building something truly special @annulario invoking global optima.
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offchain 🛡️ retweeted
Neobanks that experienced exploits/breaches in the last 30 days ↓
Aug 28: @avici - $500,859 drained
Aug 28: @useTria - $431,945 drained
Sep 11: @ether_fi - 15.45 ETH stolen
Sep 12 @Revolut - Customer data breach
Sep 24: @payy_link - $ ?
We gotta fix onchain security asap.
P.S. Worth mentioning that all losses from those projects were reimbursed.
Today at 4:21 UTC Payy’s bridge contract on Ethereum was exploited and drained of its full balance.
Investigation is ongoing and we are following incident response guidelines.
While we investigate, all Payy Network transactions are paused including deposits, withdrawals, transfers and card transactions.
We will continue to communicate updates here.
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offchain 🛡️ retweeted
weekend project: cypherpunkbooks.com
one shelf for books, manifestos, essays, etc... built it for myself to keep everything I want to read and everything i love in one place.
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right! this is to be expected.
also worth noting, community engagement on this situation is important & overall helpful. its nice to see such a wide spectrum of opinions here. from daily retail users, cryptographers to miners and investors.
speak out!
teams will surely find this public input useful in their own business ops. the fix was seamless this time.. but its now time we coordinate and plan for the ever increasing AI attacks that will surely follow.
time to harden and optimize.
There will be bugs.
Pretending otherwise, is delusional. Software security at its core is a never-ending race between the good guys and the bad guys. The good guys always have to stay at least one step ahead of the bad guys. AI doesn't change this game of cat and mouse, it just accelerates it.
Every piece of software has to run this race. There's no escaping it and there's no better team in the world to run this race than the team working on Zcash. Onward.
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the windshield is bigger than the rearview mirror for a reason. because whats in front of you is so much more important than whats behind you.
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Lavamoat & @SocketSecurity are pretty great
github.com/LavaMoat/LavaMoat
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2 years later and the thesis remains true.
Privacy stands as a towering challenge, yet with Zcash, it feels like the hardest puzzle is already solved.
This level of privacy is not just an add-on.
It's a fundamental cornerstone that empowers users with freedom and security, unlike anything else on the market.
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offchain 🛡️ retweeted
the price is the potential and the potential is infinite. privacy is priceless gentlemen.
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It takes a special type of human to work on privacy protocols & freedom-tech.
They are the long-term thinkers.
You literally can't beat them.
They've already realized that the TAM of everything public will have no choice but to become optionally private.
Thanks for playing
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Zcash x Solana x Bitcoin x Evm
all managed through one unified interface.
that's what we're building.
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the next chapter > @annulario
Koan is now Annular: the team has grown and so has the mission. The name alludes to the eclipse: transparency and confidentiality as two sides of the same instrument. Here's where things stand:
The core is a single interface across chains: send, swap, bridge, govern, and shield from one console, all anchored to a verifiable universal world state any chain can read.
Bitcoin, Zcash, Ethereum, and Solana, in chain-native address formats. Wrapped assets backed by natively held reserves with no custodial intermediary and no per-chain wallet overhead.
Underneath is a shared confidentiality pool. Every deposit deepens the same anonymity set: the more participants, the stronger the guarantee. Every settlement settles confidentially.
The mobile app is the other door into that pool, built for confidential payments between parties. Pay by name, ENS, or address, with amount and counterparty relationship kept off the public ledger. The same pool the treasury uses, scaled for a phone.
Threshold consensus. Universal world state. Confidential settlement. That's the essence of our work.
Everything from here is @annulario: visit annular.io for the full architecture.
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offchain 🛡️ retweeted
Globally, state after state is hurtling towards digital surveillance just at a time when we need to be having a discussion about how to protect ourselves from the surveillance capabilities of the future. Here, Switzerland. tuta.com/blog/switzerland-su…
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offchain 🛡️ retweeted
One of the underappreciated secrets to winning in any new sector is: just stick around.
If you just stick around long enough, the losers blow up early. Then the winners retire early. So eventually you win by just doing the work when nobody else can or wants to.
When people ask me how we built Dragonfly to became one of the biggest VCs in crypto, this is mostly the answer. We didn’t start with a big brand or any obvious advantages. Few people in the crypto world knew who I was before Dragonfly.
But we just kept doing the work. While others got too rich and retired, or just got bored or distracted, we kept doing the work. For 7 years.
It’s kind of that simple.
(This insight shamelessly stolen from @naval)
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Building privacy infra is cool because, the TAM is the entire TAM.
Once private transactions cost about the same as transparent, I believe users will almost always choose privacy.
At that point, the TAM for privacy becomes the entire blockchain economy.
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similar example from the @DefiLlama swap ui
why would you NOT choose to hide your IP.
no difference in user experience. price remains the same.
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