.@Vtopiaio team is absolutely killing it with their marketplace!
We are happy to list VTOPIANS on Robox and allow our users to buy them NOW at 50% of the price 🤑
Don't forget to pay later before we call collectors 😁
🚨 ROBOX V1 PUBLIC IS LIVE 🚨
Open new positions and provide liquidity - now available to all!
Plus, we've cut our interest rates! Daily rates are now starting as low as 0.125% 🤑
ALPHA LEAK! We've been reviewing our OPOS Hackathon submissions and are super impressed.
@Robox_Fi lets you buy NFTs with leverage. And their Dynamic Vaults CPI integration is now live on mainnet!
When users buy an NFT with leverage, Robox will withdraw SOL from our vaults to pay for the NFT all in the same transaction!
They're still in private alpha, so think we just leaked this, but, their UI is slick!
We're thrilled to announce that we've teamed up with @AnybodiesNFT and @bonk_inu 🙌
Each GR 2.0 holder will now receive 15,000 $BONK daily per NFT staked 🐶
Get all the details below! 👇
📣 OFFICIAL ANNOUNCEMENT - LIQUIDITY POOL 🚀
Today, we're introducing the option for all depositors to withdraw up to 100 % of their funds and are resuming normal operations for our pool.
This has been made possible by our team and contributors, who sacrificed personal assets to maintain the platform's dignity and credibility, especially amidst the unprecedented challenges in the crypto and NFT market. Our dedication to Robox remains unwavering.
Thank you for your trust.
Regards,
Robox Team
We're happy to announce that Robox has joined @brincvc Web3 Accelerator Program as part of the Summer 2023 Cohort.
Brinc is an accelerator firm that empowers game changers to help solve some of the world's biggest challenges.
1/2
.@Robox_Fi has gained my utmost respect.
Mishaps happen to the best of us, but throughout the process they updated rapidly and frequently, were honest about their shortcomings, and provided viable solutions.
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🚨 DONATIONS POOL REWARDS 🚨
1. Ooze NFT for every 0.3 SOL donated
2. 10 loyalty points and $RBX allocation for every 0.1 SOL donated
HMH7hz7ECQuo7koRCVKcRjEyqW1gorrYXEd7cTCzddL3
Dear Depositors,
First, we deeply value your patience during this difficult period. We've formulated a multi-step recovery strategy to offset your losses. (1/7)
https://t.co/GCio5PMvTB has been reopened in a limited capacity.
Existing users can manage their open positions.
Liquidity Pool, Borrowing, and Opening new positions are presently suspended until further notice.
U.S. Attorney Damian Williams announces the first-ever criminal case involving an attack on a smart contract operated by a decentralized cryptocurrency exchange
🚨 Updates 🚨
1. We've discovered additional CEXs associated with the individual's wallet.
2. We're set to file a criminal complaint tomorrow, enabling exchanges to share the individual's KYC details, supporting our case against market manipulation.
🚨 Addressing the Recent Security Breach 🚨
What happened?
Earlier today, Robox was targeted in a significant security breach. This incident was intricately linked to the exploitation of our peer-to-pool model, lending pools, and illiquid NFT collections. Here's an outline of the exploiter's actions:
1. The exploiter initially purchased a large amount of 'ooze' NFTs from Robox and external marketplaces.
Tx with one of the purchases: https://t.co/bQj0XlnlPW
2. They then used these NFTs as collateral to borrow money on Robox.
Borrowing tx: https://t.co/F71s7Hu9lC
3. The exploiter inflated the market value of the 'ooze' NFTs by buying more of them on various marketplaces, which enabled them to borrow larger amounts of money.
4. The exploiter combined two transactions: paying off old loan and opening new, larger ones with the same NFTs as collateral.
Tx of combined operations: https://t.co/S1OnLwpQe2
5. Repeating this cycle escalated the price of 'ooze' NFTs from 0.4 SOL to 9 SOL each and eventually drained all the unused funds in our aggregated liquidity pool. Since we automatically match liquidity for the borrowers and don't have individual lenders, the platform always found the loans for the exploiter.
Robox determines loan amounts based on the floor price of the collateral. Because the 'ooze' NFTs had low market liquidity, the exploiter was able to manipulate their floor price easily.
Before the exploiter's operation, there were about 5.1k SOL ready for new loans in our aggregated liquidity pool.
What are we doing next?
We've traced several wallets associated with the exploiter, including the original deposit transaction from Binance.
Wallets associated with the exploiter:
5B62qV4fmUqynvxJVQYuZHr6nTP8c3umFmzLjiJg5aa1
Ew12E9WjFTv7HPoJnzJzFQJJzAEtQkStYsQrbXkPRkgu
AsoF1HxqgBpq1Br1Z5Bbjp1yqpesu77ww6pM6UeMv9s4
ouqJP3czC7HGUsCqEh7zQLXdwEBbSfeZyYfmPu5uews
Binance funding tx:
https://t.co/yg6CDh4SLk
To the person responsible for this breach, we offer a chance to resolve this peacefully: return 90% of the stolen funds to the LP account within 24 hours and keep 10% as your share. If you choose not to comply, we will proceed with legal action.
If you have any information about the above-mentioned wallets that could assist us in identifying the exploiter, we will reward you generously with a specific percentage of the recovered funds.
What's next?
We are moving Robox into maintenance mode and postponing our public launch. To avoid a repetition of the recent incident, we will take the following measures:
- Only include the most heavily traded collections on Robox
- Restrict the available loan amount per NFT for a specific collection to a growth rate of 10% within a 24-hour period
- Evaluate the loan amount for a particular collection in relation to the liquidity present in the AMMs bids within a 10% floor price range
- Establish automated controls to limit and halt trading of collections with an unusually high number of positions
We will communicate with our depositors promptly regarding the procedures fowr fund retrieval as soon as we have more information.
Want to buy @FamousFoxFed, @MadLadsNFT, @Claynosaurz for 30% and pay rest later? So don't wait. Come and buy your dream NFT
Another piece of puzzle for convenient and easy to use @Robox_Fi platform is released.
Now you will be alerted when floor of NFT is near liquidation price.
Also everyone which ask for #waitlist will get it. No need to buy @GenerousRobots 2.0 for alpha version. But i advice it as after public release planned for this month price will surely go up.
📣 Big News: @saydialect is now powering the notifications for leveraged trading at Robox! 💼
🔔 Receive notifications on margin calls, liquidation, and sold listings — via email 📧, SMS 📲 and telegram 📬
🚀 Head over to Robox and tap the notification bell 🔔 to get started!
🚨Max duration has been increased to 60 days! 🚨
You can open the position for 60 days and repay early - the interest will be pro-rated, day by day! 🤑
We'll keep adjusting the duration based on user feedback 🫂