Colombia Staking

Decentralized Staking Agency for @MultiversX; Solar @Starlink connectivity; Stake eGLD and COLS up to 50% APR on your eGLD

[Colombia Staking @ColombiaStaking]

Decentralization isn’t just a word for us at Colombia Staking — it’s how we work

☀️ 100% solar
📡 Starlink internet
🔋 Backup power for 12h

No cloud servers, no shortcuts. Just resilience.
And if you’re staking $EGLD, our $COLS system can push your APR up to 50% : see our Dapp

[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

SUPERNOVA IS LIVE

Fix is deployed. Users and funds are secured.

The network is working beautifully.

Huge respect for all the partners involved in this mission-critical recovery, especially the team working day and night to get us here.

[Colombia Staking @ColombiaStaking]

Block production for @MultiversX has resumed at full speed. Let’s go!

[Multiversᕽ @MultiversX]

MultiversX is back online.

Thank you for your patience and belief through these hard days.

To our validators and partners: thank you for the work that brought us here.

We’re proud to be here with you.

We continue to build different. Together.

[Colombia Staking @ColombiaStaking]

In one minute the vote was settled!

This is @MultiversX community

🛠️

[Colombia Staking @ColombiaStaking]

@ElrondTower @MultiversX Only made possible by @MultiversX sharding structure

[Colombia Staking @ColombiaStaking]

Get to know Supernova on @MultiversX: less than 200ms finality and 600ms blocks, all working on consumer-grade machines.

Check out the specs, CPU, RAM, and more on our home setup 👇🏻

https://t.co/7bfNFbIV99

[Colombia Staking @ColombiaStaking]

Off switch ! We have it in our garage ! Here in Colombia .

Fully decentralized and actually went to switch it off at 4am to limit the exploit.

🫡

[Justin Bons @Justin_Bons]

EGLD has been totally exposed for its lies & hidden centralization today! ⚠️

3 days of downtime is only the tip of the iceberg: 76M EGLD (2.5x supply) was minted & partially sold!

EGLD did not halt; the foundation used an off-switch!

All consequences of its reckless design! 🧵

Unlike a normal chain halt, where the chain stops due to a "consensus failure/disagreement", this was far, far worse. Instead of the chain stopping because an "inflation bug" caused consensus to fail, it kept going...

That is what allowed the hacker to actually send their EGLD into exchanges & cause considerable harm. What comes next is even more unbelievable. As I was wondering how it was even possible to shut down a chain with 3k validators in 66min...

That is what made me uncover the next bombshell: There is a literal foundation-controlled off-switch in the code!!!

The Off-Switch

Every mainnet node runs with a hard-fork trigger enabled that listens for a message signed by one specific public key. That is a remote stop switch held by the Foundation! We cannot know for sure if they pressed that switch, but it is highly unlikely they could have stopped the chain that quickly otherwise & the fact that it even exists is bad enough!

This is all a direct consequence of the shortcuts they had to make to bring a sharded chain down to 600ms...

Reckless Design

Sharding comes with certain trade-offs: EGLD claimed to overcome these trade-offs through its unique design. Turns out, in reality, those trade-offs had some extreme consequences we are feeling now:

EGLD sharding splits every transfer into a sender-shard debit & a destination-shard credit that must be reconciled by hand, & on one path the credit had no debit: a money printer. With no global supply invariant, finality before execution, & no protocol-level freeze, the only fix was manually shutting down the chain & a hard fork erasing the "final" history!

Lack of Disclosure

Given what I just explained, you can judge for yourself whether the team's disclosure is adequate. I argue it absolutely was not. The fourth screenshot shows their communication on the matter so far & exactly what they failed to mention

Including the mint, the hackers' success & the off-switch!

The fact that it took my own chain & code analysis to reach these conclusions tells us the team cared more about minimizing PR damage than properly disclosing the incident. At least with this piece out, they will not be able to get away with that anymore & will have to also include this information in their report

The community deserves to know what is really going on, how centralized EGLD really is & how the tech is not a magical panacea but instead comes with serious trade-offs

Chain Analysis

The record is clear, all on a public chain for all to see. The attacker exploited this vulnerability in the chain & managed to mint 76M EGLD! Over 2.5x the supply! Along with 430M bridged USDC, about 430M bridged USDT & 5,540 bridged WBTC...

The hacker then proceeded to split these into 16 wallet addresses & then send EGLD to multiple exchanges. If we look at the timing of when these exchanges "froze" EGLD, we see that MEXC did not act in time & it perfectly corresponds with very suspicious selling activity on that exchange, which was not even arbitraged out when the full freeze took effect. We cannot tell whether the hacker managed to exit the exchange afterward, but they certainly could have!

Which means the hacker was likely able to walk away with around $1M USD, effectively defrauding the exchange in the proccess, by leveraging this EGLD vulnerability

Please look at the visuals, as they provide all of the supporting evidence that can also be independently verified with publicly available information

Conclusion

This is BTC's 2010 inflation bug & ETH's 2016 DAO's hack rolled into one. That this all happened in 2026 is even more embarrassing

Unlike those historic failures, there was no full disclosure of the problem as it was happening. People deserve to know; we are blowing the lid off this story now!

This is also nothing like SOL's historic downtime, which involved network halts caused by bugs. Something that has happened in over two years. While EGLD managed to beat SOL in total downtime with this single incident!

SOL also never ever had an off switch! The irony & I apologize; some degree of schadenfreude cannot be helped in my situation. As the EGLD community was one of the loudest spreading that false narrative. Turns out it was unknowingly a projection!

The biggest red flag is still the team itself, after my fallout with EGLD last year. The toxicity & dishonesty became too much to bear

This will likely trigger another ad hominem campaign against me, as it did last time & as it did for other influencers/journalists/thinkers. Fortunatly, I am specialized in weathering the storm. While these facts are undeniable & mostly speak for themselves

EGLD certainly has some good technology; we can learn something from everyone. However, what we saw here over the last few days is beyond the pale

That's where the value lies: In also understanding the character of a chain's leadership, especially at an early stage, as even with decentralized governance, bad leadership can still mess it all up!

This is a truly worst-case scenario for a blockchain; there are very few examples of this level of collapse in blockchain history. After such an event, we have to question the competence & the wisdom of the underlying design choices

EGLD's design is flawed & reckless, making centralization trade-offs other chains would never even dream of. All while claiming to be holier-than-thou

It is never too late to change our minds in the face of new evidence; please study the supporting visuals for yourself. The truth cannot be credibly denied

What occurred here is undeniable, while the silence of EGLD's leadership speaks louder than words: 🎓

[Colombia Staking @ColombiaStaking]

The Multiversx chain is currently paused.

The issue has been resolved, and the network is expected to resume operations tomorrow.

We are now (validators) gathering together to synchronise at the correct block and switch on the network @MultiversX

Resilience 🛠️

[Colombia Staking @ColombiaStaking]

@mxm92 Si

[Colombia Staking @ColombiaStaking]

Already 128 COLS stakers : go and boost your $EGLD APR with COLS . Daily distribution.

Up to 50% APR : our automatic system is calculating APR based on COLS/eGLD ratio .

[Colombia Staking @ColombiaStaking]

@mxm92 Connectez vous à notre Dapp et le système reconnaît si vous avez votre nft dans le wallet 🫡

https://t.co/ZfTJcFfGif

[Colombia Staking @ColombiaStaking]

@mxm92 Oui, ils reçoivent un bonus supplémentaire chaque jour : le remboursement des frais de service sur leurs eGLD délégués.

[Colombia Staking @ColombiaStaking]

Delegation, claim, undelegate , redelegate of eGLD is back on @ColombiaStaking Dapp

Go

https://t.co/ZfTJcFfGif

[Colombia Staking @ColombiaStaking]

@ProjectX_DAO Can I put my agent to trade on it ?

[Project X 🧬 @ProjectX_DAO]

Predix is now live for public testing on devnet🟢

Create markets. Trade outcomes. Earn as a creator.
→ Launch a market with just 1 $EGLD
→ 2–4 outcome markets
→ Continuous probability pricing (CPMM)
→ Buy, sell & hold positions
→ Creators earn % of all trading volume

In this Prediction Market, every trade, position and outcome lives on @MultiversX.

Nothing depends on a private entity. The data is fully on-chain. No custody. No backend. No servers.

Have a prediction? Create a market.
Have conviction? Trade it.

[Colombia Staking @ColombiaStaking]

Done!

[CodeMultiversX @CodeMultiversX]

📣 MAINNET Upgrade v2.0.9.0

We are upgrading the MAINNET!

Version v2.0.9.0 is out.

ℹ️ This release fixes the bug that prevented rewards from being claimed.

📅 Activation flag for FixEpochChangeProposedCurrentEpochEnableEpoch is set to 2238, which should happen on Tuesday, September 15th, at 18:05 UTC.

Upgrade instructions 👇

[Colombia Staking @ColombiaStaking]

@Za1x_x @ElrondMaximus Smart contract received it from the protocol but it was not distributed : all staking providers have the same issue . Team is on it

[Colombia Staking @ColombiaStaking]

@ElrondMaximus I need your Egld address

[Colombia Staking @ColombiaStaking]

@ElrondMaximus EGLD are distributed at epoch change so 45min ago

[Colombia Staking @ColombiaStaking]

@ElrondMaximus Today it was distributed 30min ago for all cols stakers .