Jay Mar

Founder @Web3Automated | Servant of the Lord and Saviour Jesus Christ | Mathematician @unibirmingham

[Jay Mar @JayMarWeb3]

Founders and builders working on Web 3 / crypto consumer apps should watch this

[Web 3 Automated @Web3Automated]

Ever wondered what we do at @Web3Automated?

Here's @JayMarWeb3 breaking it down.

[Jay Mar @JayMarWeb3]

2 days into June, and 2 DeFi exploits have happened already!

@TesseraDAO on the BNB Chain suffered a similar exploit to @Aave in April, where instead of $rsETH, 100 million $TSR tokens (worth $2-$3 million) were falsely minted and used as collateral to withdraw $USDT.

Fluid lending (@0xfluid) lost over 100,000 $FLUID tokens and some $cbBTC (worth over $215,000) as their @Merkl_xyz rewards distribution system was compromised and rerouted into an attacker's wallet.

Both communities have been shocked by these exploits and will want to know if their funds are safe and how the protocols plan to recover from and overcome this.

Both teams will now have support gaps that allow even more exploits to happen, not due to technical issues, but due to a lack of scalable community customer support that comes from not using @Web3Automated

[Jay Mar @JayMarWeb3]

@moonpay gm!

[Jay Mar @JayMarWeb3]

@merkl_xyz was not involved in this exploit, rather an account on the platform was compromised due to the faults of the @0xfluid team alone.

[Jay Mar @JayMarWeb3]

2 days into June, and 2 DeFi exploits have happened already!

@TesseraDAO on the BNB Chain suffered a similar exploit to @Aave in April, where instead of $rsETH, 100 million $TSR tokens (worth $2-$3 million) were falsely minted and used as collateral to withdraw $USDT.

Fluid lending (@0xfluid) lost over 100,000 $FLUID tokens and some $cbBTC (worth over $215,000) as their @Merkl_xyz rewards distribution system was compromised and rerouted into an attacker's wallet.

Both communities have been shocked by these exploits and will want to know if their funds are safe and how the protocols plan to recover from and overcome this.

Both teams will now have support gaps that allow even more exploits to happen, not due to technical issues, but due to a lack of scalable community customer support that comes from not using @Web3Automated

[Jay Mar @JayMarWeb3]

@merkl_xyz @TesseraDao @aave @Web3Automated @0xfluid Yes, I believe this was made clear when I said “their @merkl_xyz rewards distribution was compromised” not @merkl_xyz was compromised, and I will add a disclaimer as a pinned reply👍

[Jay Mar @JayMarWeb3]

@WatcherGuru Never been a better time to buy!

Remember last cycle this was ALL TIME HIGHS

[Jay Mar @JayMarWeb3]

@WatcherGuru LFG!

That dip is getting bought!

[Jay Mar @JayMarWeb3]

@0xairtx 😂😂😂

$SUI at $0.8 looks good to me!

[Jay Mar @JayMarWeb3]

@LinkedInLunat1c 😂😂😂

[Jay Mar @JayMarWeb3]

@BTCCexchange Gm

[Jay Mar @JayMarWeb3]

@WatcherGuru Never a better time to buy!

[Jay Mar @JayMarWeb3]

@Vivek4real_ It’s a memecoin remember

[Jay Mar @JayMarWeb3]

@Kalshi_Crypto So why are the the polymarket traders crying about it?

[Jay Mar @JayMarWeb3]

@RoundtableSpace GM

[Jay Mar @JayMarWeb3]

@Jelitics They didn’t upgrade your account?

[Jay Mar @JayMarWeb3]

@CoinDesk Sounds like a rip off Instagram

[Jay Mar @JayMarWeb3]

@bruca GM

[Jay Mar @JayMarWeb3]

@willo2_Poly Welcome to crypto!

[Jay Mar @JayMarWeb3]

@tokens @AnthropicAI Open AI walked so Anthropic could run!

[Jay Mar @JayMarWeb3]

@kornbuilds Try WhatsApp