On Oct 11, ZEROBASE had ~$600M live across major exchanges.
Funds were running 19 strategy teams, 23 strategies, in parallel.

We witnessed

• Market makers pulled liquidity from almost all altcoin pairs
• Several major pairs saw minutes-long liquidity vacuums
• One exchange’s trading API went down around 4am — no access, no execution
• Others couldn’t place orders or behaved abnormally under load

When people talk about “risk,” they usually mean smart contracts.
On Oct 11, risk came from anywhere in the dark forest.

Security is multi-dimensional. It requires humility toward both markets and systems. If all attention goes to smart contract security, attackers move to frontend supply chain.

If everyone hardens infrastructure, failures emerge from somewhere mundane.

The day before yesterday, CME’s data center lost AC.
Gold trading halted for hours. Price moved violently.

No hack. No exploit. Only brutal savage reality.

The Market is boiling the frog. Oct 11 was tough. It forced us to see where systems bend — and where they don’t.

Size your risk. Know your exits. We are so back.