Mixin Network - REKT
What a way to start the week. This morning, Mixin Network announced a loss of $200M. The project claims to be “decentralised”, but has blamed the losses on a hacked third-party database. Where's the accountability?
Gone Phishing
Phishing is a year-round sport. But crypto is providing especially bountiful waters lately. You’d have thought those of us still around would know better by now… What lurks in the murky depths?
Remitano - REKT
Another exchange drained, is Lazarus going for a September hat-trick? Remitano's hot wallets were hit for $2.7M, yesterday. But quickly frozen USDT ensured profits were vastly reduced. Are we… learning?
CoinEx - REKT
rekt across thirteen chains. Is that a new record? CoinEx has become the latest crypto custodian to have its hot wallets emptied, losing an eventual total of $54.3M. How long until the next CEX is hit?
Cat and Mouse
Privacy is dying, but all hope is not lost. The tug of war between crypto-enabled privacy and regulatory oversight has been on-going for years. Are Privacy Pools the answer?
Stake - REKT
They say the house always wins. Not in crypto. On-chain casino Stake lost over $41M from its hot wallets today. But why the delay, and omissions, in official comms?
Balancer - REKT
Balancer has had a bit of a wobble. First came a warning. Then, last Sunday, the AMM (along with ‘official partner’ Beethoven X) lost $2.1M from v2 Boosted pools.
Exactly Protocol - REKT
L2s have been going through something of a rekt-naissance lately. Exactly Protocol got hit for $7.2M by an exploit which drained users' collateral. Will Exactly ever financially recover from this?
Shibarium Bridge - REKT
The Shibarium devs are in the doghouse. A botched launch of Shiba Inu’s ETH L2 sees a total of $2.6M of user funds stuck in a faulty bridge. Memecoins are evolving... but why?
RocketSwap - REKT
RocketSwap has lost $869k to compromised private keys, allegedly stolen in a bruteforce attack on the project’s server. We are very sorry for your loss.
Zunami Protocol - REKT
The Curve ecosystem can't catch a break... Yesterday, Zunami Protocol lost $2.1M to a price manipulation attack. Keeping DeFi safe is a constant game of cat-and-mouse, one that can’t always be won.
Steadefi - REKT
Steady lads. Steadefi lost $1.14M to a compromised deployer address on Monday. The attacker drained lending contracts after transferring their ownership. Phishing or an inside job?