BowTiedPickle 
What is the Tweet DAO? The novel social media NFT project is a collection of 1000 NFTs, each of which gives the holder the right to post a single tweet from the DAO’s handle every 24 hrs. The phenomenon has taken crypto twitter by storm, with the handle amassing over 5,000 followers over a few … Read more
Making secure cross-chain bridges is not easy work, as Axie Infinity’s developers Sky Mavis found out. The leading GameFi protocol runs on the Ronin blockchain, which is optimized for gaming. On March 23rd, the Ethereum side of the Ronin bridge was hacked, for the loss of 173,600 ETH and 25.2 million USDC (~$545 million total … Read more
Traditional financial markets are only open during business hours, closed on the weekends, and take off for holidays. In contrast, crypto never sleeps. The blockchain never takes a day off (unless it’s Cardano). Handling this deluge of information is impossible for a single person to handle, and trying to ingest it all manually is inefficient. … Read more
Cross-chain swap and DEX aggregator platform LI.FI protocol was hacked yesterday, March 20th, for over 200 Ether. The attacker used a weakness in the protocol’s core offering, the swap function, to launch an attack that stole from a contract which doesn’t hold any funds. How is that even possible? The answer lies in token approvals. … Read more
In Decentralized Finance, code is law. Instead of legal documents, we have self-enforcing smart contracts. While contracts written in code enable the vast universe of DeFi, they also present a literacy issue. Legalese may be boring, but the average user can still puzzle through it with enough re-reading. In contrast, code is incomprehensible to the … Read more
BREAKING – The Treasure Marketplace has been hacked! A bug in the contract allowed attackers to purchase a variety of NFTs, including high value Genesis Legions and Smol Brains, for 0 cost. This is a bug in the exchange itself and is currently affecting ALL listed NFTs. Users should delist or revoke approval for ANY … Read more
At this point, most DeFi protocols at least brand themselves as a Decentralized Autonomous Organization, or DAO. This form of on-chain governance places operational control of the protocol in the hands of token holders, rather than a centralized body. If incorrectly implemented, DAOs can be vulnerable to hostile takeover by malicious actors, aka a governance … Read more
The infamous 2016 exploit of The DAO looted 3.6 million Ether, almost 5% of the Ether in existence at the time, and led to the controversial hard fork between the Ethereum and Ethereum Classic blockchains. Today, journalist Laura Shin claims to have uncovered the DAO hacker’s identity. She alleges that one Toby Hoenisch, an Austrian … Read more
Updated Feb. 20th – On February 19th, several owners of high-value NFTs had their entire collection of Opensea-listed assets pulled out from under them by an unknown attacker. Either the new Opensea contract was hacked, or users were hit by a phishing attack. Any users who interacted with Opensea’s new contracts should consider revoking the … Read more
Ask anyone about a DeFi token or NFT project, and their answer will probably include “DYOR” somewhere. Telling someone to Do Your Own Research is useful for absolving yourself of blame for their aping, but little else. Smart contracts are complex beasts. Fully auditing a protocol yourself before interacting with it is simply not practical … Read more