18 quadrillion dollars. That’s the theoretical value of the 60 trillion aBNBc that was illegitimately minted from Ankr. Unfortunately, that’s more than the GDP of the entire world, and the aBNBc liquidity couldn’t stretch that far, so the hacker only got away with $5M.
Desperate times call for desperate measures, such as propagandaposting from the European Central Bank Twitter account. Is the ECB giving financial advice?! This won’t age well.
SBF’s meltdown has gone from bad, to worse, to weird. The facade has fallen, and all his “beliefs” have turned out to be bullshit. The crypto movement is bigger than the failures of the past week, or at least, it will be...
It’s all come crashing down for SBF, FTX and Alameda. Whether motivated by greed or altruism, the result is the same. The ends don’t justify the means - not when it ends like this.
Deribit has lost $28M from their hot wallets on the Ethereum and Bitcoin networks. As with all cases of “compromised keys”, only insiders can say for certain what caused the breach, but we have our usual suspects…
Skyward Finance has come crashing down to earth. The NEAR-based token launchpad had its treasury drained of approximately $3.2M. Don't fly too NEAR to the sun.
There’s no $ in Team. Four projects got rugged through their shared anti-rug mechanism. $15.8M lost, and number 46 on the leaderboard. Go Team.
After aggressively farming many of DeFi’s most lucrative opportunities since 2020, SBF is now suggesting his own industry standards, many of which go against the entire concept of decentralisation. Sam says we need “customer protection”. But from who?
Bear markets offer easy opportunities to market manipulators, who find it easier to move prices when liquidity is low. Lending protocol Moola Market is the latest to fall victim to a “highly profitable trading strategy”, and the first CELO protocol on the rekt.news leaderboard (#63).
This is a community-led investigation by rekt.news readers. DAO Maker, after getting rekt for $7M and then $4M last year, proposed a compensation plan to the affected users. But it appears the team had a change of heart.
Solana’s flagship margin trading protocol lost 9 figures to a well-funded market manipulator. The attacker managed to spike the price of Mango Markets’ native token MNGO and drain their lending pools, leaving the protocol with $115M of bad debt.
TempleDAO’s STAX was hacked for approximately $2.3M worth of LP tokens. The vulnerable contract had been live for four months. Why did it take so long to be exploited?