Doug Colkitt(@0xdoug):Basically the attacker created a bunch of “fake wrapper” that mint-wrapped real tokens like WETH/USDC/USDT. Jared was boiled like a frog. Juicy arbitrages on real pools with the fake wrappers. Jared started small to test the waters, made money, things looked safe, then scaled up

Doug Colkitt

@0xdoug

Founder @slx_fi Founding contributor @fogo Ex: Quant

Joined August 2021

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Doug Colkitt@0xdoug

2026.06.21 00:06

Basically the attacker created a bunch of “fake wrapper” that mint-wrapped real tokens like WETH/USDC/USDT. Jared was boiled like a frog. Juicy arbitrages on real pools with the fake wrappers. Jared started small to test the waters, made money, things looked safe, then scaled up