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@jeffyanta@ted_livingston The bonding curve math is correct. The issue is that circulating supply can be manipulated via direct SPL transfers to vault_a, bypassing the Reserve program entirely.
Can we move this to a private channel? I don't want to share the mechanism publicly.
@ted_livingston The result is that remaining BBB holders can no longer sell their coins for the expected amount of USDF — which is the exact condition specified in your bounty criteria. The on-chain transactions confirm this. Can we move this to a private channel?
@ted_livingston No — this is not a donation to the Reserve. No USDF was sent to the vault. The mechanism is different from what you described. I'd prefer to share the technical details privately rather than in a public comment thread.
@ted_livingston Token balance changes:
My wallet sold 1 BBB (sent to vault_a)
My wallet received +44.56 USDF (from vault_b)
Vault B lost -44.56 USDF
Normal price for 1 BBB is approximately 0.01 USDF. I received 44.56 USDF — that's 4,456x the expected price.
Verifiable on Solscan:
#PeckShieldAlert 2025 has witnessed a record-breaking year for crypto-related theft, driven primarily by systemic vulnerabilities in centralized infrastructure and a strategic shift toward targeted social engineering.
The total loss in 2025 exceeded $4.04B, reflecting a ~34.2% increase 📈 from the $3.01B stolen in 2024.
The breakdown includes:
📍$2.67B from crypto hacks (~24.2% YoY increase)
📍$1.37B from scams (~64.2% YoY increase)
Notably, ~$334.9M worth of stolen crypto was recovered or frozen, compared to $488.5M in 2024.
✅ [New bug bounty challenge] Earn up to $250,000 with @flipcash
Flipcash is offering up to $250,000 to the first researcher who successfully exploits Reserve — its autonomous on-chain smart contract on Solana.
A $50,000 referral bonus is also available. Read the full details and join here:
https://t.co/8wXmHO7mdL
@jeffyanta@flipcash Hi, I'm researcher who submitted a valid finding for the BigBeautifulBounty challenge with on-chain proof. My HackenProof submission was incorrectly marked invalid. The bounty states final validation is determined by Flipcash. Could someone from the team reach out to me?