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MASTR · 2024–2026

All publications · 23

Original investigations, critical essays and the conversations behind them. Read by subject, follow a thread, or find a person or project in the source texts.

694 · Selected publications · 23/29

Exchanges & custody

Tired of pretending this is normal.

The small guy lost his money on Pumpfun rugs, degen scams, and the bot armies of big CEXs, while the big guy bought the playground, fenced it off, and wrote the rules.

Commentary & rants2 min
Phishing, exploits & privacy

GMGN wallet-draining reports: the October 2025 account

Between October 25 and 28, 2025, hundreds of users who connected their wallets to a major Solana and BNB Smart Chain trading and analytics platform, reported their funds disappearing in real time.

Research & analysis4 min
KOLs & promotion

The Rot of Crypto Twitter (Crypto X)

Crypto Twitter was supposed to be the brain of the revolution by many. Now it’s the casino floor of digital degeneracy. Long gone cryptopunk times.

Commentary & rants6 min
KOLs & promotion

Binance: paid promotion · 25 Oct 2025

The biggest, and most powerful weapon we have against scammers, grifters, manipulators, and crypto-destroyers...

Commentary & rants1 min
Politics & conflicts

Crypto Wasn’t Hacked. It Was Bought;

In November 2023, @cz_binance and #Binance pleaded guilty to money laundering and agreed to pay more than $4 billion in fines.

Commentary & rants2 min
KOLs & promotion

Web3 culture · 23 Oct 2025

⏩There are still a lot of people who feel the same way I do (or the team does) and that genuinely humbles me.

Commentary & rants3 min
KOLs & promotion

Fuck you fr: the original Crypto Twitter rant

An even bigger FUCK YOU to everyone out there feeding short-lived hype, chasing quick pumps, and pretending they understand the game.

Commentary & rants4 min
Binance’s October 2025 disruption: the early account — original source image
Exchanges & custody

Binance’s October 2025 disruption: the early account

In the early hours of October 11 (Beijing time), the world’s largest crypto exchange, Binance, turned from the deepest liquidity venue into the epicenter of a meltdown.

Research & analysis3 min
Networks & infrastructure

The October 2025 AWS outage and dependent services

Earlier today, Amazon Web Services experienced a major outage that started in its US-EAST-1 region in Northern Virginia, one of the most important data centers in the world.

Research & analysis1 min
Exchanges & custody

Binance: exchange accountability · 17 Oct 2025

#Binance now dominates crypto with ~52 % of all spot trading, ~56 % of futures, and controls over 30 % of total order-book liquidity across major pairs (CoinGecko & CryptoQuant, Q3 2025).

Research & analysis2 min
Exchanges & custody

Binance: exchange accountability · 17 Oct 2025

It feels like we, the crypto people, have become the easiest to manipulate, the exit liquidity for corrupt families, syndicates, CEXs, and FIAT billionaires.

Commentary & rants1 min
KOLs & promotion

Binance: paid promotion · 11 Oct 2025

CT and crypto let criminals like @cz_binance all the scammer KOLs and the #Trump family do whatever they want and kiss the asses of these criminals at every opportunity and every single time, everyone acts shocked when it ends badly.

Commentary & rants2 min
Privacy, surveillance and control — original source image
Phishing, exploits & privacy

Privacy, surveillance and control

A discussion of surveillance, data collection and the relationship between privacy and personal autonomy.

Original articles4 min
Research methods

The MASTR investigation toolkit

Cielo – Wallet Tracking (EVM, Bitcoin, Solana, Tron, etc.) 🔺TRM – Create graphs for addresses/transactions 🔺MetaSuites – Chrome extension that adds extra data on block explorers 🔺MetaSleuth – Similar to TRM but intended for retail users…

Research & analysis3 min
Networks & infrastructure

Bitcoin: paid promotion · 28 Sep 2025

I want to make one thing clear: this is not a prediction, just information for those who are interested.

Research & analysis2 min
Building & independence

Crypto gave me a lot and took a lot.

Later I realized you have to take care of the baby, otherwise it becomes what it sadly became this year.

Building & independence2 min
MASTR

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The investigations, original evidence and guides here are free to read. Voluntary donations help fund the research and keep MASTR’s tools available.

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