We traced every leg on chain. @summerfinance_ drained for 6.01M DAI plus 98.6K in vault shares. One atomic transaction.
The flash loan came from @Morpho. Rounding error for them, given how much they allegedly pay @RobinhoodApp for distribution. π
Loop vgUSDC share accounting. Route through Curve into DAI. Out to the attacker. Loan repaid same block.
Thirteen of your underlying yield sources touched in that one tx. spUSDC, gtUSDC, sUSDS, skyMoney, xUSD, more.
Aggregation did not spread the risk. It wired thirteen positions into one surface, then priced the shares off state a flash loan can bend for a single block.
This is the layer your favourite BD is now piping grandma into. Full flow below.
No temptation here to chase TVL with these games for D2. We are at ATH regardless.
Fade D2 at your own risk.
JaredFromSubway the most well known MEV bot on Ethereum just got drained for over $15 MILLION
After years of sandwiching traders for millions of dollars, someone finally got their revenge
Biblical
Mostly buzzword, biasanya dri ikut2an ya awalna dri komunitas, yg bahas dan paham sampai ke tech stack tujuan dan fungsi web3 ya jarang, ramenya dri mid 2021 smpe era 2022. Banyak launching2 protocol baru, Bahasa protocol teralalu hard ketimbang web3, lebih audience friendly
Banyak banget akun dengan foto profil cewek yang mencantumkan "web3 girl" "Crypto Girl" dan sejenisnya. Beneran gak sih mereka ngerti apa yang mereka tulis di bio nya itu? Apa ikut2an doang biar gaya?
Padahal Subtansinya gak jauh2 dari smart contract, token, FE+wallet connect, ane sndri blajar istilah web3 dri platform steemit mirip2 quora yg bisa upvote down vote dapet token $steem, jauh sebelum ada kaito sama creator economy, 2016 udh ada konsep itu steem pioneernya
@Loremaster0x1 @phuchinhtri what does this table mean? 7-25 is it included in the pre attack category? while here it says post attack only on the 26th. So will those who buy on the 7th-25th get a distribution of 1.03 and on the 26th only get 0.000015?
Imo kasus yang bner2 canggih selain jelly attack sama popcat, hurt the vault nya HLP "toxic position" itu di bzx, soalnya attackernya trader juga paham mekanisme margin
Evolusi attacker bkn cmn jago teknis tapi economic design sama game theory di design protocol.