@bengoertzel@Singularity_Fi context: all we know based on chain data is that project itself misconfigured the fee tier themselves https://t.co/KHhHWwT6jy
Again, are you leading that project and have anything to say about the loss of more than $400k?
๐จ @Singularity_Fi - Loss ~$413K (2026-04-26)
Type: Oracle Misconfiguration / Share Inflation
The dynBaseUSDCv3 vault on Base prices its non-USDC reserves via UniswapV3Oracle. On 2026-01-19 the protocol admin registered the six yield-token oracle routes with a Uniswap V3 fee tier of 42. Uniswap V3 only enables fee tiers 100/500/3000/10000, so factory.getPool(USDC, X, 42) returns address(0) for every token - silently killing the direct price path. The WETH-fallback pools that did exist had zero liquidity, as a result VaultTokensLib.totalAssets() only counted the ~$100 idle USDC.
The attacker flash-loaned 100k USDC from Morpho, deposited into the vault to mint ~99.99% of supply at the broken ratio, then redeemed the tokens to get a proportional cut of every actual token balance independently of the oracle, draining the underlying yield tokens.
This is a preliminary research, the official post-mortem to follow as per announcement in Telegram: https://t.co/fjs4MLqmgq
TX: https://t.co/CHofqWQp8F
Victim: https://t.co/EnBrkTRIH0
Oracle: https://t.co/ficCF2yzH2
setUniV3fee=42: https://t.co/13CMh2OKRy
@bengoertzel Anything to say to the community members who lost money by trusting a project which lists you as their CEO (@Singularity_Fi) ? So far nothing has been said and for over month we are left in the dark. Now you come out with this vague post and not even mention this?
@Fetch_ai@AcumenMedia_@CNBC@HMsheikh4 nice advertisement but maybe stop calling this paid-for propaganda piece a documentary: "This page was paid for by Acumen. The editorial staff of CNBC had no role in the creation of this page."
@VDP_94 stop spreading your constant false claims, should look into how multisig wallets work. Do you also question the Cayman entities of the other ASI alliance members? https://t.co/WtOdJDqFnJ
Morning, to be clear:
- Bruce explained the way a proposal would need to be submitted to Ocean via the attorney's for it to then be considered.
- Humayun has put GeoStaking in contact with a US legal representative who will submit the proposal to Oceans attorneys.
- A proposal will now be worked on in the coming days by the community and will then be shared to the legal representative for submission.
- This is an agreed legal approach to start the conversation around a resolution.
Am I hopeful we can land on a solution ASAP? Yes.
Are there some steps to go through in order to achieve this? Yes.
I'm laser focussed on one thing. Getting a resolution here.
Morning, to be clear:
- Bruce explained the way a proposal would need to be submitted to Ocean via the attorney's for it to then be considered.
- Humayun has put GeoStaking in contact with a US legal representative who will submit the proposal to Oceans attorneys.
- A proposal will now be worked on in the coming days by the community and will then be shared to the legal representative for submission.
- This is an agreed legal approach to start the conversation around a resolution.
Am I hopeful we can land on a solution ASAP? Yes.
Are there some steps to go through in order to achieve this? Yes.
I'm laser focussed on one thing. Getting a resolution here.
@bitnoticias_ isso estรก factualmente errado, nenhum dos lados concordou legalmente com nada, o artigo da
@Cointelegraph estรก a inventar completamente um acordo fechado.
@AltcoinsFrance cโest factuellement faux, aucune des parties nโa lรฉgalement acceptรฉ quoi que ce soit, lโarticle de @Cointelegraph invente complรจtement un accord conclu.
@tfomweb3@Fetch_ai@oceanprotocol@Cointelegraph yes, I know, does not change the fact that nothing is clear. The draft even claimed OCEAN should mint new tokens which is impossible as control over token contract has been revoked years ago
@cryptoF0XXY@HMsheikh4@BrucePon@trentmc0 playing with the kids in the social media sandbox is not worth it. Professional, well founded and articulated responses are needed, all of which so far only Ocean provided