A protocol you’re in just got exploited What you do in the next hour matters more than anything you read after Save this before you need it 🧵🧵🧵

Gm legends 🧘‍♂️ Update on the Bitget saga Official total is now $387.5 million They say that is Zcash and TRON added Not new theft after containment Withdrawals come back in phases All at 08:00 UTC 👉28 Sept: BTC 👉29 Sept: ETH on Ethereum, BSC, Arbitrum, Base, Optimism 👉30 Sept: USDT on Ethereum, BSC, Solana, Tron 👉2 Oct: other tokens, fiat, P2P Bitget says the vulnerability has been found and patched Bounty is live 5% to freeze, 5% to recover Circle and Tether froze about $318k in stables at one tagged wallet That is a sliver of $387.5 million Mandiant and SlowMist still investigating Full post-mortem still pending Still ignore recovery DMs Only verify from @bitget and @GracyBitget

Only follow official channels for updates

Gm legends 🧘‍♂️ Usdt didn’t start on ethereum or tron, it started on bitcoin 2014, tether’s first tokens were issued on bitcoin through the omni layer, back when bitcoin was the only chain that mattered Then it left Ethereum got faster, tron got cheaper, omni couldn’t carry a global dollar at scale, by 2023 tether stopped minting on omni entirely The world’s largest stablecoin became a bitcoin adjacent asset that almost never actually settled on bitcoin That’s the part people forget when ardoino posts four words, usdt on bitcoin, it’s coming home This isn’t a rebrand, it’s closing a twelve year loop Here’s what’s actually different this time Rgb protocol v0.11.1, built commercially by utexo, tether co-led their 7.5 million dollar seed round in march Not a wrapped token, not a sidechain, not a bridge iou Rgb keeps the asset data off chain and only commits a cryptographic proof to a bitcoin utxo, recipients verify the history themselves, lightning then moves the actual transfer off the public mempool Bitcoin for settlement security, rgb for private asset state, lightning for speed and cost That combination is the entire thesis Why this matters now and not in 2014 Usdt sits around 183 billion dollars today Tron alone holds roughly 94 billion of that, it won the fee war omni lost over a decade ago Bitcoin doesn’t need another symbolic listing, it needs a dollar rail cheap and private enough that wallets and exchanges actually route real volume through it Status check because hype is cheap Rgb is live on mainnet, tether has announced issuance, utexo is signing launch partners including unisat, wallets and exchanges are still in the integration queue This is a rollout, not a finished migration Utexo’s own co-founder said the quiet part out loud, if this fails, people stop treating bitcoin as a settlement layer for dollars at all Read “coming home” correctly It’s not nostalgia for 2014 It’s the same chain usdt was born on, finally getting the infrastructure it didn’t have the first time

Isn’t it unfair that most crypto debates on this app are about price Charts Entries Market cycles But in some parts of the world crypto isn’t an investment It’s the only option 🧘‍♂️ Let’s talk about what crypto actually looks like from a country where the bank already failed and the economy is against its citizens 🧵

First time aping into one on Fomo There’s something about this one on Arc chain that has my attention CA 0x5849fd68a097b3ee7d87ce88a0fcbb76857648ff Let’s see how this plays out 👀 @arcman1000x

Gm legends 🧘‍♂️ Yesterday was the halt Today is what happened after Cosmos Hub is back online The Hub itself was not the exploited chain ATOM from the Neutron incident had already reached the Hub That is why validators stopped the chain Those funds are now in a community validator multisig Neutron still owes the post mortem Until that lands ignore recovery DMs 👉A halt is containment 👉A multisig is recovery Do not mix the two

The next big need for AI might not be the models as most people would have been thinking It might be the infrastructure underneath them That’s why @dawninternet making digital infrastructure financeable onchain is interesting The USD.infra Vault creates a way to direct capital toward the compute and connectivity AI actually depends on The bigger idea is simple Finance the infrastructure, not just the applications built on top of it 🧘‍♂️

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