MoonMan567

Binance says, “Your money is there.” From now on, you don’t have to take their word for it. Anyone can check their balance themselves.

The exchange published a cryptographic proof of reserves (ZK-proof) as of October 31. If you hold $BTC , $ETH , USDT, $BNB , SOL, USDC, XRP, USD1, RLUSD, or ZEC on Binance, you can visit the Proof of Reserves page to verify that your balance is backed at least 1:1.

What else we know:
- ~95% of losses are covered; the rest are less liquid tokens that are being acquired;
- net outflows since withdrawals opened: $3.64 billion, or 2.1% of assets;
- a new snapshot with more tokens is coming on November 4, with results in 40–50 hours;
- the next phase of withdrawals is also on November 4.

CZ is already comparing this to Mt. Gox: back then, 5–7% of all bitcoin disappeared, and nearly all customers lost money. This time, the exchange itself took the loss. Now you can verify it instead of just taking their word for it.

A fair caveat: proof of reserves is not a company audit. But it’s the most a user can verify independently—and it’s exactly the kind of proof FTX lacked.

Only check on the official Binance website. “Balance verification services” on messaging apps are scams.

That’s it for my series on the hack. Have you checked your balance yet?

“A Binance engineer had an affair with a North Korean spy and left a laptop unattended.” This story is already being shared with a reference to ZachXBT.
I checked. It’s fake.

The source is an unverified post by the AlphaWire account, which has garnered over 220K views. Binance co-founder He Yi said ZachXBT never said this. ZachXBT himself hasn’t confirmed it.

Now for the actual figures from the first day after withdrawals opened.

Over 9.5 hours, users withdrew $4.65 billion and deposited $1.01 billion. Net outflow: $3.64 billion. According to Binance, that’s 2.1% of the exchange’s assets. Binance’s balance of $BTC fell by about 19K coins in 24 hours, with some going to Coinbase and Kraken.

What does this mean? People are withdrawing their money, but the exchange withstood the initial pressure, and according to Binance, outflows are already stabilizing. The full picture will be revealed by the proof of reserves, expected on November 3.

The main lesson from this story isn’t even about a hack. A sensational fabrication involving a “famous name” spreads faster than official figures. Before sharing, look for the original source.

Have you also seen this story about the spy? Where exactly?

The Binance hacker stole $6.3 billion. And just gave up $5 million for $71.

A wallet that analysts link to the attack sold ~908K tokens $PROM (~$5M) through an almost-empty Uniswap pool. It received 0.0316 ETH. You can’t fake liquidity, not even with billions in stolen funds.

At the same time, they’re swapping ~970K $SOL (~$96M) for $BTC . The FBI has already named the culprits: North Korea’s TraderTraitor, and expects further laundering.

Now, about your money. Binance has opened withdrawals for the first batch of networks: BTC, ETH, BNB, XRP, DOGE, Base, Optimism, as well as USDT and USDC on ETH and BSC. The rest will follow in stages, after checks. The exchange says it has already covered over 90% of the stolen funds with its own money.

But open withdrawals aren’t the finish line. They show that the system is working, not that it’s fully solvent. The next milestone is a full proof of reserves, expected on November 3. Yesterday I wrote that it would be on the 2nd: the date was уточнена—correction.

If you’re withdrawing: double-check the network and address. And don’t trust any “Binance support” accounts on messaging apps.

Will you withdraw now or wait for the proof of reserves?

“Millions of Ukrainians will lose money because of the Binance hack.” Headlines like these are circulating in Ukrainian media right now.

Where the figure comes from: Ukraine has 6.5–7 million crypto owners. But even Vadym Denysenko, who made this claim, warns that this is not the number of people affected. And it refers to the worst-case scenario.

What we know as of October 31:

~$6.3 billion was stolen from the exchange’s hot wallets. Elliptic puts the figure at $6.43 billion.
~$3 billion has been frozen. But frozen doesn’t mean returned.
Binance says it has set aside more than $6.34 billion of its own funds, about $5 billion of which is already in the same tokens. It is buying up the rest.

Why “the same tokens” matter: your balance in the app is just an entry on the exchange’s books. They stole $ETH , but if the exchange covers it with dollars, it becomes dependent on price movements.

Three dates that will reveal the truth:
November 1 — phased reopening of withdrawals.
November 2 — updated proof of reserves.
After that — a technical report.

Proof of reserves is not an audit. It may not show liabilities. Don’t focus on the headline; look at what’s included.

For now, there’s only one conclusion: there’s no evidence for the claim that “millions will lose money.” But it’s also too early to be completely certain.

And “fund recovery agents” are now preying on your fear.

Have you already withdrawn some of your funds from the exchange, or are you waiting for the proof of reserves?

On October 29, crypto suffered two hacks in one evening. And neither one broke the blockchain.

Binance: about $6.3 billion from hot wallets across 10 networks. The biggest hack in history; the previous record was Bybit, at $1.5 billion.
Polymarket: ~$2.7 million from more than 700 accounts.
A difference of more than 2,000 times. The method was the same.

Polymarket: a contractor’s script, which was only supposed to measure the site’s speed, was tampered with. In the browser, it gained the site’s own permissions and sold users’ positions.

Binance: according to the exchange’s initial account, a DevOps engineer’s laptop was hacked, and through it, a service container that handled withdrawals. More points of entry were found later.

The cryptography held up. The smart contracts held up. The laptop and analytics script didn’t.

For now: ~$3 billion frozen; the trail leads to North Korea’s TraderTraitor; Binance promises to cover all losses. $BNB fell by 8% in a day.

Practical advice: after hacks like these, scammers launch a wave of “compensation” scams: fake websites and emails from “Binance Support.” The exchange’s wallets were affected, not your balances. There are no compensation claims to file. Any “payout” link is a second hack. This time, of you.

After this evening, would you keep more on an exchange or in a cold wallet? Why?

The NBU raised its rate to 16.5%. It decided to defend the hryvnia with more expensive money.

Starting October 30, the key policy rate is rising from 16% to 16.5%. The reason is mounting inflationary pressure and worsening price expectations. The NBU’s baseline forecast is to keep the rate unchanged until the second quarter of 2027, but if risks change, the decision may be reviewed too.

What does this mean in practice? Hryvnia deposits and domestic government bonds may remain attractive, while banks are being signaled not to rush into lowering the cost of money. This is no gift for borrowers. For the foreign exchange market, tighter policy is intended to curb inflation expectations and demand for foreign currency.

What about crypto? Let’s not rush to draw a red candle. The NBU’s decision does not directly determine the direction $BTC : global liquidity, Fed policy, and risk appetite have a much more direct impact.

My take: when hryvnia-denominated instruments offer competitive returns, savers have another reason not to keep everything in foreign currency. But the rate does not make inflation or wartime risks go away.

Follow @MoonMan567 - we break down macroeconomics here without magical chart forecasts.

The U.S. posted stronger GDP. Inflation came in as expected. For crypto, this isn’t as straightforward a signal as it seems.

The economy grew by 3.4% in Q3 on an annualized basis, versus a forecast of 3.2%. Core PCE rose 0.3% month over month—exactly as expected, though higher than the previous 0.2%.

What does this mean? The economy is holding up for now, and price pressures haven’t disappeared. That gives the Fed less reason to rush into cutting rates. And higher rates for longer could weigh on liquidity-sensitive assets, including crypto.

But calling the report unequivocally bearish is an exaggeration. Inflation didn’t exceed forecasts, and markets trade not the numbers themselves, but the difference between them and expectations.

My takeaway: don’t confuse strong GDP with an automatic drop in $BTC . Watch how expectations for the Fed change, not just the red and green arrows on the economic calendar. Follow @MoonMan567 -—here, context matters more than signals.

Have you ever handed your card to an acquaintance who recruits money mules “for a minute”? Now that could be more than just a foolish decision—it could turn into a criminal matter.

On October 28, the Verkhovna Rada passed draft law No. 16013 on liability for handing over cards, payment details, and account access for fraud or other crimes.

But there’s a catch: handing over a card doesn’t automatically mean prison. The purpose and specific circumstances matter. For some actions, the new article provides for a fine; for others, a restriction of liberty or 2–4 years in prison. Repeat offenses or actions by an organized group under this article carry 4–6 years. The “eight years” mentioned in some channels’ headlines is not a standard sentence for every money mule.

My advice is simple: don’t hand over your card, PIN, SMS codes, or banking access in exchange for a reward or a “favor for an acquaintance.” If someone else’s money passes through your account, it won’t just be the scheme’s organizers who have to explain where the transactions came from.

When it comes to financial security, “I just lent them my card” isn’t a magic phrase. Follow @MoonMan567 —we break down the risks before they become a problem.

There are two tax stories in Ukraine—and they’re about two different things. Don’t lump them together as “everything is taxed now.”

From January 1, 2027, income earned through platforms such as OLX, Prom, Uber, or Airbnb will be subject to special rules. Under certain conditions, the rate will be 10% personal income tax, with no additional military levy. A tax-free allowance of up to €2,000 a year will apply to sales of your own second-hand items. In other words, every listing on OLX won’t automatically create a tax debt.

A different story concerns purchases from foreign marketplaces. The VAT exemption for goods worth up to €150 is set to be scrapped: 20% will be included in the purchase price. This will take effect no earlier than July 1, 2027, and only after a government decision. Non-commercial parcels between individuals worth up to €45 will remain exempt.

My takeaway: what matters is not just the percentage, but also who it applies to, who pays the tax, and when the rule takes effect. In tax news, the fine print is often more important than the big headline.

Follow @MoonMan567 —we break down not just the eye-catching figures, but what they actually mean.

Ethereum hit pause. And it’s a good thing it didn’t press the “launch anything” button.

The Glamsterdam upgrade was due to activate on the Hoodi testnet on October 26. But developers postponed the launch because of questions about EIP-8037—a change that revises gas costs for creating new blockchain state. There’s no new date yet.

The issue isn’t cosmetic. Security researchers warned that changes to gas accounting could also change how errors are handled in existing smart contracts. In some cases, an operation that would previously have reverted could potentially end differently; in others, a valid execution path could break.

This isn’t proof of an exploit on mainnet. It’s a compatibility risk that the team decided to check before launch. That’s what testnets are for—even if the crypto market sometimes acts as though testing gets in the way of innovation.

My position is simple: a delayed hard fork $ETH is better than a rushed hard fork with a surprise for DeFi. Developers can move the date. The consequences of a mistake are much harder to move.

Subscribe to @MoonMan567 —here, we judge technological progress not by the release calendar, but by what could go wrong.

Zcash surged 13% in a day. Whales are betting millions, and Crypto Twitter is already reaching for the crown for $ZEC . Let’s not rush.

There’s a specific catalyst behind the rally: developers approved the NU7 activation height — block 3,543,405, expected around November 5. The upgrade is supposed to cut the interval between blocks from 75 to 25 seconds. But activation is still ahead, and technical changes don’t guarantee a price increase.

At the same time, two large wallets opened 10x longs on $ZEC on Hyperliquid, with combined exposure of about $37.57 million. Longs, not shorts, as some people here are saying — that’s a difference of tens of millions.

Privacy interest and talk of quantum resistance are also heating up the market. But a loud narrative doesn’t yet amount to a proven technological advantage.

My favorite thing about rallies like this: when everyone explains why the price has already taken off, it doesn’t mean they know where it’s headed next. 10x leverage works both ways — and liquidations don’t read other people’s threads.

Interested not in crowning another coin, but in the mechanics of the move? Follow @MoonMan567 — here, hype gets a technical inspection.

France wants to tax crypto-to-stablecoin swaps. But it’s not over yet.

France is advancing a tax amendment that could make exchanging crypto assets for stablecoins a taxable event—even if the funds are not transferred to a bank account. Reports cite a 31.4% tax rate on profits.

But there’s a catch: the committee backed the proposal, while the budget section it was part of was later rejected. So it’s too early to present this as a law that has been finally passed, with a guaranteed start date of January 1, 2027.

If such a rule is introduced, it would change how people manage their positions: moving into a stablecoin could trigger a taxable event, even without converting to fiat. This could affect traders’ behavior, but claims that everyone will flock to DeFi or P2P are still just speculation.

What interests me here isn’t the eye-catching figure, but the principle: a taxable event could occur before the money reaches a bank account. In crypto, it’s important to read the wording of the law, not just the headline. Subscribe to @MoonMan567 -—we separate rules that have been passed from political intentions.

Truth Social is losing its audience. And crypto hasn’t helped.

According to Similarweb, in September 2026 Truth Social had an average daily audience of around 260,000 users, down from a peak of 420,000 in June 2025. The year-over-year decline exceeded 30%.

Shares of parent company Trump Media also came under pressure: on October 20, they hit a record low of $6.40. The company tried to expand into crypto assets, financial services, and fusion energy. Now its strategy is shifting back toward the media business and a deal with TAE Technologies.

But let’s not rush to declare Truth Social bankrupt. The drops in traffic and share price are facts; the claim that the platform is doomed because Trump’s political influence is waning is an interpretation. And the November elections haven’t happened yet.

My takeaway is simple: a famous politician’s name can attract attention quickly, but on its own, it doesn’t create a sustainable business model. Even the loudest brand eventually has to answer a quiet question: who is willing to pay, and for what? Follow @MoonMan567 - here, we look at the numbers, not just the political spectacle.

Analysts are most optimistic about $HYPE . But that’s no guarantee it will rise.

CryptoQuant founder Ki Young Ju drew attention to Hyperliquid: according to the analyst sentiment index, $HYPE outperformed other major crypto assets. On the CryptoQuant chart, it has a reading of +2.3σ — far above its own historical average.

What does this mean? Not that $HYPE will necessarily rise. The index shows how optimistic analysts’ assessments are compared with the asset’s typical level, not the likelihood of a profit.

And there’s an irony: according to BeInCrypto, at the time of publication, HYPE had lost about 15% over the month, despite analysts’ optimism.

I’d look not only at the green indicator, but also at whether it’s backed by demand, fee-funded buybacks, and actual price momentum. Even expert consensus can be wrong.

Sentiment is data, not a buy signal. Subscribe to @MoonMan567 — we look at what’s behind the numbers, not just the headlines.

Your phone number can become the key to your money. And scammers don’t have to steal your smartphone.

SIM swapping is a scam in which criminals take control of someone else’s number by getting a replacement SIM card issued. They can intercept SMS codes, try to regain access to online banking, or take out a loan in someone else’s name.

What to do:

* Register the number in your name or switch to a contract plan, if available.
* Ask your mobile operator about protection against unauthorized SIM replacement.
* Never share SMS codes with anyone, even “bank employees.”
* When changing your number, update it with your banks and important accounts first.

Suddenly lost your signal for no obvious reason? It’s not necessarily an attack, but contact your mobile operator right away. If you suspect your number has been hijacked, notify your bank and secure your accounts.

We protect our passwords, but forget that our phone number is often the way to recover account access. Digital security starts with the right settings. Subscribe to @MoonMan567 — here, we break down risks before they become a problem.

Fidelity sees the beginning of a new cycle $BTC . But a model is no crystal ball.

Jurrien Timmer, Fidelity’s director of global macro, believes Bitcoin may have moved into a new four-year bull cycle. One argument is the Power Law, a model that describes the long-term price trajectory of $BTC .

The chart shows how historical peaks and declines have lined up with the model’s support and resistance lines. But there’s a catch: a line that describes the past well isn’t necessarily going to predict the future accurately.

Fidelity itself reminds us that four-year cycles don’t follow an exact calendar. And price also depends on liquidity, monetary policy, and investor behavior—not just a pretty curve on a chart.

What interests me here isn’t whether a new bull run has begun. It’s how quickly an analytical model turns into a promise of growth on social media. A model is a way to interpret data, not a guarantee of profit.

So, less faith in magic lines, more context. That’s what I write about—follow along at @MoonMan567

35.7K $ZEC amid the bridge incident at ILITY. But has the connection been proven?

On-chain researcher Specter Investigation reported the movement of 35,714 $ZEC —approximately $41 million. According to their account, the funds passed through NEAR Intents and were then directed to Bitcoin and Ethereum.

Separately, the ILITY team confirmed a security incident on the network and temporarily halted the bridge. Specter linked a suspicious address to the incident and reported the withdrawal of 4.1 million ILY tokens.

But this calls for a level head. ILITY’s statement confirms an incident, and on-chain data shows the movement of funds. However, this still doesn’t prove that all 35.7K ZEC were stolen through the ILITY bridge. Zcash’s privacy features also make it harder to establish where the funds came from.

I’ve seen more than once how, in crypto, an investigative theory becomes a “proven fact” within a few hours. A transaction trail is a lead, not a verdict. If you care about evidence, not sensational headlines, subscribe to @MoonMan567

American inflation has gained another argument in its favor. And it’s not very welcome news for those hoping for the Fed to ease policy soon.

In September, PPI—the Producer Price Index—jumped 1.3% month over month, versus a forecast of 0.6%. Core PPI rose 0.7%, against expectations of 0.3%.

Retail sales also beat forecasts: +0.8% versus the expected +0.3%. But there’s a catch: higher gasoline prices accounted for a significant share of the increase. So nominal sales growth doesn’t mean an equivalent rise in real demand.

Together with yesterday’s CPI, these figures make the case for rapid rate cuts more difficult. That could put pressure on the crypto market, but it’s not a ready-made trading signal.

I wouldn’t mistake hot figures for an overheated economy as a whole. In macroeconomic data, the headline often shouts louder than the details.

Want to understand the mechanics behind the numbers instead of reading tea leaves on charts? Subscribe to @MoonMan567

Your bStocks can serve as collateral for margin trading instead of just sitting in your balance. In simple terms, collateral is assets you leave in Margin as security so you can trade with more than you have. You don't need to sell your tokenized stock to do this.

According to Binance's FAQ, bStocks are supported as collateral in Cross Margin, Portfolio Margin, and Portfolio Margin Pro. The current list of tokens and collateral ratios is on the Margin Data page.

Here are some terms to know in advance. You can't borrow bStocks themselves; they can only be used as collateral. Binance can change the collateral ratio at any time. Liquidation is possible if your margin level falls below the threshold. VIP 0–2 users must first pass an eligibility test, and additional restrictions apply to their accounts if bStocks make up a large share of their collateral and they use high leverage.

A detail from the October 12 announcement about dividend $MUB : dividends from assets held in Margin are credited to Spot, not kept in Margin.

Collateral isn't a free bonus—it's a tool that comes with the risk of liquidation. Check whether this feature is available in your jurisdiction, and keep an eye on your margin level, not just the stock price. This is not financial advice.

Would you use bStocks as collateral knowing these terms? #BinanceAngels #bStocks

Inflation in the US has reminded the market once again that cutting interest rates will be no easy task for the Fed.

September CPI rose to 3.7% year over year, against a forecast of 3.6%. Core inflation, excluding food and energy, reached 2.6%, versus expectations of 2.5%.

Month over month, headline CPI increased by 0.6%, while core CPI rose by 0.3%. Gasoline accounted for more than half of the monthly increase in the headline index.

This is neither a death sentence nor a gift for the crypto market. Persistent inflation could force the Fed to keep financial conditions tight for longer. And that affects investors’ willingness to take risks.

I wouldn’t rush to turn a single macro report into a forecast for $BTC . The more important question is whether the Fed sees a temporary spike in energy prices or signs of broader inflationary pressure.

In macroeconomics, the number makes the headline, but its composition determines what happens next. We break down the context instead of reading tea leaves in candlestick charts—subscribe to @MoonMan567