Binance's hot mess | MempoolReport, by Murch threadreaderapp.com/thread/1524918688993927169.html
57 sats \ 6 comments \ @cointastical 13 May 2022 bitcoin
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0 sats \ 4 replies \ @cointastical OP 13 May 2022
"I'm like 95% sure that Binance dumped a shit ton of UTXOs in mempools to just slow the dump down."
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20 sats \ 2 replies \ @shyfire 13 May 2022
I'm 65% sure this was in some way malicious on Binance's part.
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20 sats \ 1 reply \ @Lumor 13 May 2022 freebie
They are transferring from pre-segwit to segwit addresses as per OP:s/Murch's thread. Good in theory, but the executed in an expensive and somewhat disruptive way.
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21 sats \ 0 replies \ @shyfire 13 May 2022
Which sounds like a perfectly reasonable action. What's missing for me is an explanation as to why now of all times. Seems like a smoking gun.
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20 sats \ 0 replies \ @BlokchainB 13 May 2022
Damn
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0 sats \ 0 replies \ @cointastical OP 13 May 2022
This is the Tweet that kicked off the Twitter thread:
So, I guess it's time to do a #mempoolreport. On 2022-05-11, just after just before 17:00Z, Binance started dumping about 100 blocks worth of consolidation transactions into the mempool. Other than the usual approach, where consolidations are fed to the lower end of the mempool…
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