0xngmi
0xngmi is the pseudonymous co-founder of the decentralized-finance data platform DefiLlama and is publicly active on X under that name. In March 2023 he briefly forked the DefiLlama website in opposition to a proposed token launch before the team reconciled the next day. During the October 2026 BinanceBinanceBinance is a global digital asset trading and multi-asset financial platform launched in 2017 and co-founded by Changpeng Zhao and Yi He. Its business has expanded from spot trading to derivatives, wallets, payments, a public blockchain ecosystem, market data, traditional securities, and artificial intelligence interfaces; its history also includes security incidents, regulatory enforcement across multiple jurisdictions, a 2023 U.S. criminal settlement, and subsequent compliance restructuring.Open the full entry theft he posted that AaveAaveAave is a decentralized, non-custodial lending protocol deployed on Ethereum and several other public blockchains, where users can deposit crypto assets into liquidity pools to earn interest or borrow on an overcollateralized basis. The protocol is governed by the Aave DAO, made up of AAVE token holders.Open the full entry had frozen its Ethereum mainnet V3 markets; Aave confirmed the precautionary freeze when it lifted it the next day.
Contents5 sections
Key facts
Identity: pseudonymous co-founder of DefiLlama
0xngmi is one of the pseudonymous co-founders of the decentralized-finance data platform DefiLlama.[1]
His X account, created in March 2021, says he is building a transparent DeFi dashboard at DefiLlama and adds: “Would rather be right than make money.”[2]
March 19–20, 2023Token dispute and fork
On March 19, 2023, 0xngmi said DefiLlama was facing a “hostile takeover”: whoever controlled its domain and Twitter account wanted to announce a token despite team opposition. He set up a fork at llama.fi and urged users to switch.[1]
The next day DefiLlama apologized for poor communication and a misunderstanding within the team, saying no LLAMA token was planned; llama.fi was then redirected to the original site.[3]
October 29, 2026Reporting Aave’s market freeze during the Binance theft
On October 29, 2026, about $6.3 billion in bitcoin and other digital assets was stolen from Binance; on October 31 the FBI tied the attack to the North Korean group TraderTraitor.[4]
At 21:58 UTC that day, 0xngmi posted on X: “aave just froze its v3 markets on mainnet.”[5]
In another post that day he noted that Binance had paid $4.3 billion to the U.S. government a few years earlier to settle charges, and argued that because the theft was smaller, Binance should be able to cover it in full.[6]
October 30, 2026Aave unfreezes markets; MEV fees spike
On October 30 Aave announced that all markets across V3 and V4 had been unfrozen. Aave said they had been frozen as a precaution after initial reports, pausing new deposits and borrows while withdrawals and repayments continued, and that its contracts were unaffected.[7]
The same day 0xngmi wrote that MEV bots had profited heavily over the previous 24 hours, with block builder TitanBuilder collecting about $24.7 million in fees—so far above its usual level that DefiLlama’s systems initially blocked it as a data error. He attributed this to arbitrage opportunities created by the hacker’s actions and general panic.[8]
Sources
- DefiLlama Team Fractures Over Potential Token Launch (opens in a new window)
- 0xngmi (@0xngmi) / X (opens in a new window)
- DefiLllama Drama Put to Rest: No Token Planned After Poor Communication (opens in a new window)
- FBI says North Korean hackers behind Binance crypto heist (opens in a new window)
- 0xngmi post on X, October 29, 2026 (opens in a new window)
- 0xngmi post on X, October 29, 2026 (Binance settlement) (opens in a new window)
- Aave post on X, October 30, 2026 (opens in a new window)
- 0xngmi post on X, October 30, 2026 (opens in a new window)