digital wallets would implicate our regulations. The prior administration really went after firms that were just offering software products...." "We're also working towards regulations that accommodate onchain software systems, so decentralized finance protocols and other types of blockchain networks.... We're going to make sure it's very clear as to what implicates the CFTC's regulations and what doesn't, and to the extent that an onchain software system or front-end does implicate our rules or regulations, we're modernizing and future-proofing those rules so that there's a place for all of that." HPC applauds Chairman Selig's forward-thinking approach to regulation and stands ready to support his crucial work ensuring that decentralized markets for perpetual derivatives thrive in the United States. 🇺🇸
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Lazarillo retweeted
Let's be extremely clear. UST failed because it was a ponzi scheme. It was a criminal enterprise that lured depositors with promise of high yield, paid from the deposits of new entrants. There is no possible universe where it didn't go broke. Jane St. probably helped it along, but they were already complicit and morally bankrupt through their insider-support of said Ponzi to begin with.
And there it is: Jane Street was behind the 2022 crypto winter, destroying Terraform by first depegging the token and destroying the ecosystem, then pretending it would rescue Terra, while effectively it was soaking up what little value remained.
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Polymarket and Kalshi aren't even close to being profitable, so if Zach is accurate, it can't be them lol Not sure how much insider info HL would have since they don't move markets with listings Maybe Pump...more likely a cex (Can't see much insider info for Tether etc)
Take your bets: - Polymarket / Kalshi (somewhat likely) - Hyperliquid (unlikely) - Lighter (unlikely) - Pumpfun (highly likely) - Any trading terminal, like Axiom (highly likely) Who you got?
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Polymarket is extremely vulnerable right now & more people are catching on So many possibilities to grief at a mass scale or even exploit this to make money Exploiters are calling incrementNonce with juiced gas on the CTFExchange contract as soon as they fill/get filled via API
Polymarket are now removing some of their derivate markets as people are catching on to how they can be rigged with the fake order glitch Attackers can post taker & maker orders which fill via the API but don’t get matched on chain This removes liquidity from the OB at no cost
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I would be Scipio if this were true
The punic wars, but this time for puns
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x.com/i/status/2025117690499… Many Balajitis suffererers, including almost all the replies
Honestly, having lived in both the West and Asia for perhaps equal parts of the last 6–7 years, I really do think the West is cooked. Asia is mostly full of optimism. It’s young, vibrant, and international. The West is absolutely lagging in the things that were once its points of difference (tech, quality of living, education), to the point that in a globalised world, apart from some very specialised services (think health, etc.), there’s no clear edge. High-speed internet access, and the growth of Chinese GDP and subsequent FDI via Belt and Road, have basically made Western standards of infrastructure seem “oriental” in comparison. Why rot away in a 3–4k a month apartment in your white trash republic when you could afford a two-storey loft in the inner ring of a high-end designer suburb in Asia for that same capital outflow? If it weren’t for the physical shackles of jobs, I could see a mass exodus or reverse brain drain from the West in the coming five years. Seriously, forget Dubai, it’s a soulless hellscape. East/SEA/China max and chill.
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Lazarillo retweeted
The SEC just handed crypto its most important win of the year so far, but nobody’s really talking about it. Here’s what actually happened today, and what comes next.
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Pretty big update from @HesterPeirce and the SEC today. Stablecoins can now be treated similar to money-market funds. TLDR: Broker-dealers can now apply only a 2% haircut on proprietary positions, instead of the conservative 100% haircut many were using out of caution. Why this matters: 1. Removes a major friction point for regulated broker-dealers holding stablecoins as part of their inventory or operations. Makes it much more capital efficient. 2. Makes it economically viable for institutions to custody, trade, and intermediate in stablecoins without massive capital penalties. 3. Lowers the barrier for deeper integration of stablecoins into traditional finance rails = better liquidity, more efficient settlement, and broader institutional on-ramps.
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A giant what? And how exactly did he help?
He helped scale FTX into a giant. Now @BrettHarrison has raised $52M to build @Architect_Fi’s AX, the first regulated exchange for perpetual futures on traditional assets. Tune in to learn about how Brett is using a crypto primitive to tap into a $15T+/day market.
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