alex

[samczsun @samczsun]

1/ Nomad just got drained for over $150M in one of the most chaotic hacks that Web3 has ever seen. How exactly did this happen, and what was the root cause? Allow me to take you behind the scenes 👇

[alex @shwedy_]

@LUNCDAO its not a puzzle, its a sigil...🤷‍♂️

[alex @shwedy_]

@HappyCatKripto can you link so we can monitor it too?

[cj @chris2224fx]

@HappyCatKripto

[alex @shwedy_]

@Sglansberg94 @Blazphem0us @LUNCDAO People stake(delegate) their luna to a validator(node). These validators participate in running the terra network. It receives luna in return that is then split amongst their delegators. This luncdao wants to take that rewarded luna and instead of giving it out; it will burn it.

[alex @shwedy_]

https://t.co/9cepbWgJEN

[alex @shwedy_]

@pokelawls F https://t.co/GXSRSQLOY4