Slerf - Rekt
Solana Meme Coin SLERF turns into a hot mess after dev's $10M fumble.
Solana Meme Coin SLERF turns into a hot mess after dev's $10M fumble.
Once seen as one of the darlings of Defi among Uniswap, Curve and Aave. SushiSwap showed a lot of promise, but that promise has been overshadowed by drama, which can be relentless at times. If we could have a leader board of Defi trainwrecks, surely Sushiswap would make the list.
March 8th, $2.1M was stolen in multiple attacks on the ETH-based DEX shortly after a contract upgrade to their DEX aggregation contract.
WooFi got taken for a $8.5 Million ride on March 5th, after a flash loan attack on Arbitrum.
Over $6.4 million was stolen from users wallets on February 28, thanks to the bad tao of Seneca. Roughly 80% of the funds were returned within a day. Clearly Seneca knew there were issues, but chose the reckless route.
Governance is a theater. Dramatic walkouts from liquidity experts and risk managers alike serve as stark reminders of the complexities and challenges of decentralized governance.
On-chain black magic led to two of Abracadabra’s cauldrons springing a leak yesterday. $6.5M gone and MIM losing its magic... What dark arts are needed for a full repeg?
Infinite approvals… the ultimate leap of faith. Socket’s Bungee bridge lost $3.3M yesterday. Have you checked your approvals lately?
A fitting regulator for our circus of an industry. Yesterday, the SEC’s official Twitter account was compromised, announcing the approval of Bitcoin ETFs. Will the SEC investigate itself?
Gamma Strategies, an Arbitrum-based concentrated liquidity management protocol, was exploited for at least $4.5M, earlier today. Recently we wondered, "Can we do better this year?". So far, it’s not looking good.
It wasn’t just fireworks blowing up on New Year’s Eve... Orbit Chain’s Ethereum bridge lost $81.5M. What will 2024 bring?
2024 is off to a bright start... Lending protool Radiant Capital lost $4.5M, to a known bug. Keeping up with the security landscape is key, especially when dealing with forked code.