The founder of @EurekaCrypto fell for a malicious Zoom link, losing $13 million in a phishing attack on @VenusProtocol
Venus froze the protocol, rushed a governance vote, and force-liquidated the attacker’s collateral - recovering all funds within 12 hours.
Story below...
3 weeks from launch to exploit - $5 million drained from @BetterBank_io, leaving users lighter while the protocol’s own reward logic printed the cash.
A simple incentive flaw triggered catastrophic losses, exposing how quickly DeFi math can turn on you.
Story below.
The @USTreasury wants DeFi identity checks. Some protocols may already have the infrastructure - admin keys, blacklist functions, compliance switches that could be repurposed. Who’s ready for KYC DeFi? Oct. 17th comment deadline could decide the future of US Defi.
Story below.
We hardened smart contracts against exploits, then got rekt by a fake Solidity extension. AI bots got gaslit into moving ETH, devs trusted poisoned IDEs.
The blockchain is immutable, but some of the brains building on it are running on compromised autopilot.
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1/ EVM PROXY HACKERS ARE BACK ON MORE CHAINS
If you are a smart contract developer and deploying upgrade proxy contracts, you are at risk.
This is even if you're deploying on chains without MEV, like @base
A thread
👇👇👇
A $550K lesson: @coinbase granted ERC-20 approvals to @0xProject permissionless Settler contract - exactly what docs warn against.
An MEV bot exploited the permissions to drain hundreds of tokens, adding to ongoing security failures.
Story below.
Teaching might be the most noble activity ever.
I'm a big student. Here are some of my teachers when I was starting out in web3 a few years ago
- @cmichelio writing the blogpost about making lots of $$$ from security contests, reading his findings
- @andyfeili posting YouTube…
Crypto deposits and withdrawals frozen as @btcturk faces Groundhog Day: $55 million lost in June 2024’s private key breach, now $51.7 million gone on August 14th, funds funneled into ETH, founder silent, and users are left watching the rerun.
Story below.
@coinbase Approval Exploit: Mis-scoped Allowances Open the Door to MEV Drain
On August 13, 2025, a configuration error—approving ERC-20 allowances to the @0xProject Mainnet Settler—led to a ~$550K drain from Coinbase’s fee-receiver wallet via an MEV bot exploiting permissionless…
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