Jowkwo Shickon

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Jowkwo Shickon

Jowkwo Shickon

@JinkySwack

Bear and Bull Szn Survivor 🤑🤑 Afraid of heights :( Loves trade, going bar, camping, public speaking, dancing & attending networking events. #GetStarted

Katılım Ocak 2012
699 Takip Edilen520 Takipçiler
Jowkwo Shickon
Jowkwo Shickon@JinkySwack·
@yourcryptodj Diamond hands win when the fundamentals are there, and that’s why I’m holding $QANX for the long term because I believe in its focus on quantum-resistant infrastructure and long-term security use case.
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Your Crypto DJ
Your Crypto DJ@yourcryptodj·
DIAMOND HANDS WILL WIN BIG.
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Our Crypto Talk
Our Crypto Talk@ourcryptotalk·
🚨 Hacks In 2026 (Till Now) 🗓️ April • KelpDAO : $290M • Drift Protocol : $285M • Hyperbridge : $2.5M 🗓️ March • ResolvLabs : $25M • Sillytuna : $24M • Kraken Whale : $18M • Venus : $2.18M 🗓️ February • IoTeX Bridge : $4.4M 🗓️ January • Trezor Victim : $284M • Step Finance : $30M • Truebit : $26.4M • SwapNet : $13.4M • SagaEVM : $7M • MakinaFi : $4.1M Total: ~$1.01B Let that sink in.
Our Crypto Talk tweet media
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Babylon
Babylon@babylonlabs_io·
.@baby_fisherman caught up with @GenzioCo at @EthCC. In this clip, Fisher highlights how the Bitcoin staking protocol has activated over $10B in BTC, proving the value of native BTC solutions. Through TBV's, we are bringing native Bitcoin collateral to Ethereum.
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Jowkwo Shickon
Jowkwo Shickon@JinkySwack·
@babylonlabs_io If $BTC really becomes usable without custody tradeoffs, that’s a very different DeFi landscape.
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Babylon
Babylon@babylonlabs_io·
intern here to break down this thread bitcoin = elite collateral also bitcoin = 99% idle 💀 not demand. access sucks (wrap it / trust someone / pay up) $9B+ already in play on Aave etc → mostly synthetic babylon: let btc be collateral without wrapping or custody tbvs = lock btc on bitcoin, let crypto (zk + timelocks + taproot) enforce the rules no middlemen. no synthetic btc. no rent extraction. goal: free the $16B stuck in wrappers if this works… btc goes from idle rock → degen collateral layer real quick
Babylon@babylonlabs_io

A very strong deep-dive research piece from the talented @yasche_ at @sandmark_news. 'Bitcoin may well be the best collateral asset the financial system has ever produced, yet it's mostly Idle - 99.4% to be exact. Bitcoin’s problem in DeFi is not demand. It is the price of access' Today, productive BTC usually means trade-offs: wrappers, custodians, or expensive centralized credit. That sits at odds with why many people hold Bitcoin in the first place. 🧵TLDR sandmark.com/news/analysis/…

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kat
kat@katyXBT·
Bitcoin or solana?
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Sjuul | AltCryptoGems
Sjuul | AltCryptoGems@AltCryptoGems·
🚨$292 MILLION STOLEN IN A SINGLE TRANSACTION. AND THEN THE ATTACKER USED THE STOLEN TOKENS TO ROB A SECOND PROTOCOL. THIS IS THE MOST SOPHISTICATED DEFI HACK EVER EXECUTED. Here's what just happened to Kelp DAO. And why every DeFi user should be paying attention right now. On April 18, an attacker exploited Kelp DAO's LayerZero-powered cross-chain bridge. And drained 116,500 rsETH in one transaction. That's 18% of the entire circulating supply. Gone in seconds. But the hack itself wasn't even the scary part. What the attacker did next was: They took the stolen rsETH, which was now economically worthless because the bridge backing it had been drained. And deposited it as collateral on Aave V3. The largest lending protocol in DeFi. Aave's price oracle hadn't updated yet. It still thought the rsETH was worth full price. So the protocol accepted hundreds of millions in toxic collateral as if it were real. The attacker then borrowed massive amounts of real WETH against the worthless tokens. Withdrew it. And walked away. Leaving Aave holding bags of unbacked rsETH that no liquidator would ever touch. Because who's going to spend real ETH to receive tokens worth zero? That's how you turn a bridge hack into a lending protocol crisis. The bad debt was so severe that Aave's founder Marc Zeller publicly told users: "If you have WETH on Aave V3 Core, Withdraw now. Ask questions later." The AAVE token crashed 10-13% within hours. Aave lost over $3 billion in TVL as users panic-withdrew everything they could. And here's the timeline that should terrify every protocol builder: 10 hours before the hack, the attacker funded 6 wallets through Tornado Cash. Completely untraceable. 17:35 UTC: The exploit fires. $292 million drained. Within 60 minutes, the attacker swapped the stolen rsETH for raw ETH across KyberSwap, Curve, and Balancer. Consolidated 75,700 pristine ETH worth $178 million into a single wallet. 18:21 UTC: Kelp DAO's multisig finally paused the contracts. 46 minutes after the breach. 18:26 UTC: The attacker tried a second drain. 40,000 more rsETH. Another $100 million. The transaction reverted because the contracts were finally frozen. 18:28 UTC: A third attempt. Also reverted. If Kelp DAO had been 5 minutes slower, this would have been a $400 million hack. And this happened exactly 17 days after the $285 million Drift Protocol hack. That's nearly $600 million stolen from DeFi in a single month. The attacker exploited a vulnerability in the lzReceive function on LayerZero's EndpointV2. The same class of vulnerability that caused the $320 million Wormhole hack in 2022. Four years later, and the same fundamental flaw is still being exploited. Bridges remain the weakest link in all of crypto. They're designed to hold massive reserves of locked tokens. Making them the biggest honeypots in the ecosystem. And the scariest part: Aave had given rsETH a 93% loan-to-value ratio in E-Mode. Meaning users could borrow 93 cents for every dollar of rsETH deposited. Because governance assumed it was safe. It wasn't. DeFi just learned three lessons the hard way: Bridged derivatives are not safe collateral. Oracle lag kills. And composability is a weapon if you know how to use it. $292 million gone. In one transaction. On a Saturday afternoon.
Sjuul | AltCryptoGems tweet mediaSjuul | AltCryptoGems tweet media
Kelp@KelpDAO

Earlier today we identified suspicious cross-chain activity involving rsETH. We have paused rsETH contracts across mainnet and several L2s while we investigate. We are working with @LayerZero_Core, @unichain, our auditors and top security experts on RCA. We will keep you posted as we learn more about this situation. Please follow only the official @KelpDAO handle for the updates.

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Jowkwo Shickon
Jowkwo Shickon@JinkySwack·
Buy $QANX because an active TestNet usually signals builders are already stress-testing the system before the mainnet. That’s a strong early indicator.
GIF
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AJ
AJ@anjanathenuwara·
@JinkySwack I would go with ethereum:0x514910771af9ca656af840dff83e8264ecf986ca
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Jowkwo Shickon
Jowkwo Shickon@JinkySwack·
@missteencrypto It does give people a way to hold and move value outside traditional gatekeepers, which is why it resonates so strongly.
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Randi Hipper
Randi Hipper@missteencrypto·
Bitcoin empowers a generation to achieve financial freedom 🚀
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