A few months back, Doge had this town in his pocket, now you could strain him through a sieve. New money brought new liquidity. The kind of liquidity Doge had hoped would clean the filth right off these streets. But he’d got it wrong. Dead wrong.
The X-ploiters live amongst us. $24 Million gone from XToken. A sub-species of crypto users have developed superhuman abilities which allow them to tear through holes in smart contracts or mould them to their will with flash loans and arbitrage.
Young blood & new money. Rari Capital has fallen victim to a serial attacker, who came from across chains to drain the Rari Capital pool, removing $10 million worth of ETH.
Twice in one week. Value DeFi is a trainwreck. Six months ago they lost $7M. Three days ago they lost $10M. Now they’ve lost another $11M. What went so wrong with Value DeFi?
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.