Soursen

Independent writing on infrastructure, AI, security and crypto.

crypto

Published Soursen pieces tagged crypto, with the standfirst, the beat and the day the piece went up. Every fact is checked against the source.

Banner for “Binance Lost $6.3 Billion in About 20 Minutes. The Attack Started With One Laptop”

Security

Binance Lost $6.3 Billion in About 20 Minutes. The Attack Started With One Laptop

On 29 October 2026 attackers drained roughly $6.3 billion from Binance hot wallets in about 20 minutes, 4 times the size of the previous record. The way in was a compromised engineer’s laptop, and the clever part was a new Ethereum feature called EIP-7702 that let them turn a hot wallet into an automatic sweeper. I went through how it happened, how much got frozen, and why this did not break crypto the way it would have a few years ago.

8 min read

Banner for “Richard Heart Beat the SEC on a Technicality, Then His Own Tax Office Caught Up With Him in…”

Crypto & markets

Richard Heart Beat the SEC on a Technicality, Then His Own Tax Office Caught Up With Him in…

On 14 October 2026, Turkish police arrested the founder of Hex and PulseChain on an Interpol red notice issued for Finland, which suspects him of gross tax evasion. He had walked away from a $1 billion SEC case 18 months earlier, not because a court cleared him, but because the judge found no US jurisdiction. I went through the whole arc, the sacrifice mechanism, the allegations, the dismissal that was not an acquittal, and a blockchain whose biggest customer was its own founder.

11 min read

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