20:24 UTC: @Binance hot wallets start bleeding.
20:57: First freeze hits.
What happened next? A 5-hour war between the hacker and every team with a freeze button.
Final tally: ~$3B locked down.
This is what institutional coordination looks like when the stakes are existential. Centralized controls saved billions while everyone screamed about decentralization.
The irony? The same freeze functions degens hate just prevented the biggest crypto heist in history.
20:57: First freeze hits.
What happened next? A 5-hour war between the hacker and every team with a freeze button.
Final tally: ~$3B locked down.
This is what institutional coordination looks like when the stakes are existential. Centralized controls saved billions while everyone screamed about decentralization.
The irony? The same freeze functions degens hate just prevented the biggest crypto heist in history.