d3vi0us
2.2K posts
@d3vi0us
@AkitaInuASA Ambassador @OmniGems account manager @MoonJuiceAlgo team member @SuprSaiyanSonic founder #Algorand enthusiast
Someone borrowed $1 billion, used it to vote themselves the right to rob a protocol, took $182 million and then even returned the billion In April 2022 an attacker took a $1 billion flash loan from Aave and used the borrowed money to buy enough governance tokens to control Beanstalk's voting system With 70% of the votes in hand they passed an emergency proposal that contained hidden code to drain every dollar from the protocol into their own wallet $182 million transferred in a single transaction Then he repaid the $1 billion loan in the same block because flash loans have to be returned instantly Profit: $76 million The protocol's lead dev went on Discord and wrote "We are fucked" The attacker also sent $250K to a Ukraine donation wallet during the robbery and then laundered everything else through Tornado Cash in 270 transactions The governance function that made this possible was never audited before it went live
@VitalikButerin understands what we've been working towards for 4 years. Equal in importance to sound, self-sovereign money are the rails in which our cypherpunk ideals are communicated.
@marcvl Marc I absolutely can’t watch you wearing this rug projects pfp and I’d be happy to gift you a blop, if you want to update it🫡 - pls send wallet id if interested. 🫶🏼🐙
Announcing the Akita Subscriptions Platform Beta 🎉 On-chain recurring payments are now seamless! With a few clicks you can subscribe to any address or even create your very own service offerings! Try it now! 👇
Today we’re open sourcing the Akita Universe. The Infinity DAO, ARC58 Abstracted Account system, Composable Gates, & much much more are in beta on mainnet right this moment. I believe in transparency & I believe that sharing knowledge & expertise raises all ships.
