Из жизни альткоинов
Власти Южной Кореи объявили о начале «системной чистки крипторынка»
В Cardano впервые за восемь лет произошел раскол блокчейна
Россиянин взорвал две гранаты в офисе криптообменника
Майкл Сейлор: Волатильность биткоина — это дар Сатоси Накамото
Дагестанские энергетики изъяли 160 устройств для добычи криптовалюты
Bitcoin Quantum-Break Catastrophe Is Pure FUD, Says Gabor Gurbacs
A heated debate erupted on X this weekend after Gabor Gurbacs, founder of Pointsville and strategic advisor to Tether, dismissed growing fears about Bitcoin’s vulnerability to quantum computing. In a series of posts, Gurbacs called the notion of a “quantum doomsday” for Bitcoin “pure FUD,” arguing that Bitcoin’s cryptographic foundations are already resilient and adaptable enough to survive future advances in quantum technology.
“There’s a lot of FUD around Bitcoin’s quantum risk,” Gurbacs wrote. “The fact is that Bitcoin’s security is anchored in hash-based proof-of-work, which remains quantum-resistant. Quantum doesn’t break Bitcoin.”
Bitcoin Is “Quantum-Resilient By Design”Gurbacs pointed to the distinction between Bitcoin’s hash-based consensus and its signature scheme, arguing that the consensus layer—secured by SHA-256—is already resistant to quantum attacks. Grover’s algorithm only provides a quadratic speed-up, he said, which does not undermine Bitcoin’s proof-of-work. The primary theoretical weakness, he acknowledged, lies in Bitcoin’s ECDSA signatures, which could be vulnerable if quantum computers reach the scale required to run Shor’s algorithm effectively.
But according to Gurbacs, even that threat is mitigated by best practices and Bitcoin’s modular design. “The main quantum target (ECDSA public keys) is already mitigated by non-reuse of addresses and can be upgraded to post-quantum signatures,” he noted, referencing NIST’s newly standardized FIPS-205, which formalizes the Stateless Hash-Based Digital Signature Algorithm (SLH-DSA).
“Bitcoin’s long-term security model was designed precisely for adversarial upgrades,” he added. “The consensus layer is hash-based and quantum-resilient, and the signature layer is modular, meaning post-quantum schemes like SLH-DSA/SPHINCS+ can be integrated without disrupting monetary integrity or supply rules.”
That assertion drew immediate responses from crypto security veterans, including Messari co-founder Dan McArdle and Project Eleven’s Graeme Moore, who both warned that Gurbacs was underestimating the complexity and timeline of a network-wide post-quantum transition.
McArdle agreed that mining and proof-of-work are not at immediate risk but outlined three structural issues Bitcoin must still face: legacy P2PK outputs with already-exposed public keys, the possibility of mempool sniping (quantum theft during transaction propagation), and the large size of post-quantum signatures, which could force a controversial blocksize increase.
“Given all that,” McArdle said, “it’s best to get serious about quantum robustness now. It’s not an issue to kick down the road until the threat is imminent.”
Gurbacs pushed back, calling those risks “real but remote.” The few P2PK addresses are “small and scattered,” and the kind of quantum computers required for mempool attacks are “unbelievably fast and stable—which we’re nowhere near.” He added that BTC could absorb larger signature schemes or even a blocksize upgrade “before any realistic threat shows up.”
“I agree we should take quantum hardening seriously,” Gurbacs wrote. “I just don’t buy the idea that we’re close to a break—and scammers tend to abuse the quantum narrative. The bigger risk now is people panicking instead of looking at actual timelines.”
The Open Questions For Bitcoin DevsGraeme Moore countered that complacency is the greater danger. Citing his firm’s research, he argued that a coordinated post-quantum migration could take six months or more even under ideal conditions and that “we could have a CRQC in a couple years.” He pressed Gurbacs on whether the Bitcoin community could realistically agree on adopting NIST-approved standards like SLH-DSA or ML-DSA—especially since Satoshi Nakamoto intentionally avoided NIST curves for distrust reasons.
Moore also raised the thorny question of what happens to unmigrated or “lost” coins in a quantum transition, including Satoshi’s early holdings. “Are you in favor of freezing Satoshi’s coins?” he asked. “Why or why not?” Gurbacs replied that governance choices should apply equally to all unmigrated keys and rejected any “special rules.” He reiterated that the threat is not existential in the near term. “We’ll see weaker cryptosystems fall first,” he said. “That buys years of warning for picking schemes, implementing and testing, and allowing gradual opt-in rotation before the ‘oh shit’ moment.”
While Moore insisted that “we’re already at the ‘oh shit’ moment,” Gurbacs disagreed. “If a real CRQC existed at the level needed to break secp256k1,” he argued, “the first signs wouldn’t show up in Bitcoin. They’d show up in TLS, PGP, government PKI, and weaker ECC systems long before. That simply hasn’t happened.”
For now, Gurbacs’ position is clear: quantum computing represents a long-term coordination challenge, not an imminent collapse. “Quantum panic is misplaced,” he said. “Bitcoin’s architecture is adaptable, conservative, and mathematically robust. Quantum doesn’t break Bitcoin.”
Gurbacs has also received independent approval from OG Adam Back. Via X, the legendary cypherpunk wrote: “Bitcoin can just add a new signature type, and make a “quantum ready” taproot leaf alternative spend method, under taproot/schnorr. In that way you can be ready without paying the cost of large signatures until it becomes relevant. NIST standardized SLH-DSA aug 2024 only.”
He added: “If cryptographically relevant quantum computers are developed, then my guess is schnorr & ECDSA signature methods would be deprecated (become unspendable). IMO it’s a lot further away than 2030 so people should have time to migrate and be quantum ready long before.”
At press time, BTC traded at $85,984.
Банк JPMorgan закрыл счет основателя Strike Джека Маллерса
Аналитики CryptoQuant составили два сценария изменения цены биткоина
JPMorgan Backlash Explodes: Bitcoin Supporters Push Hard For Boycott
Anger toward JPMorgan spread quickly through social platforms this weekend after reports linked the bank to a policy change that could hit firms holding large chunks of Bitcoin.
According to reports, MSCI — the index company formerly called Morgan Stanley Capital International — is likely to tighten its listing rules in January 2026, a move that would remove companies with 50% or more of their balance sheets in crypto from major indexes.
That possible step has turned a technical index matter into a broad public backlash aimed squarely at the bank that shared the research note.
JPMorgan: Index Change Sparks OutrageStrategy, which joined the Nasdaq 100 in December 2024, benefited from steady passive capital flows tied to index membership.
Based on reports, the proposed rule would force firms with high crypto exposure to choose between cutting their Bitcoin holdings below the 50% threshold or losing the index-driven demand that supports their shares.
Investors and some analysts warn that either outcome could trigger sharp selling by funds that must follow index rules, and that selling could ripple into crypto prices.
$MSTR – JPM says MicroStrategy “at risk of exclusion from major equity indices as the January MSCI decision approaches.”
“With MSCI now considering removing MicroStrategy and other digital asset treasury companies from its equity indices…outflows could amount to $2.8bn if… pic.twitter.com/gMqlYtcZII
— matthew sigel, recovering CFA (@matthew_sigel) November 20, 2025
Public Figures Fan The Flames Vs. JPMorganHigh-profile voices quickly pushed the boycott narrative. Real estate investor Grant Cardone said he had pulled $20 million from Chase and threatened legal action over credit card disputes.
Media host Max Keiser urged followers to target JPMorgan and to buy shares of Strategy and Bitcoin instead.
CRASH JP MORGAN, BUY $MSTR (& BITCOIN) https://t.co/dRoxYSlGdL pic.twitter.com/BS0fRzT5HV
— Max Keiser (@maxkeiser) November 23, 2025
Social posts and online threads amplified those calls, turning technical policy details into a campaign to hit the bank where it counts: customer money and public image.
The enemy has a name: it’s the Banking system.
Take a look at the chart of JPM since the great financial crisis. It’s been STRAIGHT UP for the last 15 years.
JP Morgan has been consolidating its power as the head of the Banking Crime syndicate through both Obama terms, Trump… pic.twitter.com/YisF732oa5
— Fred Krueger (@dotkrueger) November 22, 2025
Strategy Pushes Back On Its ClassificationAccording to statements from Strategy’s leadership, led by Michael Saylor, the company does not see itself as a fund or a trust that merely holds assets.
The founder described the business as a Bitcoin-backed structured finance firm that issues and operates products rather than passively holding investments. That distinction matters because MSCI’s draft criteria appear to focus on passive holding structures.
Response to MSCI Index Matter
Strategy is not a fund, not a trust, and not a holding company. We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital.
This year alone, we’ve completed…
— Michael Saylor (@saylor) November 21, 2025
If MSCI finalizes the change in January 2026, firms whose crypto holdings exceed the threshold will face immediate pressure to alter their balance sheets or face delisting from indexes that attract hundreds of millions in passive flows.
Market Risks And Next StepsAnalysts say the practical effect could be swift. Forced rebalancing by index-tracking funds may create concentrated selling of affected stocks.
If several treasury companies sell Bitcoin at the same time to meet the new limit, digital-asset prices could fall, adding a second layer of stress.
For now, the rule is reported as likely, not final. Market players are watching for a formal announcement and for any public response from JPMorgan, which has not provided a detailed rebuttal to the surge of criticism.
Featured image from Gemini, chart from TradingView
XRP Reclaims $2: Best Altcoins To Buy As Capital Rotates
Quick Facts:
- $XRP’s move back above $2, with its price reclaiming the middle Bollinger Band, points to a renewed bullish structure rather than a failed cycle.
- Higher-timeframe Bollinger Bands on $XRP still trend upward, suggesting room toward $2.5–$3.5 if key mid-bands and supports continue to hold.
- Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST) both pair strong narratives with sizable presales, offering higher-beta exposure versus $XRP’s more limited upside profile.
- Allocating core capital to $XRP while using $HYPER and $BEST for targeted, thesis-driven risk can balance liquidity, yield, and long-term growth potential.
$XRP has finally clawed its way back above the $2 mark after a rough week, and the charts just flipped from stress to opportunity.
On the daily timeframe, price is back above the middle Bollinger Band near $2.04, turning what looked like a breakdown into a fresh bullish setup with the upper band sitting around $2.5 as the next big test.
Zooming out, $XRP is still holding key weekly and monthly mid-bands around $2.2 and $1.7. That tells a different story than the intraday noise: the structural uptrend is intact, and the recent flush looks more like a volatility reset than the end of the cycle.
The catch is simple. With $XRP’s market cap now north of $123B and trading around $2.04 at the time of writing, a move higher is absolutely on the table.
Traders who rode the dip are already thinking about what to rotate into next, hunting for the best altcoins to buy while liquidity is still hot. That’s where upcoming infrastructure plays, like Bitcoin Hyper and Best Wallet Token, step in.
1. Bitcoin Hyper ($HYPER) – Bitcoin Layer-2 Speed With Asymmetric UpsideBitcoin Hyper ($HYPER) functions around a straightforward promise: keep Bitcoin’s security, ditch its slowness.
Bitcoin Hyper uses a modular Layer 2 anchored to Bitcoin, but executes transactions on a Solana-style virtual machine (SVM), allowing them to settle in seconds with significantly lower fees. Users lock $BTC on Layer-1, mint wrapped $BTC on Bitcoin Hyper, then use that capital for DeFi, payments, and dApps at high throughput.
That narrative is hitting at the right time. While spot Bitcoin chops around and fees remain unpredictable, the Bitcoin Hyper presale has already cleared more than $28M, with the current presale price of $0.013325 and staking yields around 41% APY for early participants.
Those numbers show real conviction from whales and retail alike, not just meme-driven speculation. Indeed, recent whale buys of $500K and $379.9K tell the story.
On the upside modeling side, our price prediction for $HYPER shows a 2026 high of $0.20 and a 2030 price point of $1.50 or higher if the roadmap lands and liquidity arrives on major exchanges. Measured from today’s presale price, this hints at a return rate of 1,400% for 2026 and over 11,155% for 2030 on paper.The hype is real and explains how $HYPER managed to become one of the best altcoins to buy in 2025.
If you’re interested, it’s best to move fast, as Bitcoin Hyper targets a release window between Q4 2025 and Q1 2026. Read our guide on how to buy $HYPER now.
Visit the presale page and buy your $HYPER while you still can.
2. Best Wallet Token ($BEST) – Multi-Chain Wallet Token with Launchpad PerksIf Bitcoin Hyper is the rails, Best Wallet is the front-end that everyday users actually touch. The Best Wallet app is a live, non-custodial, multi-chain wallet that allows you to buy, store, swap, stake, and soon spend crypto via an upcoming debit card.
It already supports major chains like Bitcoin, Ethereum, Solana, BNB Chain, Polygon, and Base, with portfolio tracking, cross-chain swaps routed through 300+ DEXs and 30 bridges, and no-seed-phrase MPC security under the hood.
Best Wallet Token ($BEST) powers that ecosystem. Holding it brings reduced swap and on-ramp fees, launchpad access to upcoming tokens inside the app, and governance.
Recent figures show the presale has raised more than $17.39M with tokens priced at $0.025995 and staking APYs sitting at 75% for early participants.
For a product with hundreds of thousands of active wallet users, that’s a meaningful alignment between live adoption and token economics.
On the price-target front, our price prediction for $BEST suggests a price point of $0.62 in 2026 and $0.82 or higher by 2030, assuming exchange listings, 60+ chain support, and the Best Card rollout all materialize as planned. Relative to today’s presale price, that’s roughly a 2,285% move to the 2025 high and about 3,054%to the 2026 high on paper.It’s not a guarantee, but it shows why rotating a slice of capital from slower large-caps into a wallet-infrastructure token with sticky users isn’t just degen behavior – it’s a calculated bet on the tools people actually use.
If you want in, read our guide on how to buy $BEST.
Buy $BEST on the official presale page today.
3. XRP ($XRP) – Large-Cap Liquidity Play in a Breakout SetupBack to the headline act. XRP ($XRP) is trading at $2.04, firmly back above the key daily middle Bollinger Band after briefly flirting with the lower band and triggering panic.
The upper band around $2.52 is the next obvious technical magnet, and if that breaks, the door opens toward the higher timeframe bands that sit closer to $3.5 and beyond.
The weekly and monthly structures still appear remarkably constructive: $XRP continues to respect deeper mid-bands, confirming that the multi-month trend remains intact, even after sharp pullbacks.
That’s exactly the kind of setup where large-cap money flows first – ETFs, structured products, and conservative capital tend to prefer names where liquidity is deep and the trend is visible on a monthly chart, not just a meme-driven 4-hour spike.
The trade-off is that $XRP is unlikely to deliver the 20x+ style returns people chase in presales.
It’s better thought of as the liquidity anchor in a rotation strategy: ride the potential breakout back toward and potentially beyond the prior all-time high near $3.84, then shave profits into higher-beta names like $HYPER and $BEST if the cycle continues to mature.You can find $XRP on major centralized exchanges, including Binance, making it relatively straightforward to execute such a rotation in practice.
You can buy your $XRP on Binance today.
Recap: XRP’s push above $2 with bullish signals shows large-cap alt momentum is alive. Traders are eying $HYPER for scalability, $BEST for utility, while $XRP continues to anchor liquidity.
This isn’t financial advice. DYOR and manage risks wisely before investing.
Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/best-altcoins-to-buy-as-xrp-recovers-$2
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (November 24)
Check out our Live Next Crypto to Explode Updates for November 24, 2025!
Crypto is so unthinkably huge at the moment, a nearly $4 trillion industry that’s aiming for world domination.
Recent headlines talk of Circle and Mastercard planning to add USDC to global payment systems, Ethereum and Bitcoin treasuries in the billions of dollars, and Google building its own blockchain.
Bitcoin has an all-time growth of over 180,000,000%, Dogecoin over 43,000%, and some of the newest presale coins often pump 10x, 100x, or even 1,000x on rare occasions.
Explosive potential is probably the single best description for what we’re seeing today in crypto.
Quick Picks for Coins with Explosive Potential
Bitcoin Hyper ($HYPER) - Real-Time Layer-2 Solution for Scaling Bitcoin Launch: May, 2025 Join Presale Maxi Doge ($MAXI) - High-Impact Meme Coin Built On Strength, Staking & Conviction Launch: July, 2025 Join Presale PepeNode ($PEPENODE) - A New, Gamified Way to Mine to Earn Meme Coin Rewards Launch: February, 2025 Join Presale Snorter Token ($SNORT) - Lowest-Fee Telegram Trading Bot for Solana and Ethereum Launch: May, 2025 Join Presale Best Wallet Token ($BEST) - Get Easy, Early Access to New Curated Presale Projects Launch: November, 2024 Join Presale
If you’re looking for the most recent insights on the next crypto to explode, stay tuned. We update this page frequently throughout the day, as we get the latest and greatest insider insights for chart sniffers and traders looking for the next coin to explode.
Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Arthur Hayes’ $BTC $250K Call, Bitcoin Hyper ($HYPER) and the Next Crypto to ExplodeNovember 24, 2025 • 10:00 UTC
Arthur Hayes now talks about $BTC accelerating toward $250,000 by December, only months after the latest halving, arguing that a post-halving supply squeeze plus renewed liquidity could drive fresh all-time highs.
That kind of move from roughly the high-$80,000 zone would more than double Bitcoin’s market cap and push base-layer blockspace back into permanent scarcity.
When that happens, value tends to flow into infrastructure that helps Bitcoin handle higher throughput without sacrificing settlement guarantees.
Bitcoin Hyper ($HYPER) builds exactly for that moment by launching a Bitcoin Layer-2 on the Solana Virtual Machine, using a canonical bridge so you move $BTC onto faster rails for DeFi, NFTs, and payments while final value still settles back to Bitcoin.
$HYPER powers transaction fees and staking in that ecosystem, so adoption of the network directly feeds token demand.
With $28.37M already raised at $0.013325, you step into a play that is tied to $BTC’s upside but adds scaling and yield on top.
Read our $HYPER price prediction to see what the future holds.
Satoshi’s ‘Gift’ of Volatility, Best Wallet Token ($BEST) and the Next Crypto to ExplodeNovember 24, 2025 • 10:00 UTC
Michael Saylor now frames $BTC’s wild price swings as ‘Satoshi’s gift’, pointing out that even after a steep year-to-date drawdown in $MSTR, his treasury still sits on billions in unrealized profit on 649,870 $BTC.
He argues that volatility is the price of high performance, rewarding anyone who can hold for four-year cycles instead of trading noise.
That logic only really works if you keep assets self-custodied, liquid, and ready to deploy whenever the next impulse move starts.
Best Wallet Token ($BEST) plugs into that need as the utility asset behind a non-custodial wallet designed to hold and swap crypto across multiple chains while giving you direct access to curated presales from a built-in launchpad.
Inside the app, $BEST unlocks reduced fees, higher staking rewards, and governance over future upgrades, so your activity turns into tangible upside rather than just gas spend.With $17.39M already raised at $0.025995, you position yourself inside infra that benefits every time volatility returns. More importantly, the presale ends in 4 days, so there’s no time to lose.
Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/next-crypto-to-explode-live-news-today-november-24-2025
XWIN Research: Крипторынок находится в фазе «Zebra Market»
Руководитель VanEck назвал условие отказа от вложения в биткоин
Saylor Won’t Back Down On Bitcoin As $HYPER Presale Smashes $28.3M
Quick Facts:
- DAT stocks are trading below their net Bitcoin holdings as volatility, ETF outflows, and index risks hammer the digital treasury model.
- Michael Saylor says he won’t back down, despite MSTR’s 41% decline; his thesis rests on $6.1B in unrealized profits from Strategy’s 649,870 Bitcoin-strong treasury.
- Bitcoin Hyper builds a Bitcoin Layer 2 using an SVM execution layer, a Canonical Bridge, and ZK proofs to bring fast, low-fee $BTC DeFi.
- The $HYPER presale is above $28.3M, with $HYPER selling at $0.013325 and a potential 1,400% ROI by the end of 2026.
Digital Asset Treasury (DAT) stocks are bleeding, trading below the value of the Bitcoin they hold. Some rivals have started dumping coins to shore up their balance sheets.
In the middle of that carnage, Strategy’s Michael Saylor is smiling into the camera and calmly dismisses the fears for a DAT crash. He also downplays MSTR’s 41% decline, pointing out the $6.1B in unrealized profits from its Bitcoin stack, now counting 649,870 coins.Recent figures show DAT names have crashed 80–95% from their highs, even as spot Bitcoin trades in a wide band around the mid-$80K to low-$90K range.
As expected, investors pulled $523M from BlackRock’s IBIT last Tuesday, which is the largest withdrawal in the asset’s history.
Saylor’s answer is to lean in; a mindset that is landing at the same time a very different kind of Bitcoin play is going viral.
Instead of buying a DAT stock at a discount and hoping it closes the gap, some investors are rotating into Bitcoin-native infrastructure – especially Bitcoin Layer 2s trying to fix $BTC’s speed and fee problems.
Front and center in that trade is Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 presale that has already raised over $28.3M at roughly $0.0133 per token, with staking yields around 41% for early participants.
Bitcoin Hyper ($HYPER) Turns Saylor’s ‘Vitality’ Into InfrastructureIf Saylor’s job is to HODL as much Bitcoin as possible, projects like Bitcoin Hyper ($HYPER) are trying to make that Bitcoin actually useful.
The core idea is simple: Bitcoin is pristine collateral, but the base layer is slow, expensive, and doesn’t support smart contracts. Bitcoin Hyper aims to fix that by building a dedicated Bitcoin Layer 2 that anchors to $BTC for security while offloading execution to a high-throughput Solana Virtual Machine (SVM).In practice, it works through a ‘Canonical Bridge’. Users send $BTC to a monitored Bitcoin address; an SVM smart contract verifies block headers and transaction proofs.
Once confirmed, the Bridge will mint an equivalent amount of wrapped $BTC on Bitcoin Hyper’s Layer 2. From there, you can move that $BTC around with near-instant finality, route it through DeFi, or use it in dApps.
The goal is clear: create a faster, cheaper, and more scalable Bitcoin ecosystem, which could very well propel the network into the mainstream. Long-term, $HYPER hopes to make Bitcoin the more natural choice for large institutional players who require a high throughput and low on-chain costs.
You can learn more about what Bitcoin Hyper is right here.
Go to the presale page and buy your $HYPER today.
Inside The $HYPER Presale As It Blasts Past $28.3MWhile DAT charts look like ski slopes, $HYPER’s presale curve has gone the other way.
The presale is now north of $28.3M, with the current token price at $0.013325 and incremental price steps baked into later stages.
A big part of the pitch is yield while you wait. Early buyers can opt to ‘buy and stake’ in a single flow, locking their allocations for staking rewards of 41% per year during the presale phase.
Then there’s $HYPER’s long-term potential.
A fair price prediction for $HYPER puts the token at $0.20 by the end of 2026 if the mainnet launches cleanly, major exchange listings land, and the Bitcoin Layer 2 narrative continues to build. By 2030, $HYPER could reach $1.50 or higher.
In terms of raw ROI, we’re talking about a return rate of 1,400% for 2026 and 11,157% or higher for 2030.
Still, the sale pitch goes beyond sheer profit hunting. You’re backing a network that tries to make Bitcoin faster, cheaper, and programmable.
If that sounds good, read our guide on how to buy $HYPER today. The presale has a projected end window between Q4 2025 and Q1 2026, so you don’t have much time left.
Visit the presale page and buy your $HYPER now.
This isn’t financial advice. DYOR before investing.
Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/saylor-maintains-bitcoin-confidence-bitcoin-hyper-presale-explode
Роберт Митчник: Вот что нужно Биткоину для превращения в мировую платежную сеть
Дальнейший обвал биткоина маловероятен — Лин Олден
Банк России изменил сроки введения комиссий за перевод цифровых рублей
Cardano Attack Sparks Clash: Hoskinson Invokes Feds, Solana Chief Objects
Cardano’s mainnet experienced a rare chain partition on November 21, 2025 after a malformed staking-delegation transaction exploited a long-standing deserialization bug, briefly producing a “poisoned” branch containing the transaction and a parallel healthy branch that rejected it. The network continued producing blocks on both sides until emergency node upgrades restored convergence later that day; Intersect said no user funds were lost and that a CIP-135 disaster-recovery playbook was prepared but ultimately not needed.
Should Cardano’s Attacker Face The Feds?What turned a technical postmortem into an industry flashpoint was the public fallout between Cardano founder Charles Hoskinson and Solana co-founder Anatoly Yakovenko over whether the incident should be treated as a federal crime.
Yakovenko opened by praising the protocol behavior rather than the politics: “I am gonna go out on a limb and actually say this is pretty cool. Nakamoto style consensus without proof of work is extremely hard to build. The protocol functioned as designed in the presence of bugs.” He was reacting to Berry Ales’ observation that Cardano “recovered from a minority chain and got rid of the symptom while preserving most of the history and progress since the incident.” Hoskinson replied tersely: “Thanks man. It was a wild day.”
The exchange sharpened when Yakovenko framed exploit traffic as inherent to permissionless networks and warned against involving law enforcement. “Communicating arbitrary bits is fundamentally speech, even if they break the receiver,” he wrote. “The fact that it’s not always the case in the US is lame. Don’t send the feds after the poor guy who f’d up vulnerability disclosure.”
Hoskinson’s counterclaim was that this was not disclosure at all. “It was a premeditated attack by a disgruntled SPO with extensive knowledge of Cardano and who had already observed the testnet fork, the patch efforts, and was in direct contact with the core devs,” he said. According to Hoskinson, the attacker watched the Preview testnet incident, waited through patching efforts, then reproduced it on mainnet.
“We spent hours studying it, reconstructing for mainnet, and then delegating to my personal pool Rats as a message. He only admitted this act after I doxed him in a video then claiming it was a terrible mistake, but somehow neglected to mention it during the entire day while we were fixing it.”
He then argued that intentional exploitation of public infrastructure crosses into criminal territory: “Blackhats exploiting bugs to cause harm to public infrastructure is not a new thing. Its a federal crime because of the catastrophic harm to society such acts could carry. Cardano is a large network and many people derive their entire livelihood from the network’s operation. He hurt every single person in our ecosystem.”
Yakovenko accepted the ugliness of blackhat behavior but maintained that legal escalation is strategically risky in open systems. “Yea. I get it. We have had shitheads that watch public branches for any bug fixes and try to exploit them immediately. It’s a huge pia. Any potential bugs have to be fixed in private and rolled out p2p patches first. It has a chilling effect on the industry if you call in the Feds.” In his “mental model,” if operators run “a system that accepts arbitrary public messages, they are taking on the risk of what happens with any message they receive,” and only permissioned systems with explicit liability framing should be regulated as such.
Hoskinson pressed that model against the realities of regulated finance and cross-chain norms. “Furthermore, are you going to tell all the regulated financial entities that are building on Solana that if they lose money from hackers while using Solana, they shouldn’t file a criminal complaint?” He followed with a direct hypothetical: “So if a blackhat found an exploit in solana and it forked the network resulting in huge losses for your defi community, they should accept its a risk of solana and the blackhat did nothing wrong? What is the remedy?”
Yakovenko’s answer separated moral blame from deterrence. “The blackhat is an absolute piece of shit. The remedy is that we need multiple implementations and formal verification to minimize the risk of that happening… We have to make it impossible.” In his view, prosecution is not a reliable control because serious attackers do not expect to be caught, so resilience must come from engineering redundancy and verification, not the threat of the state.
Intersect’s incident report says the wallet responsible for the malformed transaction has been identified and that authorities including the FBI are being engaged. The immediate Cardano story is a fast-patched validation mismatch that re-converged without rollback. The bigger story is a live, founder-to-founder clash over whether permissionless security failures are primarily a matter for protocol design or criminal law—and what precedent the answer sets for every PoS network, Solana included.
At press time, ADA traded at $0.41.
Эрик Трамп постарался опровергнуть связь World Liberty Financial с Россией и Северной Кореей
Локализуем движущую силу крипторынка: как определить накопления крупных игроков
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