Developers halted the chain before liquidity pools were fully drained, but estimated that about $5 million was lost. They wrote that they were working on recovery plan; perhaps they will also encourage their community to report bugs privately, rather than via public Reddit post.
Osmosis chain halted after bug leads to $5 million loss
GYM Network exploited for $2.1 million
GYM Network promised to use the entire project treasury to bolster the price of their token, which tanked as a result of the massive sell-off. "We can't promise that it will bring the price back to 0.20$ but we will use it All to recover this attack," they wrote on Telegram.
Representative Madison Cawthorn belatedly reports up to $950,000 in crypto trades, long past the STOCK Act deadline
On June 8, Cawthorn filed more reports of crypto trades he made in January to March, reflecting 24 purchases totaling between $290,000 to $950,000 in crypto projects including Kryll, Ethereum, Solana, Bitcoin, Let's Go Brandon, and Request.
Senators Lummis and Gillibrand work across the aisle to please cryptocurrency industry with their proposed legislation
Senator Lummis has long been a strong supporter of Bitcoin and crypto more generally, sporting a "laser eyes" profile picture on Twitter and speaking at Bitcoin Miami, where she was introduced as a "champion of Bitcoin".
- "Senators to Propose Industry-Friendly Cryptocurrency Bill", Wall Street Journal
- "Crypto industry scores a big win under long-anticipated Senate bill", Washington Post
- Press release from Senator Lummis
People get an anticlimactic sneak peek at one of the first NFT games to be released on Epic Games store
500 attendees of the "Galaverse" event (a gathering put on by Grit's creators, Gala Games) were airdropped "epic" rarity horse NFTs, which those with keen eyes were quick to observe are simply a premade asset the developers purchased from the Unreal Engine Marketplace.
SEC reportedly reviewing whether Binance's BNB token broke securities laws
Reuters reports that Binance facilitated $2.35 billion in illicit transfers from 2017–2021
A wave of Discord moderator account hacks impacts multiple NFT-related servers
The Apocalyptic Apes Discord attackers stole around 21 NFTs. Bubbleworld attackers stole 171 NFTs, with combined floor prices amounting to around $243,000.
Decentralized exchange Maiar exploited for $113 million
Maiar's founder and CEO has claimed that "most exploited funds have been either recovered in full, or will be covered by the Elrond Foundation", though it's not clear how (or if) any of the funds were recovered.
Collector loses ten pricey NFTs to phishing scam
The collector had bought or minted the NFTs at various points over the past year, spending a total of 84 ETH on the ten stolen NFTs (worth ~$312,000 based on ETH prices at the time of each purchase). The thief has so far flipped seven of the Cool Cats NFTs for a total of 34.5 ETH (~$62,000). This collector doesn't appear to be the phisher's only victim; their Ethereum wallet shows a total balance of $365,000.