Bitcoin Hits $111K – A $260M Cetus "hack" follows… but the market didn’t care. UP ONLY SEASON 🚀

Aristocratic

Aristocratic

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Just another totally normal day in crypto…

Bitcoin smashes through a new all-time high at $111,861 — cheers BTC maxis.

buuuuuuuuuuuut.......

Cetus Protocol on SUI gets hacked for over $260 million. 💀


Because obviously, we can’t have a Bitcoin ATH without some catastrophic “black swan” to keep everyone in check.


The hacker is already converting the loot to $USDC, cross-chaining to Ethereum, and flipping it for $ETH like it’s just another Tuesday. About $60M in USDC has already made the jump.


Honestly, it's starting to feel like every new BTC high comes with a built-in DeFi apocalypse.

Do you really believe it was a hack or the general crypto exit technique for the big companies?

Honestly, I expected $SUI to tank after the hack — but nope, price wen %2 up lol. The rest of the market didn’t care either.

Seems like its UP ONLY SEASON!


https://twitter.com/x/status/1925515662346404024

https://twitter.com/x/status/1925520316044046809
 
MisterF said:
North Korea hackers, possibly?
Click to expand...

Mossad is apparently running North Korean hackers lately lol

Venusaur said:
I have been waiting for an altseason for the last 15 months, time to just hide this kind of news and let this shit finally go up 😂😂
Click to expand...

Still no signs. I've only been waiting since...

Vix said:
Some of these recent hacks are looking a bit too fishy... Someone’s not being loyal.
Click to expand...

#IYKYK 👀
 

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Rem said:
if its not NK its china if it aint china its Russia
if it aint russia
its def NK
if it aint NK
its china
...
Click to expand...
it can be other countries too you know.
 
MR.Spuf said:
Still, I think it's good
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Arguably, i guess. Most people got into crypto between 2017 and 2021 with the vision of building a decentralized and private financial system. Don’t get me wrong as I’m completely against hacks, scams, and bad actors. But when DEXs like SUI have the power to freeze funds in the name of stopping a hacker, what’s stopping them from doing the same to, say, a country that doesn’t align with certain political interests? Or to individuals who oppose a particular agenda?
 
Aristocratic said:
But when DEXs like SUI have the power to freeze funds in the name of stopping a hacker, what’s stopping them from doing the same to, say, a country that doesn’t align with certain political interests? Or to individuals who oppose a particular agenda?
Click to expand...
I don't think they will risk something within those lines you're mentioning. It's a top 10 mc contender so I don't think they will risk it just to start "dictatorship" it around.

And until clear regulations, there is still a wild wild west in crypto, dex or cex
 
MR.Spuf said:
I don't think they will risk something within those lines you're mentioning. It's a top 10 mc contender so I don't think they will risk it just to start "dictatorship" it around.
Click to expand...

Once again, we don’t know what they plan to do — we can only look at what they could do and the options they have.

They can freeze the funds and this is a fact. Unfortunately

MR.Spuf said:
And until clear regulations, there is still a wild wild west in crypto, dex or cex
Click to expand...

True
 
Unpopular opinion.

Bitcoin has no future other than being the face of crypto.

It's to slow. Volatile. It can have no real world applications because no one knows who started or owns it.

Imagine a state using it back something say America hypocritical goes all in on btc only for China to be the main power behind it.

Bitcoin the household brand name. For crypto. Nothing else.
 
t2van said:
Unpopular opinion.

Bitcoin has no future other than being the face of crypto.

It's to slow. Volatile. It can have no real world applications because no one knows who started or owns it.

Imagine a state using it back something say America hypocritical goes all in on btc only for China to be the main power behind it.

Bitcoin the household brand name. For crypto. Nothing else.
Click to expand...

I understand your point of view. Bitcoin definitely has its limitations in terms of speed and volatility. But despite that, it has already cemented its place as the face of crypto. Like gold, which isn’t practical for everyday use yet is still a trusted global reserve asset, Bitcoin seems to be evolving into a digital gold equivalent, not necessarily for spending, but for storing value.

The fact that countries and major institutions are now backing it only reinforces its legitimacy in the financial system.

Even though i dont like it lol
 
Aristocratic said:
I understand your point of view. Bitcoin definitely has its limitations in terms of speed and volatility. But despite that, it has already cemented its place as the face of crypto. Like gold, which isn’t practical for everyday use yet is still a trusted global reserve asset, Bitcoin seems to be evolving into a digital gold equivalent, not necessarily for spending, but for storing value.

The fact that countries and major institutions are now backing it only reinforces its legitimacy in the financial system.

Even though i dont like it lol
Click to expand...
They won't back it because they don't know who started it. They may invest into it like a fund.

As I said it's a crypto brand it will always have a value because of that.

But it will never get full backing from any state.

Gold is a funny example people use because it's used in wedding rings, aerospace, electronics etc.. It's actually has a proven record.

Like I said unpopular opinion.
 
t2van said:
They won't back it because they don't know who started it. They may invest into it like a fund.
Click to expand...

They are already backing it. Its a fact now.

t2van said:
As I said it's a crypto brand it will always have a value because of that.

But it will never get full backing from any state.

Gold is a funny example people use because it's used in wedding rings, aerospace, electronics etc.. It's actually has a proven record.
Click to expand...

And i dont think is accepted because of that use case. I believe Its because its scarcity and proven record of thousand years :D
t2van said:
Like I said unpopular opinion.
Click to expand...
 
Aristocratic said:
They are already backing it. Its a fact now.



And i dont think is accepted because of that use case. I believe Its because its scarcity and proven record of thousand years :D
Click to expand...
El Salvador

?

Yeah as a global player fills me with confidence
 
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