NEW: Major investigation dropping February 26 on one of crypto’s most profitable businesses where multiple employees abused internal data to insider trade over a prolonged period of time.
⚠️ Be Careful When Using @Rabby_io
2 days ago, I lost $1,000 while swapping tokens using Rabby Wallet due to a wrong route execution. i’ve been using Rabby for swaps for over a year, sometime had some problem but small.
Here’s what happened:
I swapped 0.35 ETH (~$1,400) to $baseshake on Base chain. The UI showed the best route as KyberSwap with ~5% slippage - i didn’t change anything. But after confirming, the swap executed through OpenOcean with 67% slippage, and I only received around $500 worth of tokens.
I swapped $baseshake on Rabby 2–3 times before this event with no problem. But this time, the route changed without any notice.
I contacted Rabby support, but they simply replied that nothing was wrong with their product - no accountability, no help. My follow-up message was seen but never replied to.
1k is not much but imagine if this happens to someone swapping $50k or $100k - it could ruin lives.
People trust Rabby because of its UI and convenience, but this kind of issue is serious and dangerous and the customer service is disaster.
I wasn’t planning to post this publicly if I had received a proper answer from Rabby support - but unfortunately, I didn’t. So i'm writing this to remind pp be careful when using Rabby.
I will never use it again.
Start the 10 year celebration now.
To memorialize Ethereum’s anniversary, the free, commemorative Ethereum Torch NFT is now available to mint.
Minting will end on July 31st at 4PM UTC.
Mint the commemorative NFT. https://t.co/5B0w6ZTCrh
Join the 32nd Exclusive TGE on #Binance Wallet with @delabsOfficial (DELABS) via @PancakeSwap!
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🎁 Additional 120,000,000 DELABS for upcoming campaigns — details coming soon
TGE details and the Event Portal will be released soon — stay tuned!
Very soon what you'll see is this:
ETH is primed to max pump again, price has been coiling up like a rattlesnake ready to strike.
ETH pumps and drags up BTC with it [this could be the 'highest' BTC price we see for the summer].
Selective altcoins go up BIGLY because of ETH.
SOL onchain remains dead, nerds continue to cry.
Justin Sun realizes everyone is bored of the current SOL environment.
He understands he can "relocate" these eager market participants over to TRON.
"USDT usage on Tron has reached ATHs."
Onchain activity starts to gain momentum again.
We see a massive TRON szn whilst ETH is below 4K.
ETH breaks ATH and that TRON onchain money flows into ETH onchain, similar to 2021 and NFTs turbo send.
BTC gets a final push higher.
Everyone calls for 500K BTC, celebrations start,
"Why would I sell when it's going to 1M?"
ETH blowoff top.
Everything dies.
End.
~ Dr. Axius.
Retar Dio.
Investor checking in. We don't want our money back.
I don't want to pick on Mosi in particular—he's an important voice and I'm glad he's being vocal. But I want to push back on the broader zeitgeist he's representing.
There's a wave of malaise around new crypto infra right now, and it's misplaced.
What I want to say is: blockchain tech is not done.
Hard drives didn't stop scaling after 1TB. Memory didn't stop at DDR3. GPUs didn't stop after A100s. They did not throw up their hands and say "well the infra is good enough, there's more infra than anyone could want, we should all just focus on applications now."
Ethereum was created less than 10 years ago. Do you really think that's it? We're done? No more?
If you look at where we are now, it makes sense! "Why do we need Monad to run AAVE or Pump? What we have is fine."
But this kind of complacency about progress never ages well. Blockchains will grow and evolve. More and more of the world's financial transactions will move on-chain. If you don't actually believe this, why are you here?
Paul Krugman thought the Internet would have "no greater economic impact than the fax machine."
Steve Ballmer said the iPhone would have "no chance of gaining significant market share."
Ken Olson dismissed PCs, believing there was "no reason why anyone would want [one] in their home."
Timnit Gebru pronounced that LLMs were merely "stochastic parrots."
Even Larry Fink denounced Bitcoin in 2017 as "an index of money laundering."
Each of their takes were accurate at the time that they said them. They didn't buy into the hype. But each of them was flat out wrong. Because technology only ever gets better, and the exponentials of human ingenuity are very difficult to foresee.
Yes, I know—"there are too many VC coins." Don't let market woes blind you to the bigger story. Blockchain technology isn't done. There is so much more to improve. Do you really think there aren't new ideas worth trying? That by the year 2040, all of the good ideas already existed in 2020?
I don't think so. So let them cook.
Maybe it won't be Monad. Who knows. Building new ecosystems is hard. That's what they signed up for. But if we want more than 10-20M people using public blockchains, we are going to need real breakthroughs. And ultimately, every technology lurches forward one idea at a time, one ambitious founder a time. The kind of people who won't take "it's already good enough" as the answer.
Believe in something.