The bull market is currently going better than I expected and we're only getting started 😜
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Jack Reed retweeted
Superintelligence it is, then
I just signed an executive order permanently declaring Artificial Intelligence “Artificial Intelligence” in California. You’re welcome, America.
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Jack Reed retweeted
JUST IN: 🇺🇸 SEC Chair Paul Atkins says the crypto market grew from a "niche curiosity into a multi-trillion-dollar asset class."
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LATEST: 🇺🇸 The SEC has proposed a regulatory framework for investment advisers and funds to custody crypto assets, which Chair Paul Atkins says gives them "a compliant pathway where none existed before."
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This Q4 will define my life so far, totally locked in
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Jack Reed retweeted
been in crypto for nearly 10 years and i still always do a test $20 withdrawal first before sending the bulk
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Jack Reed retweeted
KelpDAO is migrating rsETH from LayerZero OFT to Chainlink CCIP. This is not just bridge drama. It is another signal that cross-chain execution remains one of the weakest trust boundaries in DeFi. The issue goes deeper than any single vendor.
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP. From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi. Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin. There are questions that the ecosystem deserves answers to. And we are ensuring rsETH is secured by infrastructure that doesn't leave these questions open. That’s why we’re setting the record straight.
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Jack Reed retweeted
Chainalysis (@chainalysis) 2026 Crypto Crime Report: personal wallet compromises grew from 7.3% of total stolen value in 2022 to 44% in 2024. In 2025: 158,000 incidents. 80,000 unique victims. $713M stolen from personal wallet compromises. WalletConnect (@WalletConnect) 2025 Year in Review: 55.5M unique users. 85.5K apps. $400B + in onchain activity. 392M total connections. 119% YoY growth. Connectivity became a real infrastructure category. In 2026, WalletConnect is expanding into payments with WalletConnect Pay: checkout, POS and PSP infrastructure. Connectivity is solved. Now let's be honest. A wallet today is still a key container + signer. Users still have to manually assemble an execution loop across 5–7 separate applications. Every handoff is a trust-boundary crossing. Every external component expands the Trusted Computing Base. Because connectivity ≠ execution safety. WalletConnect solved how to securely connect a wallet to a dApp: E2E encryption. Relay with no access to payload. It works. But an encrypted session does not answer the questions that determine the outcome of a transaction: Is this intent safe? Is the approval unlimited? Can the spender pull funds after disconnect? Will the transaction hit a public mempool? Is there native gas available to revoke? What permissions remain active after signing? The connection is protected. The execution is not. WalletConnect 2025 Year in Review → walletconnect.com/blog/walle… Chainalysis 2026 Crypto Crime Report → chainalysis.com/blog/crypto-…
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Jack Reed retweeted
History was happening right in front of us. while people were catching me up on what I'd missed over the past two weeks, one of the biggest thefts of the year was underway. Yeah, I'm still talking about @bitget getting cleaned out for $387.5m CT is still talking about how Bitget will cover the losses. researchers are digging through blockchains hoping for a bounty, and @zachxbt is already naming the middlemen laundering the stolen cash. (btw, I hope he actually gets paid for his work this time) I'm obsessed with wallets, so I went digging into how this attack was even possible and what the team did when they spotted it. Mandiant and slowMist lay out the attack vector in their reports. Links if you want to read them: img.bgstatic.com/multiLang/e… github.com/slowmist/Knowledg… But after reading them, I've got more questionss about the team's response than anything else... Three times in Bitget timeline. september 24, all utc: 19:05: Risk controls spot a discrepancy and block withdrawal requests. 20:40: The team starts moving funds to cold wallets. 21:44: They shut down withdrawals, including the transaction signing service. 2 hours and 39 minutes between blocking requests and shutting down signing. Were you guys asleep or what? And the thief didn't just leave some signed transactions behind and walk away. After 21:22, he was still looking through logs, checking request statuses, still trying to steal BTC. So requests were already being blocked. And the hacker was still in there, working inside the infrastructure. Take the usdc transfers. at 20:41, 2.6m usdc gets moved out of the hot wallet address on ethereum: etherscan.io/tx/0xb9f716952b… On Avalanche, that same address has 8.6m USDc left after a series of transfers around 20:40. at 20:55, 8.2M of it goes to the attacker: snowtrace.io/tx/0x4d2d95dadf… Why the hell was that money still there? Did you forget about it? Couldn't move it in time? I don't like kicking people when they're down. But for an exchange this size, this looks negligent. You're already blocking requests, you're moving funds, and the hacker is still working inside your infrastructure. Why were millions in usdc still sitting in that wallet for him to take later? Okay, a third-party vulnerability explains how he got in. But how far he could get into your systems and how fast you could cut him off, that's on you. I don't know what the team had figured out minute by minute during the hack. But being ready for shit like this should've been part of your product from day one. My feed is full of people talking about money leaving Bitget. Looks like net outflows hit roughly half a billion dollars in the first 24 hours after they started bringing withdrawals back. And I get it. nobody wants a security crew that's already there but holds back the homeowner while the thieves carry their stuff out. I'm a fan of decentralization. This just made me more sure of it. I want to control my own money and take responsibility for my own decisions. And if you take on the job of holding other people's funds, you're responsible for keeping them safe. (Protecting them, not paying them back.)
Replying to @Jhett_Green
$352m? If that number checks out, @bitget just made it into the biggest fuckups we’ve talked about here today This post was supposed to be satire… but seriously, this is awful. Really hope the team gets it sorted fast They have a Protection Fund, so I’m less worried about user funds. Bearish for the market. a reminder for users to be careful with their keys. and for those of us building, warm and hot wallets need more layers of protection
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Last day of September and last day of Q3, good time to sit with the book, which patterns paid, which ones didn’t. Q4 starts tomorrow, let's make it count
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It's national coffee day, I'll be celebrating by taking the exact amount of coffee I take every other day 😂 ☕
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Sensible regulation, rugpull is now for normal citizens again 😂
ICYMI: 🇺🇸 California Gov. Gavin Newsom signed a law on Sunday banning state officials from launching memecoins.
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Listen to saylor and spread BTC with love
Spread Bitcoin with love.
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Jack Reed retweeted
Operation Economic Outcast in full swing. @SecScottBessent
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LATEST: ⚡ Vitalik Buterin says Ethereum will evolve into a "cryptographic world computer" after Hegota, which is set to add FOCIL before deeper zero-knowledge changes at the base layer.
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Everyone wants the bull market, few survived the first half that made this Q3 possible. October starts in 3 days and the tl is already filled with uptober captions, are you treating q4 as the start or as the win?
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My $20 is safe 😂, I hope they recover what was stolen
JUST IN: Bitget crypto exchange begins resuming withdrawals following $388 million hack.
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How are people replying eth? 😭
What's the chain you trade on the most?
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One good month can change a year 📍
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