Meltdown


They’re at it again. And once more, we’ll all pay the consequences. The treatment isn’t a cure, just short-term relief. As chaos rages in TradFi, we must show resilience.

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Euler Finance - REKT


Against the backdrop of a banking meltdown and stablecoin crisis, Euler Finance was struck a $197M blow. Many other projects had funds tied up in Euler, is anywhere truly safe?

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Hedera - REKT


A nebulous threat rattled the entire Hedera ecosystem, yesterday. Dapps from across the network were affected and Hedera remains down while investigations continue. DeFi users spook easily… and with good reason.

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Silvergate - REKT


Unbanking the banked. After a troubled few months, Silvergate has finally given up. A house of cards will collapse when shaken. Who's next?

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Iron Bank vs Alpha Homora


Things move fast in DeFi, but this is a slow burner. A two-year old exploit, $30M of bad debt, holding user funds hostage... Worrying precedents are being set for conflict resolution in DeFi. How did we get here?

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Hope Finance - REKT


Abandon Hope all ye who enter here. $1.86M was rugged from Hope Finance yesterday. It’s impossible to know whether the doxxed individual accused by the team is truly to blame. Don’t get your Hopes up.

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Dexible - REKT


Crisis-comms calamity as cross-chain chaos continues… Dexible lost a total of $2M on Friday, on Ethereum and Arbitrum. In Dexible’s own words... "exploits happen in DeFi."

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Platypus Finance - REKT


Evolution works in mysterious ways. Platypus Finance lost $8.5M to a flash loan attack on its recently-launched stablecoin. It’s a jungle out there... and, as ever, it’s survival of the fittest.

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Orion Protocol - REKT


The hunter has become the hunted. Orion Protocol fell prey to a $3M reentrancy exploit on ETH and BSC. The loss was contained to an internal broker account and user funds are safe. Let's hope they take a more Sirius approach in future.

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BonqDAO - REKT


BonqDAO got bonked for $120M, but the anonymous attacker got away with less than $2M. The hacker was able to manually update the price feed of collateral by staking just $175 worth of TRB tokens.

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Midas Capital - REKT


The Midas touch has backfired, leaving a $660K hole in one of its jFIAT pools. The read-only reentrancy vulnerability is a known weakness of a recently introduced collateral type. Let’s hope this rushed decision doesn’t prove to be Midas’ undoing this time…

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