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…
When overall integrity in cryptocurrency is at an all time low, the importance of unbiased & quality journalism becomes increasingly clear. rekt.news speaks to The Defiant about Alexey Pertsev and the current state of crypto journalism.
Code is not law. Avraham Eisenberg has been arrested in Puerto Rico. Despite the satisfaction of seeing this arrogant aggressor finally arrested, the consequences of his case do not look good for DeFi.
On Friday, Raydium, a Solana-based AMM, lost a total of $4.4M in fees from its liquidity pools. Post-FTX, the future of Solana feels uncertain...
Lodestar Finance is the latest victim of the mass market manipulation that has affected both people and protocols across our industry. Lending pools drained for $6.5M put Lodestar at number 77 on the leaderboard.
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.