I’m sure you’ve already read in the news about the recent Terra collapse, but I wanted to shed some light on the finer details of the situation. In short, macroeconomics led to a weakness in Terra (UST/LUNA), creating an opportunity for exploitation that an attacker (or attackers) took advantage of. To dive into the details, …
The Terra Collapse: What is it and What Happened? Read More »
Not sure if anyone follows Twitter activity of some of the large personalities in the space, but Do Kwon (founder of LUNA) is on a mission to build up a Bitcoin treasury for LUNA. Long story short, it helps capitalize the LUNA/UST value by diversifying into another currency. Over the past few weeks, they have been buying Bitcoin like …
Luna Foundation Guard (LFG) has single handedly saved BTC Read More »
The past week was eventful for the Axie team and users on the Ronin blockchain (an EVM compatible side chain that supports the Axie ecosystem). It seems a hacker was able to exploit the bridge and drain its ETH/USDC reserves valued at $625M. The exploit was not caught until 6 days later when someone tried to bridge ETH from …
The markets have had a volatile start to 2022 and a lot of volatility is now coming from the drama on crypto twitter. Earlier this week, an anon account run by Zach (zachxbt.eth) doxxed one of the co-founders of Wonderland (Time), an OHM fork on Avalanche. Zach, the anon account, discovered the co-founder of Wonderland, …
DeFi Rattled with Doxxed Co-founders with Checkered Past Read More »
DeFi in 2020 lit the match for 2021 Maker, AAVE, Compound, Curve, Uniswap, Yearn, and Sushiswap to name a few…all household blue-chip names today, but they were either very new or unproven in 2020. In May 2020, Compound’s token launch kicked off DeFi summer, followed by the launch of Yearn Protocol. Near the tail-end was …