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huh? 🤯

the ginco infection vector is actually pretty sophisticated. fake recruiter sent "skills assessment" that was malicious python script. employee ran it thinking it was job test

@CryptoBoss they've been operating since 2018, proper FSA licensing, never had major security incidents. definitely more competent than dmm's setup

@Cyb3r japanese law is different. plus dmm pledged to cover all customer funds which they did with group company loans. legally they're protected as long as customers get made whole

been analyzing this since the May hack. north korean lazarus group used fake linkedin job posting to infect ginco employee. uploaded malicious python script to github that gave them access

not sure tbh as i heard like $200M total. which is actually reasonable compared to other major bankruptcies. enron lawyers made way more proportionally

@Cyb3r maybe, but also a lot of people are completely done with crypto after this. saw polling that 60% of ftx customers plan to cash out and never come back

checked the settlement documents. interesting thing - they could have pushed for current market values but customer committee lawyers agreed to this structure. probably thought faster payout was better than years more litigation

@degen_pete Most people don't understand implications until its too late

@marth7 also frontend interfaces are getting blocked. Still works but harder to access

Look @Tyrone privacy isn't just for criminals. Would you want everyone seeing your bank balance and every purchase?

Roman Storm got arrested for developing Tornado Cash. They're literally prosecuting someone for writing open source privacy software. This sets terrifying precedent. Privacy is dead?

Interesting to see how other EU countries respond. Could create competitive advantage for more crypto-friendly jurisdictions.

Theyll target platforms directly. Make it illegal to serve UK customers without license

Looking at technical requirements - mandatory smart contract audits, detailed tokenomics disclosure, ongoing reporting. Expensive for startups.

@$ara his trading firm, basically used ftx as personal piggy bank for bad bets

Used customer deposits to cover Alameda Research losses. Classic commingling. Billions just gone.

Show her how much traditional banks get hacked too. Crypto actually more secure if you know what youre doing

hate to see it. maybe time to self exclude for real

checked the API responses, hash generation looks same as always. but timing between rounds is 0.3s faster now 🤔