The project advertised on its website its plans to "Create Feminist economics in the form of a DAO to balance the male-dominated world." The project's whitepaper explains how the metaverse will apparently "greatly reduce the impacts on women's normal work and inequality in wages brought by their physiological differences and pregnancy. As a consequence, it helps eliminating a number of unresolved problems in the real world like gender discrimination, inequality in wages, sexual harassments, sexual assaults, trafficking of women and child marriage." It's not clear what specifically the "Feminist Metaverse" project was hoping to achieve.
"Feminist Metaverse" token exploited for $533,000
Fake minting links distributed after several large NFT Discord servers are compromised
Bot compromises have emerged as a wide attack vector in crypto and web3 communities, as widely-used bots can have elevated permissions across Discord channels used as official information sources across many communities.
Terraform Labs' legal team resigns
Four pricey NFTs stolen from actor Seth Green, complicating his plans for an animated series
The theft occurred on May 8, though Green only seemed to notice on May 17 when he tweeted, "Well frens it happened to me. Got phished and had 4NFT stolen."
The loss of the Bored Ape was later revealed to have put Green in a bit of a pickle, when he released the trailer for a new animated series he was developing that starred his pilfered primate. Given that BAYC ownership grants commercial usage rights (which are presumably transferred to the new owners when the NFT changes hands), the person who bought the NFT flipped by the phisher could have possibly brought a lawsuit against Green if he moved forward with the series.
Green ultimately spent about $300,000 to buy his ape back from the hacker.
American running "untraceable" service "designed to evade US sanctions" is charged after being traced
Though the country is as yet unnamed, the limited number of countries sanctioned in the way described in the decision allow us to deduce that it was either Cuba, Iran, North Korea, Syria, or Russia. This case marked the D.O.J.'s first criminal prosecution involving alleged use of crypto to evade sanctions.
U.S. Magistrate Judge Zia M. Faruqui wrote in the opinion: "Virtual currency is traceable. Yet like Jason Voorhees the myth of virtual currency's anonymity refuses to die. See Friday the 13th (Paramount Pictures 1980)."
Scream lending protocol racks up $35 million in bad debt after hardcoding not-so-stablecoin prices to $1
CZ admits Binance held Luna and UST in bizarre tweet threads
The following day, CZ tweeted, "Binance received 15,000,000 LUNA (at peak worth $1.6 billion USD, now not much) as part of the original ($3m) invest. 560x return at peak." In this tweet, "not much" glossed over the fact that these LUNA, obtained in return for a $3 million investment and at one point nominally worth $1.6 billion, are now worth $2,900.
He also wrote that Binance had 12,000,000 UST — worth $12 million when UST was properly pegged, and now worth $1.16 million (assuming liquidity exists to sell it at all).
Luna Foundation Guard reports what it did with its Bitcoin reserves, raising more questions
More than a few people were unsatisfied with this reporting, asking more transparency around who these "counterparties" were. Ultimately, this action benefited the "counterparties", providing liquidity to these whales who were able to exit their now risky UST positions for a good price, and did not help most of the individuals holding UST.
"Stable"coin DEI loses peg
This is another bump in the road for Deus Finance, which lost a total of $16.4 million in two separate flash loan attacks in March and April 2022.
Flash loan attacks on "Feed Every Gorilla" token take $1.9 million
Prior to these attacks, FEG had earned some notoriety from a May 2021 Vanity Fair article outlining an alleged pump-and-dump scheme, titled "Inside the Rise and Fall (and Rise and Fall) of Shit Coins". Despite the bad press, much of the FEG community maintained that the article was a smear and nothing more than an attempt by the author to create FUD. "You could literally take every token and this would apply to everyone..." wrote a moderator of the official FEG subreddit.