No one is genuinely trading on Lighter
The only way for them to stay relevant is through inflation (season 3)
What Hyperliquid achieved after the end of point season is almost impossible to reproduce
It's disturbing to see how @StablesLabs depegged 94% and has had zero communication with their users so far after posting a useless form.
The account has not tweeted since and hasn't even renewed their bluecheck, I had their lead BDs telegram handle which is now unavailable and their CEO @goXmoonman has also not tweeted ever since after their users lost millions of dollars.
I'm sure their investors have also lost a lot of money but it would be great if they stepped in since these lot raised 45M dollars in their pre-seed round.
以下是Re7管理的Euler金库的链上合约分析
The following is an on-chain contract analysis of the Euler vaults managed by Re7
分析表明USDX的预言机价格存在故意操纵
The analysis shows that the USDX oracle price is subject to deliberate manipulation
问题复现 / Reproducing the Issue:
在Euler上复制USDX的预言机地址
On Euler, copy the USDX oracle address:
0x119a51c9d585e9613a48932772E3Dbbc0113Cf65
打开bscscan,输入上述地址查看合约
你会马上发现:
Open BscScan, paste the address, and inspect the contract.
You will immediately observe that:
它不读取任何市场真实价格,只做无意义的数据混淆,再把混淆后的值作为Euler 的 USDX 价格
The contract does not read any real market price.
It only performs meaningless data obfuscation and then uses the obfuscated output as the USDX price on Euler
具体步骤 / Step-by-step Breakdown:
1. aggregator →
入口函数,调用多个 fundamental feed
理应该提供“真实价格”,实际不提供任何价格
The entry function calls multiple fundamental feeds.
In theory, this layer should provide a real market price.
In practice, it provides no market price at all
2. fundamental feed →
写入者随便写的uint256 值
The value is an arbitrary uint256 written by the feed operator
3. uint256 哈希 →
输入的是随机数 输出的自然还是随机数
The output remains a deterministic but economically meaningless number
4. 20 个与 USDX 市场价格无直接映射关系的固定输入数组→
Fixed input arrays with no USDX price mapping→
先给20个数组起个名字,就叫:
Twenty fixed input arrays are introduced, given names such as:
wstETH, SolVBTC,USD1,WLFI
名字是随便起的,看上去在调用币价,实则改名为FlexYangDLLM也不会有任何变化,都是固定数组,每次输出都一样
These names are cosmetic only.
Renaming them to FlexYangDLLM would not change the result in any way
结果是奇数?取总和中间值
If the count is odd → take the median
结果是偶数?取中间两个值,加起来除以2
If the count is even → average the two middle values
5. 数组输出再哈希 →
Re-hashing the array output →
上一步的返回值uint256哈希一下
和第3步一模一样 无任何可验证市场锚点的数值输出
The output from the previous step is hashed again,
producing a deterministic value with no verifiable market anchor
6. pickMedian() →
把所有数字排序之后:
All values are sorted:
是偶数?取中位两值平均
If the count is even → average the two middle values
是奇数?取中位数
If the count is odd → take the median
7. 送入 USDX oracle (Re7 vault)→
Fed into the USDX oracle (Re7 vault)→
Re7 在未验证其价格是否具备市场代表性的情况下直接采用该预言机,当做Euler上的USDX价格
Re7 adopted this oracle directly as the USDX price on Euler
without verifying whether the price has any market representativeness
混淆亮点:拖无关的币安下水:
币安hotwallet16有USDX充值提款=此合约被执行=更新Euler 预言机价格
Key Obfuscation Mechanism: Dragging Binance into the Narrative
Whenever Binance Hot Wallet 16 performs USDX deposits or withdrawals,
this contract is triggered, updating the Euler oracle price
散户一看有binance hotwallet?口号先喊:抄斩币安,刀砍CZ
As a result: Slogans shift to “go after Binance” or “attack CZ”
维权群被绕成团,无法聚焦真正的攻击者
攻击者(Stables Labs)获得逃离窗口
Victim groups become disorganized
Attention drifts away from the actual attacker
This confusion creates an escape window for the real actor: Stable Labs
即使小冷和James是天才能在数天内做好逆向工程
Even if analysts like James and I can reverse-engineer the system in a few days,
但凡再多喊几句 绝对得先花半个月处理混乱
any additional noise would easily consume weeks of collective effort dealing with confusion
散户越乱喊,越掩护攻击者
The more retail users argue among themselves, the better the real attacker is shielded
Stable Labs利用这套设计,利用散户在维权群里互相乱骂,互相误导,藏身自己于混乱背后
Stable Labs exploits this design to hide behind chaos,
allowing victims to mislead and attack each other while the real responsibility remains obscured
参考:链上论证(PDF)
Reference: On-chain Evidence PDF
🔗 https://t.co/5eu11pboQd
@euler_mab True, Euler is heavily audited.
But none of those audits change the reality today: millions of dollars are frozen in Re7-curated vaults, users still can’t withdraw, and there has been zero meaningful communication or recovery plan.
Good Evening, "DAT szn" was a three month sociological study conducted by Harvard University. We are now complete with with our study. Thank you for your time.
@eulerfinance@monad@TheTieIO The app should primarily focus on a strategy to return funds to the people who lost tens of millions on their platform, rather than promoting new markets.
We is gaining momentum, thank you all 🙏
If you are affected, don't stay alone, the community is strong :
https://t.co/iF0EX1OtWY
#re7#eulerfinance re7labs streamfinance usdx re7 capital
@degenJambo @hyperithm Dont blame too much the Hyperithm. Its a question of there own repution. Meanwhile the Re7 labs are the creator of initial vault must act responsibly. Anyway glad for those people who able to withdraw 70% of deposits.
And still they are capable of doing so thx to Elixir.
After two years of hard work, we’re excited to announce that Aave Labs has received MiCAR authorization from the Central Bank of Ireland to operate a zero-fee on- and off-ramp for GHO and other stablecoins.
Accessing Aave will soon be seamless for everyday users, bringing DeFi to millions across 30 EEA member states.
UPDATE: We know the past few days have raised a lot of questions, and this has been a difficult time for many in our community. Our entire team has been working around the clock with partners and legal advisors to assess exposure, reduce risk, and implement measures to address the situation.
We’re dedicated to keeping everyone informed. Please bear with us - a more extensive update will be shared in the first half of next week.
Thank you for your patience, we’re committed to navigating this together to achieve the best outcome for all of our stakeholders.
Internal chaos at @Re7Labs & @eulerfinance after they lost all client funds by ignoring collateral liquidation.
Now they’re quietly marking vaults as deprecated to hide the damage.
This could be the biggest DeFi cover-up of 2025. 😬
@CoinDesk#DeFi#EulerFinance#Re7Labs#Scam