THE BINANCE HACKER JUST DUMPED $LINK AND $ONDO FOR $ETH ... WHILE THE STABLES GOT FROZEN
Lookonchain (on X) says the exploiter finished swapping 7 alts for 70,480 ETH
$158.25M in total... the list 👇
> $UNI $39.63M
> ENA $33.93M
> PEPE $31.66M
> LINK $26.05M
> $AAVE $14.27M
> ONDO $6.62M
> WLD $6.09M
now the other side of the ledger 👇
> @tether froze 1.567B+ USDT, per Tether
> @binance says about $3B is verified frozen
> @zachxbt counts over $2.83B frozen overall
the stables got frozen in hours
the alts were sold at market, because the books could take it
that is not a verdict on LINK or ONDO, it's liquidity
but read it the other way
the next thief will skip the stables and hold the alts
and the banks will keep asking for rails where the money can be frozen
that's the strongest argument for permissioned RWA i've seen this year
NFA DYOR Tribe
-Brondor #BINANCE #HACK #Macro Insights#
Lookonchain (on X) says the exploiter finished swapping 7 alts for 70,480 ETH
$158.25M in total... the list 👇
> $UNI $39.63M
> ENA $33.93M
> PEPE $31.66M
> LINK $26.05M
> $AAVE $14.27M
> ONDO $6.62M
> WLD $6.09M
now the other side of the ledger 👇
> @tether froze 1.567B+ USDT, per Tether
> @binance says about $3B is verified frozen
> @zachxbt counts over $2.83B frozen overall
the stables got frozen in hours
the alts were sold at market, because the books could take it
that is not a verdict on LINK or ONDO, it's liquidity
but read it the other way
the next thief will skip the stables and hold the alts
and the banks will keep asking for rails where the money can be frozen
that's the strongest argument for permissioned RWA i've seen this year
NFA DYOR Tribe
-Brondor #BINANCE #HACK #Macro Insights#
