๐จ The Damage Report (Sept 14)
Some updates on various hacks, outage, lawsuit, and shutdown in DeFi in one post:
โข Notional Finance's escrow contract got drained for $1.7M in DAI and USDC. The exploiter swapped it into 689.2 ETH and sent it straight to Tornado Cash.
โข Someone lost $2.1M after clicking a phishing link that showed up in a ChatGPT response. Yes, really. Check your links, even the ones AI hands you.
โข Liquid Network lost ~4,000 BTC (~$320M). Attackers found a hole in its transaction-validation software and minted unbacked L-BTC.
โข Robinhood Chain went dark for 14+ minutes on Sept 4. That's ~8,400 missed blocks at 0.1s a block. Not great for the chain everyone's farming right now.
โข Ledger is staring down a $500M class action over its 2023 data breaches. The lead plaintiff lost nearly $2M to scammers pretending to be Ledger support.
โข Harmony is shutting its mainnet after seven years and moving ONE to Ethereum. Deadline to exit smart contracts was Sept 10.
โข Router Protocol is calling it after four years. Burning 303M ROUTE and pulling off CEXs before the Sept 30 shutdown.
Seven years for Harmony and 4 for Router. Nothing in this space is too old to die.