đź“… Just another day in DeFi
Researchers saved $10M from North Korean hackers, @texture_fi got hacked for $2.2M but recovered 90%, @GMX_IO lost $42M, and @KintoXYZ's "rug pull" was actually a state actor attack.
In DeFi, chaos isn't the exception - it's the business model.. 🧵
🇰🇵 The $10M save was wild
North Korean hackers had been laying traps in thousands of smart contracts for months, waiting for bigger fish.
They front-ran proxy contracts with malicious versions while spoofing logs to hide their tracks.
Patient predators playing the long game
📽️ Meanwhile, @texture_fi hack had a Hollywood ending.
Team went full bad cop: "You made an opsec mistake, but it's not too late to avoid escalating."
Hacker got spooked and returned 90% of the $2.2M.
Sometimes intimidation works better than bounties.
📉 @KintoXYZ token crash wasn't a rug pull but a state actor upgrading their token contract to mint fake tokens and dump them.
Even Arbiscan couldn't detect the bogus implementation.
When nation-states start rugging your DeFi tokens, you know we've reached peak chaos.
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