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Straight Pool (STR8)

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@Straightpool4

Cardano & Midnight STR8 pool and Ambassador, Cardano DRep t.ly/pgnY2, Crypto Enthusiast, Computer Scientist
Germany str8pool.com Joined January 2020
534 Following 2K Followers 6.7K Posts

Latest posts 5

Straight Pool (STR8) Verified account @Straightpool4
Here we go again...
Binance @binance Oct 30
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.

The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.

As an immediate precaution, Binance has:

- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.

Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.

Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.

binance.com/en/support/ann…
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Straight Pool (STR8) Verified account @Straightpool4
As a DRep myself, I appreciate this move by Emurgo to retire their DReps on Cardano.

This is a good chance to decentralize the vote stake distribution further.
EMURGO @emurgo_io Oct 28
EMURGO & Yoroi DRep Update: De-registration on 30 November 2026

Further to our announcement on 3 August regarding our intention to de-register our DRep role in Cardano governance, the EMURGO and @YoroiWallet DReps will be formally de-registered on 30 November 2026.

If your wallet is currently delegated to either the EMURGO or Yoroi DRep, please delegate to another active DRep of your choice before 30 November 2026 to ensure you can continue to withdraw your staking rewards and keep your voice represented in Cardano governance. De-registration date may be extended further based on extenuating circumstances.

When choosing a new DRep, we encourage delegators to look for:
- A consistent voting record, clear public rationale, and accountability to delegators
- Long-term commitment to the Cardano ecosystem
- Broad commercial and technical expertise
- A balanced, pragmatic approach that weighs commercial, technical, and governance priorities equally

We would like to highlight DReps such as the @Cardano_CF, @nagamaru_panda , @phil_uplc , @SIPO_Tokyo and @SociousDAO , who have consistently demonstrated these characteristics.

How to re-delegate:
- Open your Cardano wallet and go to the Governance (or Delegation) section.
- Browse the list of active DReps or paste the DRep ID of your chosen representative .
- Confirm and sign the delegation transaction in your wallet.
- As always, governance delegation on Cardano is entirely non-custodial, and your ADA never leaves your wallet.
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