2 for 1, that’s Value DeFi - The first protocol to feature twice on the rekt leaderboard. First seven million, and now ten million dollars taken, as Value DeFi gets rekt cross-chains.
Truth can be stranger than fiction… If the TrueBit launch wasn’t a scam, then why was there so much suspicion? With no official media channels or any form of up to date launch announcement, there is still much we don’t know about the mysterious launch of TrueBit protocol.
Sparta has fallen. A flaw in the code allowed an attacker to drain the SPARTA/WBNB liquidity pool, earning themselves $30 million and the 6th position on the rekt leaderboard as a result.
Layer two is here, and apps are scaling fast. They say life on the second layer is a huge improvement, but how long will it last? What is Layer two, what do we know about the solutions that are being offered, and is everything as safe as it seems?
Cross-chain hacks are on the rise. Uranium Finance exploded again, leaving BSC users to cope with the fall out. $57 million gone, in the latest hack on Binance Smart Chain.
It’s been at least three months since the FOMO began, and the shitcoins show no sign of stopping. Countless people making X amounts of gains, and still we continue to laugh at what we see as scams and money grabs, confident in the knowledge that the bubble will surely burst. It all starts to feel familiar… Are we the boomers now?
The first big hack of a layer two protocol was EASY - $6 million in stablecoins and ~$53 million in EASY tokens gone without any complications, when the mnemonic keys for Easy Network fell into the wrong hands.
Now we are on the other side of the $COIN, and the game has changed forever. The Coinbase listing was a milestone for not just the founders, but all early believers and current enthusiasts. Now Wall Street can consume Bitcoin profits without having to look crypto in the eye, and the legitimisation of our industry continues.
FEI has failed to maintain its $1 peg, and protocol governance token TRIBE has dropped by around 30% since launch. Fei’s tokenomics imprison and punish their users for the failures of the founders, and the project is widely seen as a disaster. What does the future hold for Fei, and for algorithmic stablecoins in general?
A white hat is not white if nobody can see it. The community rugged itself. Force DAO - the smallest airdrop followed by the most unremarkable hack.
Consider a world where we don’t share moments - we trade them, where every second can be sold and every minute might make money. From moments in sports to the past performance of politicians. Where, or when, will it end?
Beeple is out and who can blame him? Maybe those who who paid millions in ETH for his artwork, or maybe those who promoted him as a figurehead for the NFT industry. Will this mark the end of the NFT craze?