WOTrust - Blockchain validation and development services. Focused on #celo network. Tweets are personal opinions and not any kind of advice.
Joined May 2020
- Tweets440
- Following130
- Followers271
- Likes796
Pinned Tweet
Have you ever wondered what Ethereum could look like with small gas fees, fast transactions and reasonable UX?
Checkout @CeloOrg, @ValoraApp and celoterminal.com for glimpse of that future 👇
Everyone seems to be into vibe coding these days, but asking these LLMs any questions about EVM or Solidity definitely doesn’t pass the vibe check.
GPTs especially seem the most confident in their hallucinations. And they also seem to have wildest hallucinations.
ZM | @WOTrust retweeted
📣 CeloTerminal v2.3.0 is out now.
This version brings in fixed support for the latest Ledger firmware. If you upgrade to CeloTerminal v2.3.0, make sure you also upgrade your Ledger device firmware!
It is also compatible with CEL2 (can be used on Alfajores network for testing)
Lol, an auditing company @CertiK hacks an exchange @krakenfx . After few test transactions, they go ahead and straight up steal 3M dollars.
Even their own timeline of events makes no sense. There is a huge delay between the hack and reporting. 🤡🤡🤡
CertiK recently identified a series of critical vulnerabilities in @krakenfx exchange which could potentially lead to hundreds of millions of dollars in losses.
Starting from a finding in @krakenfx's deposit system where it may fail to differentiate between different internal transfer statuses, we conducted a thorough investigation with three key questions:
1/ Can a malicious actor fabricate a deposit transaction to a Kraken account?
2/ Can a malicious actor withdraw fabricated funds?
3/ What risk controls and asset protection might be triggered by a large withdrawal request?
According to our testing result: The Kraken exchange failed all these tests, indicating that Kraken’s defense in-depth-system is compromised on multiple fronts. Millions of dollars can be deposited to ANY Kraken account. A huge amount of fabricated crypto (worth more than 1M+ USD) can be withdrawn from the account and converted into valid cryptos. Worse yet, no alerts were triggered during the multi-day testing period. Kraken only responded and locked the test accounts days after we officially reported the incident.
Upon discovery, we informed Kraken, whose security team classified it as Critical: the most serious classification level at Kraken.
After initial successful conversions on identifying and fixing the vulnerability, Kraken’s security operation team has THREATENED individual CertiK employees to repay a MISMATCHED amount of crypto in an UNREASONABLE time even WITHOUT providing repayment addresses.
In the spirit of transparency and our commitment to the Web3 community, we are going public to protect all users' security. We urge @krakenfx to cease any threats against whitehat hackers.
Together, we can face risks and safeguard the future of Web3. #Web3 #Security #Transparency
I am guessing some @CertiK employee was probably contemplating to just steal as much money as possible and just ditch. They probably got scared and decided to report the hack "as a white hat" instead, after few days. Complete 🤡 show.
ZM | @WOTrust retweeted
Is Tucker still in Moscow? He will be amazed by the low price of human life in Putin's Russia.
Thanks to team @coinbase for following up and getting the issue resolved promptly!
Dear @coinbase , you have a rare, but very serious bug in your advanced trading system where it can lose track of funds in certain scenarios.
Your @CoinbaseSupport is not capable of resolving this type of issue.
Dear @coinbase , you have a rare, but very serious bug in your advanced trading system where it can lose track of funds in certain scenarios.
Your @CoinbaseSupport is not capable of resolving this type of issue.
If you have someone from engineering reach out, I can share plenty of logs and data that can help you pinpoint the issue and hopefully fix it before it leads to much more serious losses.
@coinbase @CoinbaseExch @CoinbaseSupport
I just want to take a moment to thank @Ledger once again for leaking all our personal information. I am really enjoying the ever increasing spam call/email/etc traffic that I am receiving.....
I used to think that AI running wild was just a fantasy. However, recent developments show that there really is a potential for very dangerous, out of control experiments.
Even current version of #ChatGPT has shown ability to discover vulnerabilities .
Now imagine an AI model that is trained for sole purpose of “surviving” and “replicating” itself. This can be a fun experimental project that can go really wrong if the model starts to exploit existing (or new) vulnerabilities across internet connected devices.
I am so confused. Costumers took money out from #FirstRepublic bank and moved it to bunch of other banks because they were worried for their deposit safety. And these other banks just moved those deposits back to #FirstRepublic?
Breaking news: The largest US banks have banded together to deposit $30bn into regional bank First Republic on.ft.com/3yKs5Cj
This is definitely next level of insanity. Who swaps 2M in a single TX without understanding how slippage and minimums work?
I just hope this is some super rich entity and this 2m loss is not going to be life changing levels of devastating for them.
I am amazed by efficiency of scammers. As soon as #USDC depeg started, I am getting 10-20 scam comments about @circle giveaways. They are mostly verified twitter accounts too.
If everyone else was as efficient as these scammers, we would really be living in the future with colonized Mars and flying cars!
The key question to ask is: "How useful is #USDC?"
Because if #USDC is not very useful and is easily replaceable, the amount of loss itself would be irrelevant. Even if loss was only 100M, what would happen if all other 39.9B redeemed it 1:1? You would be left holding that 100M hole and have 100% losses.
The reality though is that #USDC is quite useful (much like #USDT) and there are plenty of use cases where #USDC is the only viable option. That fact is what is really keeping #USDC afloat and avoiding massive bank run. If #USDC was easily replaceable with something else right now, it would go to 0 in no time.
So you crazy degens. USDC is now trading at a price that assumes that the $3.3b in SVB is 100% loss, and that there is no recover or interest.
Some of you all really don’t get how USDC works, huh?
This is also the reason why #SVB crashed so fast. It turns out that for quite a significant part of their users, the only feature #SVB was providing was to just hold their cash.
Surprise! A lot of other banks that can do that too. So as soon as there were signs of issues with #SVB, people just moved their deposits somewhere else.
If #SVB had been providing actual unique benefits for most of their depositors, they would have avoided their bank run too.
Hrm, the "high inflows" part doesn't seem true. #BUSD price is down so everyone is trying to escape from #BUSD, not buy into it.
@Binance can very easily satisfy BUSD demand right now because it is so cheap to buy all the BUSD that you want right on @Binance itself.
