November 27, 2024: Our X/Twitter account (@threadreaderapp) got hacked and unrolls aren't working right now. We appreciate your patience until this is resolved.
Probably after the second fail, the address operator noticed an error and made some changes. Just take a look at how transactions stopped for an hour and a half (a tx with a 0.000609 fee, sent by someone not from this system).
Okay, one more pause
New portion of facts. I think that it is definitely clear that this is some kind of service, which has deposit addresses. After a closer look, it is also clear that transactions to deposit addresses have begun recently.
This graph shows that deposits began to occur from May 25. It is worth noting that from May 5 to 8 they were not. This speaks in favor of the version about the custody migration or the launching of new exchange
Let's take a look at the sources of these ETH. Most txs were sent from Bithumb hot wallet. Other addresses are also similar to exchanges in the way they send transactions.
Bithumb is again at the top of the list if we look at total amounts that were sent to the deposit addresses. It's still difficult to talk about the belonging of other addresses to specific exchanges.
Such facts give us two versions:
- txs with a large fee was sent by Bithumb;
- a large number of Bithumb customers (mostly Koreans) decided to try some exchange, which was recently launched and has certain technical problems.
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Today, we’re launching The Alpha Challenge, a two-week experiment for the crypto community to test their on-chain analysis skills and for Wintermute to hire top talent
We've also collaborated with six companies to provide exciting awards for those who will not be hired👇
2/6
We developed this idea because using case studies is our (and my personal) approach to hiring for research-related roles
The feedback was always excellent, so it would be interesting to check it on a larger scale
That’s why we're posting 10 case studies instead of a few
3/6
Think of this challenge as a simpler way to check your on-chain skills because if you collect 60+ points, then you’re in a good position to receive awards from our frens
If not, you can read writeups after the challenge ends and learn something new (similar to CTFs)
Alright, I've been sitting on this news all day, but let's look at the @BaldBaseBald deployer.
This is definitely someone from Alameda, but I don't think we can safely say that this is @SBF_FTX (even though he is a psycho)
Let's go👇
2/12
I started the morning by making sure that he is not a Coinbase insider, despite the mention of the address (0xccFa05) as the largest holder on DeFi governance forums
Upon closer inspection, one could find that cbETH was not minted by Coinbase, but was bought on Uniswap v3
3/12
Despite the incredible amount of funds the address held, the leading exchanges used were Binance, FTX, Coinbase
Nothing out of the ordinary, right?
It could be anyone, so I went to see if any previous addresses were associated with exchange accounts
For more than a week, someone has been trying to carry out a governance attack on @SwerveFinance (a dead Curve clone) and steal $1M+ in various stablecoins
Let’s figure out why he didn’t succeed and also find out who the exploiter is👇