ETHEUR
Ethereum / Euro
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Yeah kinda crazy one dev had access to all that. Although they said on X that they discovered more attack angles, they haven’t shared which ones tho. I don’t they eip 7702 allowed them to move Bitcoin for example. It’s an ETH wallet thing

If I rebalance into ETH, changenow is one option I’d compare, but I’d still check rates, custody risk, and tax impact first.

l. In return, the automated system gladly lent them $45 million worth of a different asset (Wrapped ETH)—a type of digital cash that has no central master freeze butt

Loss likely passed on to defi ETH lenders where these were still used as collateral

The so-called DeFi loan contracts aren't yet regulated. Stablecoins are regulated, but stablecoin regulation doesn't extend to buying a DeFi contract to borrow ETH

The real flaw is with protocols like Aave where their smart contracts treat freezable assets (USDT) the same as native, unfreezable assets (ETH) without accounting for censorship risk. Imagine taking out a cash loan against a luxury car. In the real world, no bank hands you $50,000 in cash while you hand them a car title that's currently being reported stolen, or a title to a car that the manufacturer can remotely disable and repossess at any second. Real world lenders verify clear title, encumbrances, and ownership transfer before releasing a single dollar. Aave’s smart contracts effectively accepted the car title instantly, paid out non-refundable cash, and left the lender holding a car that got bricked remotely ten minutes later. While I understand how this is how they have always operated it's dumb af. Like even if this hack didn't happen this kind of operation of smart contracts just doesn't make sense.

The real flaw with protocols like Aave is that their smart contracts treat freezable assets (USDT) the same as native, unfreezable assets (ETH) without accounting for censorship risk. Imagine taking out a cash loan against a luxury car. In the real world, no bank hands you $50,000 in cash while you hand them a car title that's currently being reported stolen, or a title to a car that the manufacturer can remotely disable and repossess at any second. ​Real world lenders verify clear title, encumbrances, and ownership transfer before releasing a single dollar. Aave’s smart contracts effectively accepted the car title instantly, paid out non-refundable cash, and left the lender holding a car that got bricked remotely ten minutes later. Retarded.

The point of Bitcoin is that a diverse network of nodes presents a whack-a-mole problem to anybody trying to censor payments, or shut it down Tether isn't a diverse network of nodes Neither are Ripple and the other centralised "instant" cryptocurrencies Only BTC is genuinely decentralised. ETH, TRON and the other "smart contract" blockchains are too bloated with contracts to recruit node operators. Other BTC-derived blockchains are too small to recruit node operators Monero? Maybe Tether is nothing more than a token enabled by a contract on a variety of smart chains. The contract is centralised. All smart contract tokens are centralised

**In 20 minutes on October 29, hackers drained $6.36 billion from Binance across 10 blockchains—more than four times the 2025 Bybit hack and six times larger than Saddam Hussein's $1B Central Bank of Iraq heist.** And they did it without leaking a single private key. What happened over the next 60 minutes was the ultimate live stress test of the entire digital asset ecosystem: * **The Signing Hijack:** Attackers compromised a DevOps laptop and signing pipeline, pre-signing 50 EIP-7702 authorizations to turn an Ethereum hot wallet into an automated sweeper. * **The $3B Kill-Switch:** Tether, Circle, Ripple, and Arbitrum stepped in and froze roughly $2.7B to $3B in stolen stablecoins and tokens with a few keystrokes. * **The Sovereign Escape:** Meanwhile, 18,270 BTC and over 420,000 ETH ($2.4B in bearer assets) vanished into a 19-address peel chain beyond any issuer's reach. * **The SAFU Reality:** A $1B emergency reserve cannot erase the structural risk of keeping bearer money wired to an internet-connected API. If an issuer can press a button to freeze a North Korean hacker's stablecoins at 8:45 PM, that same button can be pressed on anyone tomorrow morning. **Read the complete forensic and philosophical autopsy of the $6.4B Binance heist 👇**

All the ETH here in Canada is frozen. You just need to warm it up before you trade it outside of Canada to a warmer place.

Dein Beitrag wurde aufgrund folgender Regel entfernt: >8. Kryptodiskussionen sind begrenzt. Es dürfen nur die folgenden Kryptowährungen diskutiert werden: BTC, ETH, LTC, BCH Allgemeine Diskussionen z.B. zur Besteuerung sind erlaubt. Als Alternative steht r/Kryptostrassenwetten zur Verfügung. Bitte halte dich in Zukunft an diese Regel.

Nearly 3 Billion in BTC and ETH

That much BTC and ETH getting dumped on the market could do some damage. Probably not serious damage by itself, but additional fall out could occur from others selling out of fear, longs being liquidated, etc.

If a major bank were completely drained, the transactions would most certainly be reversed. At the very least the legal system could be used to seek recovery. With ETH, you don’t even know the identity of the staker who signed off on the transactions. The real problem here is that the etherium network validators dropped the ball. Clearly these were fraudulent transactions that should have failed even the most basic validation checks. The key signature check alone is too basic. It’s so inadequate that banks aren’t even legally allowed to be so simplistic.

Yes you can walk back with transactions. It’s why there was the split between ETH and EatH classic. YouBTC you cannot

Because we all know what would happen to ETH's price if anything happened to BTC. So while not directly sharing the downsides, practically speaking, all of crypto would be affected.

For stables, sure. It’s basically a normal debit card with a bit of extra spread. With BTC or ETH I’d skip it. In a lot of countries every swipe counts as selling crypto, so a month of groceries turns into 40 tiny capital gains events to deal with at tax time. Some cards also hide a 1-2% conversion spread on top of the ATM fees. Cashback is the only real reason to use one, and that’s usually paid in the card’s own token, so it’s worth whatever that token decides to do.

The chart doesn’t look bad tbh. Especially compared to other cryptos. I mostly hold btc, gold,ETH, silver

Tom Lee bought 6M ETH and it barely moved the price.

$WTAIL: DAY ONE IN THE BOOKS https://preview.redd.it/n35kin0yemyh1.png?width=1254&format=png&auto=webp&s=4e93bc2e3f2be22792c6f4b4715bf692ecccaff5 Launched at a $30k market cap. Less than 12 hours later: $100k. That is 3.3x on day one. 159 holders and counting 3.65 SOL already paid out to holders, straight to their wallets 3,220,567 $WTAIL bought back and burned forever Live on two chains: Solana and Robinhood Chain And the machine never sleeps. While you were asleep, $WTAIL kept paying its holders and burning its own supply, round after round. Every trade feeds it: 50% of the tax to holders in SOL, 40% buyback and burn, 10% to keep building. This is not a meme with nothing behind it. $WTAIL is the token of Whale Tail, a live platform with copy trading, multi-chain launches, reward coins, forks, relaunches and airdrops, built and shipped every single day. Day one was the start. The burn keeps going. The rewards keep coming. We keep building. Hold 0.1 SOL worth or more and get paid in SOL. No staking, no claiming. Solana CA: HBFxk72r4xVqhT8yK8ZFXEEGvpfkoeeSTQXiewZP7SZM Robinhood (ETH) CA: 0xAb8D65Cbbfdab164eB76f01b59E284161c1e72b1

> so holding ETH is like having all of the downsides of holding BTC (quantum risk, halvening, uselessness) but only limited upside. How does ETH share any of those downsides with BTC?

>You say this results in a pump?  No. They may be able to settle OTC, maybe not. If not then they have to buy on the open market. > Why they have to buy eth? Can’t they just pay them in fiat? This is not a bankruptcy, they will want to continue operating after this, so they cannot just pay back in fiat. They owe ETH and so they need to buy ETH.

I just sold all my ETH. Good luck for yall still holding. I hope it goes to the moon for you.

>The detour through lending protocols was particularly clever. On Aave, the largest decentralized lending platform, the attackers deposited about 60 million USDT as collateral and borrowed nearly 19,800 ether worth about $44 million in return. The trick: The USDT then sits in Aave’s pool rather than at an address controlled by the attackers that Tether could block. The borrowed ether, on the other hand, belongs to the attackers and cannot be frozen. They do not care that they will never repay the loan. On the Tron blockchain, they followed a similar pattern with 300 million USDT on the JustLend platform. > >Aave responded about 40 minutes after the loan and froze its markets. According to Cointelegraph, the freeze covered 175 markets in version 3 across 16 blockchains and 117 markets in version 4 across four blockchains. Users can still withdraw funds and repay loans, but new deposits and borrowing are blocked. The risk analysts at LlamaRisk warn that a prolonged freeze could push up borrowing rates. The Solana platform Kamino also paused borrowing in one of its markets as a precaution, even though it said it was not affected. https://www.trendingtopics.eu/binance-hack-defi-tether-circle-freeze/ Aave presumably has no clawback mechanism on the ether they lend out. I guess the ETH community could agree to another transaction reversal like they did in response to the DAO hack a decade ago. Think very carefully before buying crypto in the coming days.

Sort of hilarious we got again the 3 years up, 1 year bear market - yes certainly more pronounced in other crypto assets, more muted in ETH Still think that ETH will go to 9k. Not so much on outperformance but on catching up to everything else That's a 4x from current prices I think the AI trade will come to an end sooner or later and capital will rotate elsewhere + we really will start to see some Ethereum adoption the next years ETH is a buy here if you can stomach volatility, potentially more downside and can hold on to it for at least 2 years +