/biz/ - Business & Finance

>>55705058
babby’s first rug?

>>55705058

damn that's crazy

>>55705058
Literally everything is rugging now. Is it finally over?

>>55705058
Slurping as we speak

>>55705084
This could cause a huge snowball effect. Keyword loans.

>>55705058
Bitcoin maxis proven right once again.
Software is a fuck, always has been. Only retardedly simple chains like Bitcoin have any level of security, anything more and you're pissing money away.

What the fuuuuuu. Can someone explain is this a serious compromise?

These coins were always blatant Ponzi schemes

>>55705110
Let us know when uniswap V2 gets hacked. jfc these maxis.

>>55705110
Fuck off bitnigger. Enjoy your 2x while I 100x.

>>55705119
Well yeah bro. You can thank Vitamin Butane for his "genius" EVM.

>>55705068
Fucking hell is someone going to do anything about this exploiting bandit?

Niggers are finally getting through their heads how important security is.

They WILL all bend the knee.

CCIP will be the only way to transact.

They will all pay (up).

:^)

>>55705058
based cryptobros funding north korea's nuclear weapon program

>most important defi protocol is getting exploited due to an update to the codebase language
cool I love everything dumping forever

Well,

>>55705129
While you 100x before immediately losing it all to an exploit.

>>55705126
Uniswap was recently exploited
https://crypto.news/hackers-use-sandwich-attack-to-steal-over-25-2m-from-uniswap/

>>55705179
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA MY LINK LONGS

ahahaha haha ha

>>55705058
CRV is so intertwined with DeFi that this is going to hurt most other protocols that don't shut down in the next hour. AAVE is already affected.

>>55705058
funny that each and every thing that should be a pump for chainlink (here the necessity for its ccip) ends up in a dump instead.

>>55705058
On a serious note, is this the actual reason why we are dumping right now? 32 mil is literally nothing

>>55705224
Market is retarded so yeah

>>55705225
I think you don't comprehend the effect Curve rugging has on the WHOLE defi ecosystem friend

These hacks are due to a compiler bug in Vyper 0.2.5. Sucks because it's not the contract devs fault.

DeFi was a mistake. Maxis are right.

Try that in a small DeFi

>>55705224
at this point its not about linkies making money, its about dragging this entire space kicking and screaming into the link world

>>55705198
>>55705211
CUT MY LONGS INTO PIECES
IM GOING BITCOIN SHORT
ABERRATION
NO SHEATHING
DON'T GIVE A FUCK IF I COVER MY SHORTS BLEEDING

CRV hasn't been what it once was for a long time. For that matter neither has defi. Don't get your panties in a bunch.

i have no ides what curve is or how this happened but i know for a fact that chainlink solves this

>>55705085
Slurping what curve?

https://twitter.com/el33th4xor/status/1685740474714497024

emin sends his regards

eth, solana, multichain (ftm), crv and few others done -> poolygon, op, arb, icp next

imagine going against el33th4xor

>>55705292
>he thinks avax wouldn't be affected by this exact same exploit if there were actually any smart contracts deployed on the chain
lol. lmao

>>55705239
>Vyper
See here:
https://twitter.com/tonyke_bot/status/1685688149090213889

They use a different parameter to check add_liquidity and remove_liquidity. Just embarrassing code quality control.

how do i short this right now w/o kyc? its just started

>>55705315
there are you retard, they will be buying cheap avax back with the eth from all the chains

>>55705225
32 millions mkcap is nothing.
32 millions in liquidity is a considerable amount.

>>55705337
Don't short. Nothing is safe.

Is this bad for price of curv or bad for all crypto market?

>>55705348
let me god damnit ill throw 1k at 5x leverage why not

i opened a 10x short and i got liquidated wtf? they got hacked why isn't it dropping 50%????

>>55705375
Bruh, you think you're gonna get a fair deal in these scam infested waters? Going short in crypto is just as dumb as going long.

>>55705194
FUD sandwich attacks on Uniswap are a feature not a bug

>32 Million
they really cannot not identify themselves all the time.

>>55705149
This has nothing to do with chain interoperability...

>>55705224
How is this demonstrating a necessity for CCIP...?

>>55705389
correct. The only answer to an industry and market full of socialists and normal faggots is withdrawing all liquidity and never look at it again

>>55705337
Kucoin, MEXC

>>55705273
I'm sorry for your retardation

>>55705539
because it just is ok

>>55705559
>Hey hey hey goy
>I have a non demand product only me and a couple of freaks know about
>please buy my bags
baggies, and yes that includes baggies holding a short position

>>55705253
Can you explain your meme? How does Bob kill Curve? Because Curve doesn't have any KYC requirements and Bob's global surveillance technocracy tool makes that possible...?

>>55705572
The CCIP shilling is the highest level of retardation I've seen.

>Let's create a convoluted system of a bunch of disparate L1s, none of which have any value, none of which have created any useful applications beyond trading shitcoins in complex ways
>Imagine if these useless, retarded chains could talk to each other! NOW THAT REALLY UNLOCKS THE AMAZING VALUE OF THESE CHAINS!

There's only so much bull shit people can swallow.

>>55705602
Missing the big picture here

>>55705582
Bob isn't responsible for the hack, I was posting it cus it's Curve related.
Curve was tweeting a year or so ago how regulations are not coming to DeFi (they are), hence dinosaurs dying.

>>55705539
Because CCIP obviates the need for liquidity pools. There is nothing to drain when you use it.

This shit happens over and over again... When you have a huge amount of crypto locked up in one smart contract there are so many hackers looking for a vulnerability that will allow them to drain it.

The same thing happened in 2016 when the DAO was hacked. The same hack was used.

When there is no pool to hack it is a lot more difficult to steal massive amounts of crypto like this. CCIP allows a system to be built that uses the security of blockchains instead of the security of code.

>>55705616
Ah, I didn't know that. thanks

>>55705609
I'm not. I understand the BS "big picture" you're being fed.

>>55705375
i bought :)

>>55705631
CCIP doesn't obviate the need for liquidity pools. It obviates the need for smart contracts holding large amounts of tokens to account for interchain token transfer. Liquidity pool platforms inherently use liquidity pools to execute trades as automated market makers.

>>55705058
>CURVE IS KILL
Pretty bullish desu. Curve refused Link and started getting fishy with their actions.
>>55705068
Based.

>>55705602
You missed the point by such a margin that I have to assume that you are not human

>>55705638
There is no blockspace outside of Ethereum. End of discussion. MEV

>>55705631
>>55705658
This is the absolute state of Chainlink "investors" in 2023. It's funny how Linkies in 2017 and 2018 actually knew what they were talking about. Truly a brilliant shilling strategy leaving all these low IQ retards holding their bags as exit liquidity.

alchemix is fucking cursed

>>55705672
Got to give them that, there are still retards falling for it

>>55705179
>aave
Wait can we borrow CRV on aave, swap it to tether/dai/usd and expect crv to plummet and repay the debt for pennies?

>>55705672
>low IQ retards
>holding their bags as exit liquidity.
not really providing liquidity if they’re holding, my low IQ retard friend

>>55705129
I don't think 100x 0 is going to work out for you

>>55705110
LINK has never been hacked or had an exploit of any kind

they will learn.

Vyper, not curve, is done for, and thank god for that. That faggy python like cancer has always annoyed the shit out of me.
All curve pools not having bnb as one of their tokens are safe. Even some with bnb are safe, as long as they're using the correct vyper compiler.

THEYRE REALLY RILED UP NOW LMAOOOOOO

>>55705708
It's an ERC contract....

>>55705672
>keeps missing the point by a giant margin
You are alone crapto normal faggots, you are the last hodler of this shit, no new buyers coming for your bags

>>55705709
These little faggots came up with their own shitty language to replicate PYTHON out of all possible choices. No surprise they have no idea how to code and review PRs.
And they also keep bragging about how they don't have stack too deep errors and are more gas efficient. This will shut them up once and for all.

>>55705676
i feel for u desu

>>55705681
From what it looks like to me based on the calldata some of the curve hacks might have been frontruns and frontrunners have a history of returning some of the money from hacks. Just look at safemoon.
At least one hack is a confirmed whitehat (fund from binance).

>>55705711
a fully secure contract with 100% secure software relying on it

happy bday ethereum
and for the party, retarded vyper devs make the main vyper product disappear

>>55705732
yeah you can copy that shit from opensea and paste it, takes 5 minutes congrats on that

>>55705656
CCIP solves this

>>55705736
kek fuddie

>>55705726
I haven't used alchemix in forever
I even missed their reverse rug

People don't realize how massive the implications of this are. THEIR REENTRANCY GUARD DIDNT WORK
Do you realize how serious this is? Reentrancy guards is one of the first things you check when you're auditing a contract. AND IT DIDNT FUCKING WORK. It's not even that it didn't work in some very specific conditions when the price of some token is just right, it straight up DIDNT WORK. Reentrancy is allowed.
Holy shit if protocols as big and as old as curve can be hacked imagine what else can and will be hacked.
Biswap V3 is one of the next ones for sure (they don't know how to code).

>>55705740
based retard

>>55705729
The front running makes sense. Wonder how bad it is. If i take out a crv loan here worst is i pay it back at recent prices which was only 73 cents anyway. Might be worth trying.

>>55705732
All ERC20 contracts are and have been safe. They're too simple.
If there's a vulnerability in chainlink (there probably is) it's in something else, not their ERC20 contract lmao

>>55705681
That is called shorting. Yes you can do that.

>>55705750

>>55705756
Here of course I meant pure ERC20 contracts that are copypasted from openzeppellin or whatever else. As soon as there's tokenomics bullshit then it's no longer safe.

>>55705761
Kek yeah it is actually duh. im so used to the broker hiding that part i forgot thats the actual way its done. Anyway i swapped my aave dai loan to crv. Ill see what happens.

>>55705745
Holy shit you're right. I just withdrew $5 a billion times from AAVE. How did nobody ever think to do this before?

>>55705794
AAVE doesn't use vyper retard.

>>55705756
>>55705781
>probably
>maybe
>as soon as
You’re shit at fudding

Anyway, what other coins are affected if this turns out shit?
AAVE,...

>>55705553
those want KYC now

This is a terrible look for chainlink.
Imagine being at the center of yet a other oracle exploit.

>>55705827
Curve wasn't hacked through an oracle exploit. How clueless are you? Read the thread

>>55705149
CCIP has terrible security. Even despite the fact that it's currently secured by a 3/5 multisig, it's nothing, but another lock and mint third party validation layer.

so has crv actually giganuked or not? i want to buy but i'm turboparanoid my order wont fill on the dex im looking at.

the value i'd get is thrashing around by a factor of 10 lol

>>55705337
Bingx

>>55705149
This has nothing to do with the thread. Curve hack has nothing to do with chainlink

>>55705855
No. Only pools with ETH token and only some vyper version contracts. Most pools are safe.

>>55705656
CCIP uses liquidity pools with tokens held in a smart contract.

>>55705855
Well it's nearing the yearly lows of last year

Actually now is a really good time to buy CRV.

>>55705869
i thought cvxcrv/crv was drained or something?

>>55705871
CCIP solves this

>>55705889
this. buy when there's blood in the streets, curve isn't going anywhere.

>>55705878
yea but cowswap is telling me it's trading for 9c which it doesn't seem to actually be

>>55705889
Buy the dip sir

>>55705889
>>55705898
2 weeks ago it was cheaper... why the fuck would now be a good time

>>55705893
It wasn't.

>>55705895
CCIP is essentially a bunch honey pots, secured by a 3/5 multisig.

>>55705929
It's going to run the world's financial infrastructure. Cope and seethe.

>>55705523
>>55705851
>>55705860

Look at how fast the fuddies scramble
Yet in >>55705813 the usual suspects have quickly resorted to blame Chainlink. Really makes you think

Which is it? CCIP has nothing to do with the potential safeguard, yet Chainlink is responsible for the hole in Curve's code?

Hmmm

>>55706034
>CCIP has nothing to do with the potential safeguard
Correct.
> Chainlink is responsible for the hole in Curve's code
Chainlink has nothing to do with the exploit. Literally 0 relation. It's a vyper compiler bug.

>>55705253
Bob won

>>55705058
oh no Bob what are you doing?

>>55705110
BTC maxis are the bondholders of crypto

>>55705711
this. ERC contracts are weak af no cap. Ethereum is a mess.

i longed

>>55705058
It's over for Chainlink at this point.

>>55706142
balsy

>>55706049
Why is it dumping then?

This could of been prevented if they just integrated kleros oracles. Kleros can reverse transactions using decentralized intervention (normally this is done by a centralized company which is a huge vulnerability which is why they don't even add it in smartcontracts)

>If 25% liquidity withdrawn in 1 tx
>summon jury ("did a exploit occur?")
>Wait for appeals
>Yes, fail transaction
>No, transaction confirmed
#simple as that

>>55705745

>>55705126
Wont because where i have my money nothing is going to be hacked and i have money in uniswap
>>55705194
Sandwiches are no exploit you retard

>>55705058
Oh noes, we got "hacked".
The code was "compromised" by an unfortunate "exploit".
Tokens drained by an "unknown" entity.
>>55705602
Based.
>Imagine if these useless chains could talk to each other
Linkies btfo.

>>55705827
Actually the only reason this didn't lead to an insane disaster is because Chainlink saved the day

>>55706142
well shit

DPX rugging now.

>>55705602
>>55705609
>>55705658
>>55705715
Well he has a point so please refute him by bringing up your point without xrp like obfuscation.
I hold link aswell but why again is ccip so huge?
Whats "missing the points"?
And please no xrp like bullshit

>>55706605
CCIP brings real dollars from banks on chain. There is no reason to use stablecoins let alone garbage like Curve.

>>55706605
>buys a token called Chain Link
>doesn't understand why Linking Chains is a big deal

>>55706727
CCIP makes bank chains interoperable with eachother so there is no need for Defi protocols like Curve to exist

>>55705068
he can't get away with it

AAAHHHHH MY FEED IS INFESTED WITH STINK MARINES REEEEEEEEWEEWEEWEEE

>>55705339
>they will be buying cheap avax back
Noone is going to be buying your compost, cockroach.

>>55705744
checked. seems like this event is permitting people who borrowed to pay back their loans at a discount lmao

>>55705058
based, this is why I only buy real projects

>>55706565
lmao, every fucking tetranode project is cursed to fucking implode

>>55705523
if you don't understand the ... ... LINK ... ... you are utterly retarded and shouldn't be playing with crypto

>>55705602
cia

>>55705672
lmao you people are insane. if you don't like chainlink don't buy it, what's the issue here

>>55706727
A stablecoin is literally a tokenized "real dollar," you can't have dollars on-chain without it being a stablecoin. The only question is who is the issuer.

what are the long term consequences? should i jump ship?

>>55705068
How hasn’t he been caught red handed by now? He literally wrote papers on why bridges in their current state are useless and how easy it would be to conduct bridge hacks.

Unironic schizo take, Chainlink labs is both behind the link tokens price suppression and all the defi hacks. Reasons unknown but I’m guessing some weird twisted trial by fire initiation for the soon to be wealthy technocrats.

Someone is going to end up in a suitcase that's way to much for a crypto rug.

>>55705058
Looks like the devs rugged their own coin hoping for an exit strategy since they gave up
Every rug is done by the coin owner/creator

>>55706513
>>55705431
Ah so the uniswap devs implement 100% slippage and the loss of 25 mil in a few minutes on purpose then.

>>55705058
The creator of curve has his 230 millions in CRV locked into aave as collateral.
Wonder what's gonna happen to aave if the attacker market dumps his 32 million CRV driving the price down.

>>55707632
>Wonder what's gonna happen to aave if the attacker market dumps his 32 million CRV driving the price down
chainlink will dump harder?

Flare and the XRPL EVM sidechain(s) are going to eat ETH's lunch and all L2s will die

>>55707335
Yes. 100000% link is suppressed by serg, ari and a team. It’s so obvious at this point the way they operate

>>55705058
dog bat laughs with you.

>curve wars

>>55707632
That will be difficult to do without getting caught. If anything connected to the hacker's wallet is deposited to Binance they will catch it and return the funds. He's going to have a hard time cashing out if that's his plan.

>>55705058
This is a terrible look for chainlink.
Imagine being at the center of yet another oracle exploit.

>omg a new type of Ethereum h4xx0rhack is out! Defi is over!
It's re-entrancy. It's re-entrancy every time.

And it's always some project using some weird shit, trans-dev, pythonic bullshit container.

There's a literal autist avant building and maintaining Solidity along with 120 other autistic high level devs and you go and build something using Vyper, it's your own fault.

>>55705058
hurr durr future of finance

>>55705058
Um is it also possible for dydx to rug?

>>55709290
Everything is ruggable. DEFI isn't decentralized and it isn't finance.

>>55709296
Funds are tied to smart contracts though, how could they get the funds? I am speaking of the exchange

what if I told you guys I knew how to securely and cheaply exchange assets across chains?
anyone interested?

>>55705729
>trawl through compiler internals looking for vulns
>finally found one
>work night and day to find a way to monetize it before other hackers catch on
>finally pull the trigger to drain the pool
>some tard front runs your hack and returns the money

>>55705726
>it's

>>55706480
lel

>>55705194
what even happened here
it said sandwhich attacks, but later on it goes to explain it was "phishing"
tf, these sites really only harvest clicks

>>55705700
>>55705194
>I'm a retard with all of my eggs in one basket, therefore you must be too