HomeAboutWhat is web3?FAQLicenseTwitterMastodonBlueskyInstagramThreadsRSSLeaderboardGlossaryContributeNewsletterStore
Illustration: A sad-looking Bored Ape Yacht Club NFT monkey looks at a world engulfed in flames.

Web3 is Going Just Great

...and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet.

Created by Molly White. Subscribe to her newsletter for weekly recaps.

  • Twitter
  • Mastodon
  • Bluesky
  • Instagram
  • Threads
Go to full timeline
November 2, 2021

Oracle manipulation attack against Vesper Finance nets hacker over $3 million

Vesper logo, blockly lowercase in light purple(attribution)
By manipulating the price of a low-liquidity, beta-stage stablecoin, an attacker was able to borrow all tokens in a Rari Fuse pool using the initial token as (inflated) collateral. They then swapped the tokens for Ethereum, and made off with more than $3 million.
  • Tweet thread by Vesper Finance
Theme tags: Hack or scam
Tech tags: DeFi

Text is licensed under a Creative Commons Attribution 3.0 Unported License. All attribution can be found on the attribution page.

Source code | Contribute