The only reason the project party did not respond after being attacked by hackers is that the hackers are the project party themselves. They staged the attack and committed violations, so they dare not directly face the exchange; they are panicking and do not know how to face everyone. Therefore, they can only choose to evade.
Binance News
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Binance Freezes Flow Network Hacker Funds and Calls for Project Team Cooperation
Binance Blog releases the latest article discussing the security vulnerabilities of the Flow network. 2025-12-27, the Flow (FLOW) network encountered a major security breach, where a hacker exploited system vulnerabilities to mint a large number of tokens. Binance acted quickly upon learning of the incident to protect its users and the broader community. Binance's team tracked and successfully froze the hacker's remaining funds on the platform to minimize damage and protect the interests of Flow token holders. Despite Binance's repeated attempts to reach out and offer support, the Flow project team has not engaged in meaningful communication or collaboration since the hacking incident. If the project team decides to pursue an independent recovery solution, it is important to exclude the addresses of centralized exchanges (CEX) like Binance from the recovery process, as affected users on various CEX platforms have already received appropriate compensation.
The surge and plunge in the silver market has triggered a bloody tragedy.
On Sunday night, the silver market experienced a rapid rise followed by a sharp drop, with reports that a major European bank's short position was precisely hunted, resulting in a liquidation amount exceeding 7 billion USD.
The participants in the incident are as follows:
1. Long side: JPMorgan Chase is the largest market maker in the international precious metals market.
2. Short side: A major European bank with a short position in silver close to 5 billion USD.
3. Exchange: Comex, New York Mercantile Exchange.
Process of the hunting incident:
The market maker opened a large number of long positions in the international precious metals market at the beginning of this year.
Mainly, this was driven by the price of gold rising from 3,000 USD to 4,500 USD.
As prices continued to rise, it triggered the shorts to enter the market for hedging trades.
At this point, why did the market maker choose to squeeze silver instead of gold?
Because the gold market has sufficient liquidity, with many participants including central banks from various countries.
In this situation, even the largest market makers cannot control the market.
However, the silver market lacks sufficient liquidity compared to gold.
Based on this background, JPMorgan Chase had already laid out its strategy in the silver market in advance.
At this moment, the key participant that appeared was the New York Mercantile Exchange.
We know that all order information is transparent in the exchange's backend.
That is to say, JPMorgan Chase obtained the short positions through the exchange.
Then, through a violent short-term surge, they forced the shorts to liquidate.
The NYSE notified the European bank to replenish 2.3 billion USD in margin before 2 AM. The European bank raised funds from the market and stated they could sell assets, but it seemed that no one was willing to step in to help.
At 2:07 AM, the European bank notified the NYSE that it could not replenish the margin.
At 2:14 AM, the NYSE began to liquidate the European bank's silver short positions.
Silver surged to 87 USD on Sunday night and then plummeted to 70 USD.
This is the precise hunting of the European bank's silver short by the largest market maker.
Can anyone guess which European bank was hunted?
Leave your comments below and share your thoughts on this classic sniping.
This week's major event - Federal Reserve's December interest rate meeting
Timeline: Federal Reserve interest rate meeting on December 9/10
Press conference on December 11 at 3 AM Beijing time on Thursday
Key focus is not the 25 basis points rate cut this month, but the comments from Federal Reserve Chairman Powell during the press conference. If the tone is hawkish about the rate cut,
it indicates that after the rate cut this month, there will be no rate cut arrangements in Q1 2026.
The market will fall back into a downward trend upon the announcement
Buy overdue - sell facts.
Rate cuts are beneficial in the short term but do not solve the liquidity return issue.
Giggle this coin's spot on the same day above 270 is a good opportunity to short
On the same day, the Giggle project team released a negative announcement and the coin price fell accordingly
I believe the traders who shorted made a lot of profit this round
The reversal occurred yesterday when CZ and the influencer posted about donating transaction fees
The coin price rose from 47 all the way up to 273, and the opportunity to short appeared again
I started shorting from 190 and kept adding positions until 260, getting liquidated before the drop
Here are some tips for retail investors
1. When opening futures short positions, it's best to choose low leverage, around 5-10x Going over 20x, the coin price fluctuating 10U can easily lead to liquidation
2. After opening positions, constantly monitor the price trends of BTC and ETH When the market rises, Giggle will behave erratically, and at that time, you should close your position
3. Always check on-chain positions and trading data, especially the positions of large holders
Engaging in the Giggle project requires a mindset ready to take risks
The big account wants to sell 70 b, but doesn't know how to operate. Offering a 2% fee, and still wants to see the assets? Really frustrated. Truly doesn't understand anything. 😂😂😂