This is really fcked up.
Every day or two, a coin randomly crashes 90%, and there's no accountability from exchanges or the project.
And then we wonder why retail isn't coming to crypto.
Over $800 billion has been wiped from stocks since the U.S. market opened.
Meanwhile, Bitcoin is holding up well.
Bitcoin: +0.80%
Russell 2000: -0.37%
S&P 500: -0.29%
Nasdaq: -1.31%
When I was in college, $LTC was trading at $44.
When I got a job, LTC was trading at $44.
When I got married, LTC was trading at $44.
Now I have kids, and LTC is still at $44.
Absolute shitshow.
BONK DAO lost $20 MILLION without being hacked.
Here's what happened:
- An attacker bought ~$4M of BONK tokens.
- They created a fake governance proposal to send 4.4 trillion BONK ($20M) to their own wallet.
- The proposal went unnoticed for 7 days.
- At the last minute, they used their voting power to approve it.
The DAO automatically sent the tokens.
- The attacker sold them, turning $4M into $20M.
This wasn't a smart contract hack, the attacker simply bought enough voting power to approve a malicious proposal.
BONK DAO says it has notified law enforcement and is working to recover the funds.
From the Boy to the Man, congratulations @Drake on the $30M Max Win on Stake.
To celebrate, we’re giving away $30,000!
Admin is thinking of a number between 1 and 30,000,000.
Drop your guess below 👇