A Stable Future
What would the world look like if stablecoins were the norm, and blockchain technology was woven into our daily lives?
What would the world look like if stablecoins were the norm, and blockchain technology was woven into our daily lives?
Thieves in the night take advantage of Open House as RWA protocol on Base leaves the front door unlocked. Grand Base slammed in $2m exploit due to a deployer wallet private key leak.
PrismaFi fell victim to a flash loan attack, resulting in a loss of 3258 wstETH tokens, valued at approximately $11.6 million.
The Blast L2 Big Bang award-winning project Munchables was exploited for $62.5M by a rogue dev. Funds retrieved from dev within a few hours in a rollercoaster ride of a day.
Curio's MakerDAO-based smart contract on Ethereum was exploited for $16 million, due to a critical vulnerability involving voting power privileges.
Blast L2-based game Super Sushi Samurai's LP drained $4.8m in contract bug exploit shortly after its launch, and the price dropped 99.9%.
Solana Meme Coin SLERF turns into a hot mess after dev's $10M fumble.
Once seen as one of the darlings of Defi among Uniswap, Curve and Aave. SushiSwap showed a lot of promise, but that promise has been overshadowed by drama, which can be relentless at times. If we could have a leader board of Defi trainwrecks, surely Sushiswap would make the list.
March 8th, $2.1M was stolen in multiple attacks on the ETH-based DEX shortly after a contract upgrade to their DEX aggregation contract.
WooFi got taken for a $8.5 Million ride on March 5th, after a flash loan attack on Arbitrum.
Over $6.4 million was stolen from users wallets on February 28, thanks to the bad tao of Seneca. Roughly 80% of the funds were returned within a day. Clearly Seneca knew there were issues, but chose the reckless route.
Governance is a theater. Dramatic walkouts from liquidity experts and risk managers alike serve as stark reminders of the complexities and challenges of decentralized governance.