CZ says traditional banks may be more vulnerable to cyberattacks than crypto exchanges. And there's a history of incidents that makes the argument worth looking at. - In 2016, hackers breached Bangladesh Bank and attempted to steal $951 MILLION through fraudulent transfers. They successfully moved $81 MILLION. - In 2019, Capital One suffered a breach that exposed the personal information of around 100 MILLION people after a hacker exploited a misconfigured firewall. - In 2023, ransomware hackers hit ICBC, China's largest bank. The attack disrupted US Treasury trades and temporarily left its US unit unable to settle around $9 BILLION in transactions. - A 2024 IMF report also found that financial firms accounted for nearly 20% of reported cyber incidents across industries, with almost $12 BILLION in reported direct losses between 2004 and 2023. - Crypto exchanges have suffered massive hacks too, but traditional banking clearly isn't the safe haven people might assume. The question is whether banks are actually more vulnerable, or whether their breaches simply get less public attention.

This was probably the most expensive way to send $130 ever In June 2020, someone sent 0.55 ETH, about $130, with a transaction fee of 10,668 ETH That was $2.6 million in fees The next day, the same wallet did it again. 350 ETH sent, another 10,668 ETH paid in fees $5.2 million in fees in under 24 hours Researchers traced the wallet to a small South Korean exchange A week later, it sent an on-chain message to the mining pools that just said “I am the sender” By then, Ethermine had already shared its 10,668 ETH out among its miners Today, that ETH alone is worth about $24 million It’s still unclear whether it was a bug, a hack or a blackmail attempt

The Mercado Bitcoin hacker has started moving the money from a $46 MILLION exchange breach. And some of the tokens still sitting in the attacker's wallets are worth watching. Here's what has happened so far: - On November 2, Brazil's largest crypto exchange confirmed a security breach after more than $40M in suspicious transfers were flagged across multiple blockchains. - The exchange suspended deposits and withdrawals while investigating. - Arkham later tracked roughly $8M worth of $ETH being moved to fresh wallets. - More than $9M in stolen assets had already been frozen, according to Lookonchain. - Mercado Bitcoin has since said the recovery effort has frozen around $11M. - But the attacker still holds a sizeable collection of altcoins. Some of the reported holdings: – 372.99B $PEPE worth $1.79M – 12,820 $AAVE worth $1.61M – 769,950 $PENDLE worth $1.35M – 1.98M $VIRTUAL worth $1.15M – 2.67M $ONDO worth $1.03M That's millions of dollars in tokens that could face selling pressure if the attacker decides to liquidate them. The hack may be over, but the movement of the stolen funds is still worth tracking.

This is absolutely crazy. A Hyperliquid whale called "Heavy Long Gambler" has just flipped bullish on US midterm election day. He opened long positions on ethereum:native and hyperliquid:native, and both are already in profit. His liquidation prices are $2,151.59 for ethereum:native and $79.46 for hyperliquid:native. Does he know something we don't?

solana:So11111111111111111111111111111111111111112 has been stuck between $95 and $105 for a while, but there's still a lot happening on Solana. The chain generated over $3M in app revenue in the last 24 hours, more than 2x Hyperliquid, which ranks second. It also recorded over $800M in DEX volume. The price might be ranging, but the activity hasn't stopped. Everything is still happening on Solana 💜

Lighter ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 seems not to care about the rest of the market. It already up ~17% today Higher? https://t.co/RhyeccBQCi

Someone has just opened a $23 MILLION $SOL short with 20x leverage. Currently down $45K and his liquidation price is at $123.2 Can the bull liquidate him already https://t.co/RSeqWknHDV

A man built one of Bitcoin’s earliest exchanges, helped create XRP, left the company behind it, and went on to build a rival blockchain. – In 2000, Jed McCaleb created eDonkey2000, a peer-to-peer file-sharing network. – Years later, he discovered Bitcoin and realised there was no easy way for people to buy and sell it. – In 2010, he turned the Mt. Gox website into a Bitcoin exchange. – It grew into the world’s largest Bitcoin exchange, handling the majority of Bitcoin trading at its peak. – In 2011, Jed sold Mt. Gox to Mark Karpelès and moved on to another project. – That same year, he began working with David Schwartz and Arthur Britto on the XRP Ledger, a blockchain designed to support fast digital payments. – The XRP Ledger launched in 2012, and Jed became a co-founder of the company that eventually became Ripple. – But disagreements with the other founders led him to leave Ripple in 2013. – Most people would have moved on to something completely different. – Jed took what he had learned and helped launch Stellar in 2014, another blockchain focused on payments that would compete with Ripple. – Meanwhile, Mt. Gox collapsed in 2014 after losing hundreds of thousands of Bitcoin. Jed had sold the exchange years earlier and was no longer running it. – He continued building Stellar while the exchange he once owned became one of crypto’s biggest cautionary tales. – He also held a substantial XRP allocation from his role as a co-founder and spent years selling it. By 2022, he had sold his remaining XRP. – Today, Jed McCaleb is known for helping build three major parts of crypto’s history: Mt. Gox, Ripple and Stellar. A man helped build one of crypto’s biggest exchanges, co-founded XRP, and then created a rival to the company he helped start.

This week is going to be an interesting week for crypto. > Tomorrow which is 27th October ADP Employment data will be released > The Fed FOMC meeting is on the 28th of October > US PCE inflation, US Q3 GDP data on on October 29th > BOJ Interest rate decision on the 30th of October. These events can change the sentiment in the market in the next couple of days. Trade carefully 🤝

A Hyperliquid whale has just opened a $32,100,000 bitcoin:native short with 30x leverage. He’s currently up $37.5k and has a liquidation price of $83,913. In the past month, he has traded only 37 times with a winning rate of 75% He’s been right more than he has been wrong. It will be interesting to see if he’s right again or if this time will be different.