Interesting. What chain was this on? I couldn't tell from the article.

Definitely multiple. On the diagram, there is a 1Fuck... which is presumably btc, but the others must be different chains.

Lol Not you keys...

The coindesk article has some per-chain numbers.

Confused by the amounts. Post says 1.7B lost while article says about 90M.

Oh yes, I didn't notice the billion ref in the nostr post. Don't know what that's referring to, seems 80-90 million is the actual h hack. Maybe it's talking about inaccessability of funds on the exchange?

Having 90M/1.8B "hot" seems reasonable, so guessing post is mistaken.

"The hack also does not appear to be financially motivated. The vanity addresses used by the hackers are generated through "brute force" methods - involving the creation of large numbers of cryptographic key pairs until one contains the desired text. But creating vanity addresses with text strings as long as those used in this hack is computationally infeasible. This means that Predatory Sparrow would not have the private keys for the crypto addresses they sent the Nobitex funds to, and have effectively burned the funds in order to send Nobitex a political message." Wut.... So they steal real money. Then burn it to...make a point? That seems nonsensical

centralized exchanges continue to suck

"crypto wars" eh

Don't really know how to read this fully, but chart seems to show total balance over time. Definitely seeing the sudden drop from 2B to far less on tail end, but not sure that's all been hacked away. Having that much not cold stored (unhackable) seems unlikely. Expect we'll learn more soon. Also strange is the 10x balance a few months ago 👀

it's probably just propaganda spin. people pulling out of risky shitcoin assets mostly. is the bitcoin price cratering? nope. holding steady just over 100k. the wider market clearly doesn't see there's much more downside to bitcoin. shitcoins, on the other hand, are always going to zero, as you know.

It's not about the money. It's about sending a message.

It's one thing to burn fiat. Something else to lock up loads of btc that can never be accessed again when otherwise it could have enriched someone toward their ultimate objective

18 BTC were burned, making Bitcoin approximately 0.0000857% scarcer. And that’s not even counting the lost bitcoins. This action helped the entire Bitcoin network.

No doubt. But that's also roughly 1.8M USD that could be used to buy bombs

I bet they didn’t wipeout the bitcoin that people are holding in self custody.

This is a criminal act.