One of the wallets used by the scammers had stolen 64 NFTs, though most of them were low in value. The address had also pulled in 16.5 ETH (~$30,000). However, most scammers rotate wallets, and this likely doesn't reflect the total damage from the scam.
Scammers compromise verified, 5-million-follower Twitter account for Venezuelan newspaper El Universal, use it to promote fake Goblintown site
20 million Optimism tokens sent to nonexistent address, someone else snags them before they can be recovered
Wintermute published a blog post taking responsibility for the error, and announced that they would "proceed to buy OP every time the attacker sells it to make the protocol whole eventually". So far the attacker has sold 1 million $OP for about $1 million USD.
Wintermute wrote that they were "open to see this as a white hat exploit", but if the funds were not returned within a week, they were "100% committed to returning all the funds, tracking the person(s) responsible for the exploit, fully doxxing them and delivering them to the corresponding juridical system".
Remarkably, the attacker returned 17 million of the tokens two days later, keeping 2 million as a "bounty". Wintermute agreed to reimburse the Optimism Foundation for the remaining 2 million $OP.
Although the project team promised that "every single one of our holders will win something", the collectors were in for a lot of disappointment: players never showed up for events, and Zoom meetups were never scheduled despite repeated requests, and merchandise was never sent. One person who was promised a signed jersey instead received a t-shirt, apparently devoid of any signature.
In mid-May, two project creators announced they would be "stepping back on the project as [they] cannot seem to please the community". The announcement broadly blamed the project's failures on "lack of interest" in the project. They said they would no longer be providing physical items, and would focus on "athlete utility", though in the time since then the project has remained similarly stagnant.
Collectors minted Players Only NFTs in early December for 0.08 ETH each (~$144). One NFT from the project has been sold on the secondary market in the last month, for $0.001 ETH (less than $2).
The exchange has announced to repurchase $APX to boost the price, so far spending $600,000 to do so.
Developers halted the chain before liquidity pools were fully drained, but estimated that about $5 million was lost. They wrote that they were working on recovery plan; perhaps they will also encourage their community to report bugs privately, rather than via public Reddit post.
GYM Network promised to use the entire project treasury to bolster the price of their token, which tanked as a result of the massive sell-off. "We can't promise that it will bring the price back to 0.20$ 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.