>For starters most should be aware that 7 days ago CZ posted >"No crypto wallet is 100% safe. No software is bug free. No tech is 100% secure. There are risks in everything you do." >the thing that makes me super uneasy is just how fast issuers freeze billions in digital assets, 2.6b frozen... >incentives are lining up majorly, supposedly funds are safe from cz, binance hasnt mentioned a word >issuers are proving to their controllers that assets are controllable which is all regulators and institutions want to see >regulators just got a live demonstration that on chain $$ are enforceable without any new legislation >everyones smiling except the poor cunts holding the coins >not for one second do i believe they are "working with law enforcement" out of circle, tether, ripple, wlfi only circle even mentioned this >i dont know how no body cares about this when it happens, agreed cyber security is fucked moving forwards, not just for crypto but for everything >but this truly feels like problem reaction solution now >it used to be your keys your coins etc, now we have companies just freezing billions in assets at 3am with the push of a button >stables coins as money in the future is painting a fucking bleak picture >we have seen hacks or exploits in ledger, polymarket last night, i think we will see a lot more of this, whether its real or insider to enforce harsher regulation on markets and AI, AI will probably most likely get blamed for everything and cyberattack will be branded on every paper trail, either way i dont like it, all of it feels like rehearsal more than theft >companies freezing billions in assets and being thanked for it is the precedent set for the foundations of a great financial reset from a market perspective >i dont think this is price shock yet, just liquidity shock >withdrawals suspended.... >the longer this goes on the longer the damage >i think we chop here for a bit, binance seems more affected than the overall market >as posted the otherday maybe we do get our liq grab at 72-75 before heading back up >if it was capitulation we would of seen it already >delegation on binances hot wallet is still ongoing, the way it was done was super interesting regardless of all this hopefully we grab that liq and start to run it back, im still bullish but all eyes on changes and implications that come from this