Zeus Staking 🌖

Terra ecosystem maxis! Terra analytics Father of @LunarHub_bot Failed Validator for Terra. Built by OGs! Committed to build on Terra!

[Zeus Staking 🌖 @ZeusStaking]

1/ Hello #LUNA fam, behold! Introducing new tool for the community https://t.co/w8MdQVttfz. What is it and why does it exist? 🧵

[RyanLion 🌒 @TheRyanLion]

A flashback to the glory days

3 years ago today

I remember this moment so vividly - peak euphoria

This bull we take profits 😅

[Sonic @SonicLabs]

Soon.

[Sonic @SonicLabs]

🌟 The Road to Sonic powered by @GalxeQuest is LIVE!

Collect Sonic Shards by completing on-chain tasks each week & combine them into an exclusive NFT once you've got them all.

Explore a variety of Opera apps and prepare for the #Sonic launch with us!

🔗 https://t.co/Esn44fmI5P

[CJ @tweeterazzis]

The same $sol "shillfluencers" who were calling a $500+ #solana cycle a few weeks back are now tweeting that they are no longer bag holding but instead have decided to 'secure profit' because we're going much lower. Can't script this stuff.

[Zeus Staking 🌖 @ZeusStaking]

Disagree here! These are the reasons to convince the retail why the market is crashing!

[Miles Deutscher @milesdeutscher]

Reasons why crypto is crashing:

• Trump presidency odds decreasing
• Recession fears
• Stock market correction
• Yen unwind
• Geopolitical tensions
• Jump unwinding positions
• Gox distributions
• Recent pump trapped fresh longs
• Altcoin dispersion

Perfect storm.

[Zeus Staking 🌖 @ZeusStaking]

@TheRyanLion @TeamKujira But sir funds are safu? 🫠

[BuLL 牛 @bull_bnb]

Btc has been creating lower Lows since 74k ath.
74k -> 60k
72k -> 58500
71k -> 56500
70k -> 53000
70k -> ? 48k?
Mfers are saying new ath every effing time. Each time, alts are being crushed.
Don't over expose yourself. It's better to buy higher then to get rekt.
#Btc

[Rujira @RujiraNetwork]

GM all. We’d like to address the current events.

As a team we thought the best use of a portion of ops funds would be to leverage and deploy across the ecosystem in order to bootstrap liquidity and activity. We genuinely felt like this was the correct course of action at the time. This unfortunately coincided with a series of events over the last few months, including exploits, socially engineered attacks and fallouts within the ecosystem. This is in no way shifting blame, but important to note as it at least gives a fuller picture.

We worked hard to keep these positions safe, but the rate of selling made it impossible. Although this was by design by a select few, we of course take full responsibility for the position getting to this point, and we are truly sorry that it’s affected price.

In terms of what is happening now. The team positions are at risk and this is causing 👇

A: Panic & further selling. Some have also mentioned certain ‘influencers’ saying it’s a “rug” on Twitter, which is not at all true, but again just adds fuel to the fire.

B: The team positions are requiring more bids in order to fire off even partial liquidations at the moment. So although the potential for some bad debt is there, this hasn’t actually happened yet. Please keep reading for proposed solutions.

An important note at this stage is to mention that there are still 14 million KUJI safe and sound in the treasury. Some people are trying to cause panic by saying the entire treasury is at risk, but that’s not the case at all.

We are committed to building a fair, transparent and sustainable DeFi ecosystem.

The events of today have demonstrated that we must be more transparent and more accountable in the way that the Kujira Treasury is managed, and how the core Kujira Protocols are operated.

We will shortly be posting a proposal to create the Kujira Operational DAO. This DAO will take ownership of the Kujira Treasury and core protocols, with an initial mandate to safely reduce debt. We will do this with Fuzion’s Bonds product, allowing us to offer the community discounted $KUJI, with a range of maturities and vesting schedules to minimise long-term price impact.

This DAO will also assume control of the configuration of the core Kujira Protocols. Combined with upcoming admin dashboards, this will create transparency over how these protocols run, and allow the community to propose changes that will be voted on by members of the DAO.

Lastly, we propose that the Community Pool is migrated to the Operational DAO. This will allow a longer and more considered voting period for grant requests, as opposed to the regular 48 hours. Over time, the Foundation staking positions will also be transferred to the DAO, providing a sustainable source of revenue into the future.

We’re actively looking for motivated and talented individuals to join the DAO. If you think you know one, please recommend them.

As a team we remain committed to the future of Kujira, and over the next months will deliver the roadmap for BOW v2, USK v2, GHOST v2 and Perps. With the new Operational DAO at the helm of managing and operating these protocol upgrades, we’re more optimistic than ever about the future of Kujira.

[Sumo 🉐 @SumoKuji]

Rough situation unfolding on @TeamKujira.

The team took on leverage with the best of intentions (adding liquidity to FIN). I talked to many people about the risks of it and was told it was being monitored closely.

It obviously should have been delevered in a big way using some of the team’s 15+ million of unlevered $KUJI months ago. But it wasn’t and here we are.

There’s still a lot of pain to come and I have plenty of regrets, I will still be supportive of those that continue to move forward and build after this shit show is over.

[donovan ✦ @donovansolms]

Today was the toughest day @astroport_fi has had since the collapse of Terra in '22. And for a second time, it was due to circumstances outside of our control and our contracts remain unaffected.

The thing that struck me the most today was that my fellow contributors, once again, stood like a wall, screaming, "You shall not pass!" and doing everything to fight for Astroport. We wholeheartedly believe in what we're building and we'll continue to do so. Nothing will stop us - and we have the receipts to prove it.

Actually, that goes out to everyone that reached out in support, everyone that passed on their experience and every person that started buying the ASTRO "dip". To me it shows that you too believe in what we are building and want to see us succeed.

When I got in the first call this morning, somewhere between 5AM and 6AM, feeding our little one with one hand and talking to 8+ people with the other, I was just reminded that there are many builders here in Cosmos who will drop everything to help out when shit hits the fan. People that really want to see our small corner of the crypto world succeed. A special thanks to Sage, Luke, Jose, Kevin, Andres, Sunny and the Osmosis team, Spaydh and the Neutron team, Rarma, Ray Raspberry, Philipp from ERIS, Jacob, LitBit, everyone at TFL, the Terra validators, Timofey, Andre, Gustavo, our friends over at Mars and anyone that I might have missed.

They say hard times build character... I think we've built enough character for now, wouldn't you say?

[Timofey @epanchee]

Doxxing @terra_money attacker username retrieved from his compiled wasm exploiter

[John Galt @lurkaroundfind]

⚠️ Update on Terra hack last night; what you should / shouldn't do ⚠️

• Assume all Axelar wrapped assets on Terra are now unbacked and worthless. The LUNA is still real; do not sell LUNA for unbacked stablecoins!

• Stolen ASTRO in the attacker's address on Neutron has been recovered! 😀 Devs apparently used a multisig override to forcibly take it back.

• Issue on Terra has been fixed, so attacker can't steal any more new funds.

• However, the attacker still has 20M ASTRO in this Terra address! Now that Terra is producing blocks again, it is possible he could bridge to Neutron or Sei to dump the ASTRO at any minute. If you're buying ASTRO, be cautious.

• Unclear if Astroport devs have the power to seize these stolen ASTRO funds on Terra, or if Terra validators somehow froze the address when the chain was halted, or if bridging ASTRO has been disabled. Hopefully one of these, but I don't know.

• To be clear, @Astroport_fi itself was not hacked! The issue was with the Terra blockchain. Astroport devs are not to blame.

Attacker's Neutron address, from which all remining ASTRO was forcibly reclaimed by devs:
https://t.co/6jpaDuj3b4

Attacker's Terra address, which still has 20M ASTRO:
https://t.co/AIx5xU3IyC

@Rarma_ and @RayRaspberry1 are two sleuths currently posting about the Terra exploit. Follow them for more insights, if you want.

[Terra 🌍 Powered by LUNA 🌕 @terra_money]

📣Attention Terra users: Please be advised that the chain will be halted shortly at block height 11430400 and transactions will not be processed during this time.

We will be working with the validators on Terra (phoenix-1) to apply an emergency patch thereafter to remediate a suspected exploit.

https://t.co/xSIYtWWm7i

[RyanLion 🌒 @TheRyanLion]

Exciting news that @TheLionDAO is FINALLY launching our first dApp on 1st August on @terra_money & @osmosiszone 🦁🖥️

A lockdrop launchpad inspired by the launches of @Neutron_org, @mars_protocol & @astroport_fi 🔐💧

We also have our first BIG launch lined up launching the $COOK token from the @startcookingapp team on @osmosiszone 👨🏻‍🍳🧪

You’ll be able to deposit $USDC into the lockdrop in exchange for $COOK / $USDC LP tokens that you’ll be able to time lock for additional rewards 💸

Big shout out to our partners @biglabseu & to the Lion DAO members @LlewynBonisagus & @SPEERBOT who’ve been instrumental in bringing this together over several months and have been taking care of the Lion DAO reins whilst I’ve been on the sidelines dealing with IRL stuff.

Keep posted for more info.

$ROAR

[John Galt @lurkaroundfind]

Terra validators have taken the extreme step of halting the chain. It was warranted.

Now @Neutron_org needs to halt, too. The attacker still controls 19M ASTRO on Neutron. He can't mint any more, but he can dump and / or interfere in Astroport governance.

In my view, Neutron should halt immediately and forcibly remove the stolen ASTRO tokens from this address:
https://t.co/6jpaDuj3b4

Unless Neutron halts and the tokens are manually removed from the address, then it's unclear to me how the situation can be resolved.

The attacker will be free to dump them whenever or use them in Astroport governance, and so there will be lingering uncertainty around ASTRO / Astroport. And as the chain's main DEX, Astroport is a core pillar of Neutron.

Fortunately, Neutron isn't super decentralized, so it should be easy to coordinate this. Astroport is a systemic part of the Neutron ecosystem, so it's worth halting to prevent more damage to Astroport.

Neutron team, please halt the chain and take custody of the stolen ASTRO in the attacker's address.

[Astroport ✦ @astroport_fi]

🚨 ATTENTION 🚨

Terra chain has halted for emergency upgrades.
https://t.co/UGqlGxhHWA

It appears an IBC vulnerability was exploited in order to mint several tokens on Terra chain, including $ASTRO. As the chain has now halted, no further tokens are able to be minted at this time.
https://t.co/q7ujybLSaK

The Astroport contributors are working with the other chains and Cosmos builders to determine what measures can be taken. We will keep you updated as we learn more.

As a reminder, please always be cautious of any scam messages and phishing links.

[John Galt @lurkaroundfind]

🚨 Critical news about @Astroport_fi 🚨

It appears a hacker has exploited the recent Astroport code to reissue ASTRO on Neutron.

He has dumped 15M ASTRO already, and his addresses have 39M more ASTRO available to dump.

Not a good idea to buy ASTRO now.

Here's his address on Terra:
https://t.co/Lvy2R3lkXZ

Here's his address on Neutron:
https://t.co/DQSuB2OJJx

Look at how he got his ASTRO tokens on Terra. To get his ASTRO, he somehow interacted with a contract that he deployed earlier today. Does not look good!

Note, I am not a dev. And Astroport devs have not yet commented. But out of caution, I am writing his post. I can't say for sure that he hacked Astroport to get free tokens, but it certainly looks that way to me.

As far as I can tell, the rest of Astroport is safe. It's just that he minted tens of millions of ASTRO out of thin air. I think.

[RyanLion 🌒 @TheRyanLion]

Possible $ASTRO exploit - tread carefully

@astroport_fi

[Zeus Staking 🌖 @ZeusStaking]

@Flowslikeosmo But $SEI shitcoin pumping ser 💀

[Emperor Osmo 🐂 🎯 @Flowslikeosmo]

One last shake out then up only.