Blockzillas @BlockZillas

Engineer, #Artist for @ShigumaNFT, Creator of Panther Genesis (launched on ME) , Holder of #PrimatesNFT AlienFrens #6908 #6019 #8295 ANIMO NFT, #Pepenals claimyoursol.com/irqCzANVWqDf2x… Joined August 2020

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Blockzillas @BlockZillas

7 months ago

@ShigumaNFT GM

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Shiguma @ShigumaNFT

7 months ago

Gm 🟪 Gshiguma 🟪 Say it back

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Shiguma @ShigumaNFT

7 months ago

Kickstarting the Monday with the rich aroma of freshly brewed coffee ☕️ The perfect blend of warmth, energy, and pure magic to conquer the week ahead.

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@

7 months ago

Gmonad Gshiguma 💜

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Blockzillas @BlockZillas

7 months ago

@Micha3lscontent Lol this has nothing to do with me, I think you tagged me by mistake?

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Blockzillas @BlockZillas

8 months ago

@ShigumaNFT 🔥🔥🔥

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Blockzillas @BlockZillas

9 months ago

@HyperMonkeez cute chimp 0x07bbKE1589520F0DEhE208P07c486Db9550b8197

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Blockzillas @BlockZillas

9 months ago

@HyperMonkeez 0x82d51C1160BEA3513300ff6bC3c13AD9D956684D OG ?? oh that sounds cool

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Blockzillas @BlockZillas

9 months ago

@AbstractChain LFG

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ElonTrades @ElonTrades

9 months ago

The Oct 11 Crypto Crash — What Really Happened TL;DR: Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles. That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement. It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover. What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage. 1️⃣ The Setup Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral. Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability. On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window. 2️⃣ The Exploit During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere). Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations. Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress. 3️⃣ The Profit Engine The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources. As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom. Timing, precision, and funding paths all suggest coordination. 4️⃣ The Contagion Binance liquidations dumped BTC/ETH/ALTs into thin books. Other exchanges mirrored the collapse through cross-market bots. Market makers hedged across venues were forced to unwind everywhere. Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral. 5️⃣ Who’s at fault? Binance: design flaw + delay in oracle rollout = root cause. Exploiters: executed and timed the manipulation, profited via external shorts. Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else. 6️⃣ Aftermath Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration. USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations. Bottom line: A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath. Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.

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Hanzo ㊗️ @DeFi_Hanzo

9 months ago

What REALLY happened on 10.10.25. Recap: Binance just reminded everyone who really runs this market, this crash wasn’t about trump, tariffs, or macro, that was noise, the real story happened inside the books: One market maker, you definitely know, moved $700M to Binance hours before the crash, 200M of that was in $BTC. Few noticed. Then, as traditional markets bled, crypto started following, but something was off the order books on Binance went hollow. No bids, no walls, just a free fall waiting to happen. Volume on $BTC candles: > 23:00 – 2k sold > 00:00 – 12k > Even one-minute candle had 1k btc "inside" Was this organic? At $108k, liquidation pressure hit terminal velocity Binance’s own market maker stopped defending the price and pulled liquidity this is exactly why atom went to $0.001, and the worst part? Traders couldn’t even fight back! On every other exchange you could close, hedge, or buy the dip manually, on Binance, buttons stopped working. Stop orders froze, limit orders hung, only liquidations were executed perfectly (but not in the way should have been executed) think about it — your position, 50x cross, stop at -1% > market dumps 50% > your stop never hits, your account gets nuked 25x over > and if you were mirrored across pairs, it’s game over arbitrage bots amplified it, selling where price still held, deepening the fall lending protocols liquidated positions > alts down 80% > anything with 2x leverage or more = gone guaranteed. > some positions with even less leverage were liquidated. > hundreds of portfolios erased, some funds too, no one’s admitting it publicly yet, but you can read it between the lines the market just showed its real nature - unfair, manipulated, and merciless, only the strongest survive here, and sometimes even they can't handle it. If you’re still here, bleeding but alive, you’ve already passed a test most never recover from don’t quit now. Learn what actually moves price, not what influencers say does the next wave rewards those who survived this one follow, we will fight together