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John M πŸ—οΈπŸ‘¨β€πŸ’»

Verified account FluxBeam

@defipro

Trading dapps and infra at scale on Solana and Fogo
RPC, Risk Detection, and Trading.
Co-Founder

*Opinions are my own*

@FluxRPC β€’ @Rugcheckxyz β€’ @FluxBeamDEX
Software Company fluxrpc.com Joined February 2015
509 Following 1.3K Followers 2.4K Posts

Latest posts 5

John M πŸ—οΈπŸ‘¨β€πŸ’» Verified account @defipro
The innovation is happening on the wrong side of good and bad right now.
Dr. Zuler Verified account @zuler 3d
someone just borrowed $431K from @Loopscale with a $123 token

here's how:

> bought 1 kySOL (~$123)
> deposited it labelled as zBTC
> Loopscale priced it as bitcoin, but read it with 8 decimals instead of 9
> so 1 kySOL counted as 10 BTC (~$777K of collateral)
> borrowed 4,597 SOL against it
> never repaid, funds bridged to Ethereum

~8% of the vault, gone in one transaction

4 days later Loopscale statement says vaults have been made whole

Credits to: @AndrewSeb555
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John M πŸ—οΈπŸ‘¨β€πŸ’» Verified account @defipro
Can happen to anyone, it shouldn't but it can. Oldest trick in the book, is still the most effective trick in the book.
SolanaFloor @SolanaFloor 5d
🚨NEW: @Binance says attackers used fake job interviews, malware and a compromised internal AI tool to access its wallet signing service in the $6.34B hack.

An engineer downloaded a malicious interview assignment onto a work computer. Attackers later used the internal AI tool to compromise two colleagues and steal deployment credentials.

Ethereum EIP-7702 authorizations allowed further theft despite withdrawals being suspended, while Binance’s MPC setup complicated revoking access.
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