Satoshi Club Profile picture
Oct 7 10 tweets 8 min read
1/10 Another major #Cryptohack!
@BNBCHAIN got ripped off of over $110 mil. This sum's no joke!
What happened?
Will there be any consequences to the market?
What actions are @cz_binance and @binance's team taking to contain this?
A thread by @esatoshiclub! 🧵
2/10 Long story short, #BNBChain was hacked and the hacker got over $590 million in #BNB.

Fortunately for @binance and the whole market, he got off-chain just something over $110 million.

Let's see how it went down( no advanced technicals, just something all can understand).
3/10 Fortunately for us, @samczsun was there to analyze every minor detail of the hack.

The hacker somehow convinced the #BNBChain to send them over 1mil $BNB.

These coins are "false" #crypto. Meaning, the hacker got them from thin air, not actually issued by the #Binance.
4/10 The hacker found a way to forge block 110217401. By somehow changing the proof, he managed to ... hell, too much advanced knowledge ahead.

Here's how we'll do it. If you're interested in the technical details, go to @samczsun's page.
5/10 After we (kind of) explained how the hack went on, we're finally getting to the most important part. How will it affect #crypto?

First, let's say that although the 2M #BNB aren't completely real, the fact is that they flooded the market, diluting the value of other $BNB.
6/10 Getting to the price of $BNB, it went down over 7% after the hack was announced. The gains it made in October vanished.
Let's just say a big thank you to @cz_binance and his #developers that are currently working on getting all that $BNB frozen or burn. $7 mil frozen so far.
7/10 Thankfully, the #BNB community did great and the assets have been contained as quickly as possible.

Nevertheless, not all people are happy with these actions. Some are trying to compare #BNB to #LUNC.
Let's just say that it doesn't even come close to what happened to $LUNC.
8/10 The price didn't go down any further due to the amazing activity on @BNBChainDevs end.

They did an amazing job by shutting down the #BSC ( Binance Smart Chain) and containing the issue.

Also, they reopened it in a couple of hours, an action that saved the $BNB price.
9/10 Another great action was made BY @Tether_to. @usdtblacklist operatively blacklisted hacker's generated wallet.

This effort probably saved hundreds of millions of dollars from getting off-chain. Good job @Tether_to and @0xgolddust( the person who automatized the blacklist).
10/10 Let's see how things will develop further. Don't miss the updates by subscribing to @esatoshiclub. You can find the most important #cryptonews here!

Also, help us with an RT for our first tweet. Cheers!

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More from @esatoshiclub

Oct 6
1/14 The new package of sanctions against Russia is confirmed!

What sanctions are directly attacking #cryptocurrency and #digitalassets in Russia?

Were the previous packages so #crypto-focused?

Let's find all the answers right now!
A thread by @esatoshiclub! 🧵
2/14 Since the beginning of the #UkraineRussiaWar, Russia has been attacked with multiple sanctions packages from all around the world.

Although they didn't directly attack #cryptocurency and other digital assets, they did make some damage to the Russian #web3 community.
3/14 Here's a direct quote from the original EU package of sanctions from 23rd February 2022.

This happened right after the #Putin regime declared the recognition of the non-government-controlled areas of the Donetsk and Luhansk areas.
Read 14 tweets
Oct 5
1/12 What would happen with CT and #crypto as an industry if @elonmusk really bought @Twitter?

Will the #cryptocommunity see a new concept of Twitter? Will the market change the course and get bullish?

Let's find out together!

A thread by @esatoshiclub! 🧵
2/12 The acquisition of Twitter has been very messy so far. Leaked texts, trials, lawsuits and a bunch of nonsense bull*hit.

However, #ElonMusk sold @Tesla stocks in bulk, getting nearly $6.8 million in cash. So, we have reasons to believe he will go for it!
3/12 Before getting into the consequences of that investment, let's remember the connection between #Tesla's CEO and #cryptocurrency.

@elonmusk is well known for pumping the price and getting profit out of #memecoins. Yes, we are talking about @dogecoin.
Read 11 tweets
Oct 4
1/9 Heard of @RayDalio's recent announcement? Yes, one of the most influential investors of our times has given control over his empire.

In light of this recent news, let's remember his opinions on #crypto, $BTC, $ETH and more!

A thread by @esatoshiclub! Image
2/9 Before getting into our topic, let's briefly remember who Ray Dalio is. Long story short, he is probably the biggest investor since 1975 (Forgive us, Warren).

He's the founder and ex-CEO of one of the biggest hedge funds in the world: Bridgewater Associates.
3/9 Wow, serious guy this Ray Dalio. Not only because of his firm's achievements but also for his personal ones. He is the author of a few great books, you should definitely read his "Principles"

So, what did this giant investor have to say on #cryptocurrency? Let's find out!
Read 9 tweets
Sep 24
1/12 Top 10 #crypto research tools every successful #cryptoinvestor must use.

A thread by @esatoshiclub! 🧵

Not financial advice, not sponsored, not endorsing anything. Just sharing our top picks.
2/12 @MessariCrypto

#Messarimainnet is a #cryptocurrency data aggregator with tons of helpful tools to analyze charts and graphics.

Messari is the best tool if you want to make better investment decisions. If you want to get out the most of #Messari, buy their pro tool.
3/12 @glassnode

This top tool covers more #blockchains' simultaneously and displays various amounts of data, giving useful insights about any available #crypto.

You can choose between three subscriptions: Standard, Pro and Advanced. Each has its price and functionality.
Read 12 tweets
Sep 23
1/12 #Cardanovasil phase one is done! Do you want to know what's next?

Here's what it means for #Cardano!

A thread by @esatoshiclub! 🧵
2/16 First of all, let's all take a moment and congratulate both @IOHK_Charles and @Cardano on this historic performance.

The #cryptocommunity is with you!
3/16 Now, to the business.

What's all this buzz on the new #Cardanovasil? Well, it's literally the biggest and most important #crypto event this year but #EthereumMerge.

Now, we're sure you all know that. Let's get to some insides and interesting facts on this upgrade.
Read 16 tweets

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