DeFi is a volatile protoscience. The Alchemix post-mortem shows how modern-day alchemists almost succeeded at safely creating gold out of the ether.
Not a hack but a stampede. The bull market finished late on Iron Finance, but the IRON stablecoin quickly melted when a mass panic gripped the nervous TITAN token holders.
The markets may have cooled off, but the fundamentals remain the same. If the dog and genital coins didn’t prepare you for a bit of the old ultra-volatility, then what did you think was going to happen?
Welcome to the slaughterhouse. Another fork of a fork has rolled off the conveyor belt with $6.3M falling straight into the hands of the hacker.
The hackers are really spoiling us this week with our fourth helping of the exact same meal. Can you ever really get tired of a classic? $7.2M was stolen from BurgerSwap in just 14 servings.
Once was not enough for Merlin Labs. Just 8 hours after the first attack, they lost another ~200 ETH, yet still they remain at the bottom of the leaderboard. Must try harder.
The PancakeBunny attack pulled the rabbit out of the hat, now a surprisingly similar string of attacks emerges from Binance Smart Chain. $680,000 taken from Merlin Lab.
Autoshark hacked, now they swim with the fishes, although the damage was small - only ~$745k profit. Perhaps the hacker who donated $100k DAI to the rekt.news treasury didn’t like to see Autoshark fishing for promotion in the replies.
Follow our anonymous author into a future of finance. Not one that will be but one that might be.
What was all the panic about?! We all knew it was only temporary, didn't we??? Another bloodbath, this time perhaps slightly overdue. Now the markets have settled somewhat, do you dare be as long as before?
The BSC bloodbath continues. $45 million gone from "PancakeBunny". At its peak, Pancake Bunny had over $10 billion in TVL. At the time of writing, that TVL is down to just over $1 billion. “Aren’t Flash loans Earitating” said the hacker.
$18 million gone from bEarnFi. Has the hacker returned richer to their day job, or do they attack on weekends as they expect less attention? As we watch the rapid rise and fall of TVL on BSC, it becomes even more apparent that time is the most valuable audit of all.