Lucas Nuzzi (@LucasNuzzi) / X

Lucas Nuzzi

1,898 posts

Lucas Nuzzi

@LucasNuzzi

cofounder & CEO @PortexAI | AI evals & data @ portexai.com

Joined December 2009

Lucas Nuzzi
@LucasNuzzi
Nov 8, 2022
1/ I found evidence that FTX might have provided a massive bailout for Alameda in Q2 which now came back to haunt them. 40 days ago, 173 million FTT tokens worth over 4B USD became active on-chain. A rabbit hole appeared 🧵👇
Lucas Nuzzi
@LucasNuzzi
Nov 22, 2022
1/ Over the past few weeks, my team at @coinmetrics has been obsessed with answering one question: How did Alameda manage to lose billions of dollars of FTX user funds? I think we've found some answers 👇🧵
Lucas Nuzzi
@LucasNuzzi
Jan 21, 2021
1\ There is an alarming amount of misinformation (fueled by the media) on what exactly happened to Bitcoin yesterday, and whether funds were "double spent" Here's everything you need to know 👇
Lucas Nuzzi
@LucasNuzzi
Mar 4, 2019
The beginning of Public-key cryptography: "Can the reader say what two numbers multiplied together will produce the number 8616460799? I think it unlikely that anyone but myself will ever know" -William S Jevons, The Principles of Science, 1874
Lucas Nuzzi
@LucasNuzzi
Feb 15, 2024
How much does it cost to 51% attack Bitcoin and Ethereum? To find out, we simulated what an attack would look like. Our paper, Breaking BFT, was published today with some interesting results ⬇️ papers.ssrn.com/sol3/papers.cf…
Lucas Nuzzi
@LucasNuzzi
Nov 26, 2018
#Bitcoin is like the internet, but we're still in 1988. To remind myself of that, I built a Raspiblitz Bitcoin full node + Lightning using a @Raspberry_Pi and a 1988 television. We might be early, but the #LightningNetwork solves a real problem and Bitcoin is here to stay.
Lucas Nuzzi
@LucasNuzzi
Nov 13, 2022
1/ FTX might have minted Serum (SRM) off thin air to prop up its balance sheet: Serum's total supply increased by 60% this year via 2 huge mints. These were not previously disclosed based on anything I could find. 1st mint: Feb 19, 50M SRM 2nd mint: May 25, 50M SRM
Lucas Nuzzi
@LucasNuzzi
Aug 3, 2021
BSV is going through a massive 51% attack. After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46AM and attackers are succeeding. Over a dozen blocks are being reorgd & up to 3 versions of the chain being mined simultaneously across pools.
Lucas Nuzzi
@LucasNuzzi
Jun 14, 2022
Celsius calls itself a "network" or a "lender" But in reality, they operate more like a highly-leveraged hedge fund. Their business model consists of deploying user deposits across DeFi protocols with the goal of maximizing yield. 1\ A thread on what went wrong 🧵
Lucas Nuzzi
@LucasNuzzi
Nov 8, 2022
Replying to @LucasNuzzi
5/ Here's what I think happened: - Alameda blew up in Q2 along with 3AC+ others. - It ONLY survived because it was able to secure funding from FTX using as "collateral" the 172M FTT that was guaranteed to vest 4 months later. Once vested, all tokens were sent back as repayment.
Lucas Nuzzi
@LucasNuzzi
Nov 8, 2022
Replying to @LucasNuzzi
11/ Important to note that this is my own personal highly-speculative take on what happened based on these on-chain artifacts. A lot more is likely going to come out in the following days.
Lucas Nuzzi
@LucasNuzzi
Jun 19, 2018
PSA: If you think the #EOS launch was chaotic, wait until #TRON launches in a couple of days... I also happened to have reviewed the entire $TRX codebase. My eyes hurt. They should rebrand to "TRON: the Frankenstein of crypto." Learn more 👇
Lucas Nuzzi
@LucasNuzzi
Feb 12, 2021
1/ It's time to have a conversation about #Dogecoin. If you're invested in $DOGE after @elonmusk's much endorsement (such wow), there are a couple of things that you should probably know👇
Lucas Nuzzi
@LucasNuzzi
Nov 8, 2022
Replying to @LucasNuzzi
10/ Long and behold, Binance comes to FTX's rescue. Did CZ just walk out with one of his largest competitors at the expense of a relatively large FTT bag he was going to unwind anyways? Huge if true™️