The DeFi hack wave is just starting. Here's what comes next: 🧵
> Hacks continue. AI scans any public contract for vulnerabilities. Source code on GitHub isn't required.
>Teams drain their own protocols under the cover of the hack wave.
> TVL drops across DeFi. Less fees, less revenue, less buybacks. Governance tokens underperform the market.
> Money flows back to CEXes. Binance and Coinbase don't have new attack vectors right now. Ironic, since DeFi was supposed to be the safer option.
> Governments tighten rules. Licensing, KYC], whitelists, etc. They never miss a window like this.
How do you survive this?
1/ Recently an unnamed source shared data exfiltrated from an internal North Korean payment server containing 390 accounts, chat logs, crypto transactions.
I spent long hours going through all of it, none of which has ever been publicly released.
It revealed an intricate ~$1M/month scheme of fraudulent identities, forged legal documents, and crypto-to-fiat conversion.
Enjoy the findings!
You ain’t seen nothing. There was a coin on Binance that was bigger than the entire market of crypto on the 18th of February. 😂 No crying in the Casino
NEW: @binance CO-CEO @_RichardTeng ANNOUNCES THE EXCHANGE IS LOOKING INTO RAVE TOKEN AMID ALLEGATIONS/SUSPICIONS OF MARKET MANIPULATION BY INSIDERS - "WE WILL ALWAYS DO OUR PART TO INVESTIGATE ALL MARKET MISCONDUCT"
Pump and dump activity for $RAVE originated on @bitget@binance@Gate
Call to action for both @heyibinance@GracyBitget to do better and launch internal investigation offboarding the responsible actors.
Offering up to $10K bounty of my personal funds for whistleblowers to come forward privately to share evidence about parties involved
We cannot allow this blatant market manipulation by insiders controlling >90% RAVE support to further extract from retail investors.
Today we launched our new website and investor dashboard with key metrics.
We've also purchased an additional 9,163.32 ZEC at an average purchase price of $234.63 per ZEC.
This brings our total ZEC holdings to 303,906.40, at an average price of $332.83.
Onward.