The $6.3 billion Binance hack case: the White House gave the year’s most baffling response.
The FBI has made its call: North Korea’s TraderTraitor group was behind it, with a complete chain of evidence. But when Trump was interviewed, he said: “We don’t know if North Korea did it, but if they did, we’ll talk to them.”
Wait—the FBI has confirmed it, and the president still says “we don’t know”? And he says he’ll “talk” to the hackers? I’ve been turning this contradiction over in my mind—the exchange may not be a security incident in Washington’s eyes at all, but a card to play at the negotiating table.
On-chain data doesn’t lie. DefiLlama: after withdrawals resumed, Binance saw $3.5 billion in net outflows on Sunday. The official prefunding ratio rose from 90% to 95%, and withdrawals finally stabilized. Users say they trust Binance, but their hands have already moved their coins out.
The prefunding is real money, but Binance hasn’t explained how it will ultimately plug the $6.3 billion hole. Monday’s PoR will be the first major test. Will the audit methodology turn out to be another muddled affair? We’ll see.
By contrast, traditional finance is still moving on-chain at full speed: DTCC’s tokenization service officially went live, Ondo Stocks expanded to Robinhood Chain, and Ondo Smart Portfolios launched on Solana. Exchanges are bleeding while infrastructure is accelerating.
$BTC is hovering below 80,000; the Fear & Greed Index is at 30. PoR today, election results tomorrow—the risks keep coming. There’s no shame in keeping positions small and watching from the sidelines.
NFA DYOR
#币安 #比特币 #朝鲜 #代币化 #Cryptocurrency
The FBI has made its call: North Korea’s TraderTraitor group was behind it, with a complete chain of evidence. But when Trump was interviewed, he said: “We don’t know if North Korea did it, but if they did, we’ll talk to them.”
Wait—the FBI has confirmed it, and the president still says “we don’t know”? And he says he’ll “talk” to the hackers? I’ve been turning this contradiction over in my mind—the exchange may not be a security incident in Washington’s eyes at all, but a card to play at the negotiating table.
On-chain data doesn’t lie. DefiLlama: after withdrawals resumed, Binance saw $3.5 billion in net outflows on Sunday. The official prefunding ratio rose from 90% to 95%, and withdrawals finally stabilized. Users say they trust Binance, but their hands have already moved their coins out.
The prefunding is real money, but Binance hasn’t explained how it will ultimately plug the $6.3 billion hole. Monday’s PoR will be the first major test. Will the audit methodology turn out to be another muddled affair? We’ll see.
By contrast, traditional finance is still moving on-chain at full speed: DTCC’s tokenization service officially went live, Ondo Stocks expanded to Robinhood Chain, and Ondo Smart Portfolios launched on Solana. Exchanges are bleeding while infrastructure is accelerating.
$BTC is hovering below 80,000; the Fear & Greed Index is at 30. PoR today, election results tomorrow—the risks keep coming. There’s no shame in keeping positions small and watching from the sidelines.
NFA DYOR
#币安 #比特币 #朝鲜 #代币化 #Cryptocurrency