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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56171669 No.56171669 [Reply] [Original]

B̶̬͉̈́̽r̵̩͍͐o̵̢͑ ̴͚̗̚ĵ̴͈ŭ̵̮s̶͙̓̑t̴̻̆̃ ̶̦̐͂ị̷̢̿̔n̴̨̪͂v̶̪͂̋ë̸̠̬͒s̶̼̩͘͝t̶̠́ ̸͓̊̋i̸̝͛n̷̛̩ ̶͉͆s̷͓͖̎t̶̮̀a̴̞͛ͅb̶̩̞͒ľ̷̘͝e̷̱͒ ̵͍͐c̸̯͆ȏ̶̮i̴͉͝n̷͓̿s̴̘͋͆

>> No.56171683

>>56171669

what coin?

>> No.56171697

>that feelio when the graph of your coin is a weighted unit rectangular function

>> No.56171714

>>56171683
L̶̖̋͑ ̶̺̏͠Ư̶̫͘ ̷͈̀̉Ś̶͎̠ ̸͕͎͂͘D̸̗̓ https://coinmarketcap.com/currencies/linear-finance/

>> No.56171829

>>56171714

man that's brutal

>> No.56172084
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56172084

Here
https://medium.com/linear-finance/%E2%84%93usd-exploit-283f2d32a2f3
"On 21st Sept 2023 the Linear Finance protocol was subject to an attack that resulted in the draining of all lUSD liquidity on both PancakeSwap and Ascendex, resulting in the price of lUSD going to zero.

The attacker was able to mint an unlimited supply of lAAVE and subsequently traded the liquid asset to lUSD on the Linear Exchange, prior to selling it on PancakeSwap and Ascendex.

The Linear Team have taken the following actions to protect the protocol, our assets and our users:

All protocol contracts that allow tokens to be minted, burnt or exchanged have been paused.
The Linear bridge contract has been disabled for lUSD.
The Linear Team have engaged an industry leading team to track the attacker(s) and bring them to justice.
Wallets known to have taken part in the exploit have been shared with all major exchanges and authorities

Restoring the protocol and un-doing the damage for our users will be our highest priority until the issue is fully resolved.

We apologise sincerely to all of our users. At this stage we regretfully ask for your patience and support and we assure you that we will continue to update you on a regular basis.

Linear Team"

>> No.56172097

>>56171669
Just do the needful and restore blockchain from backup sirs.

>> No.56172108
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56172108

This is also bad news for AAVE.
Why aren't they being held liable?
Why aren't they shitting themselves thinking this could happen to another USD stablecoin?
Curious.

>> No.56172144
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56172144

>>56171669
You could say that was quite a linear move

>> No.56172729

>>56171669
>coinmarketcap.com/currencies/linear-finance/
>>56171714
kek
>>56172144
check and kek