/biz/ - Business & Finance

>>19990835
OH NO NO NO

>>19990864
Hey, what's stonks price right now?

>>19990875
same crash, both just got their balancers drained

Buybuybuy

Why do we have more holders of STA then before the balancer bug?

>>19990883
Any idea what happened?

I said I wasn't coming back here but I just need to stop by to say AHAHAAHHHHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAHAAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAAAHAHAHAHAHAHAHAHAHHAHAHAAHAHAAHAHAHAHAA

>>19990908
Because smart people are buying this shit for under a dollar knowing it will rise back up

>>19990949
Penny sorry

>>19990912
balancer doesnt support deflationaries, two idiot projects got huge without even checking they're safe.

Balancer hacked. Wtf. Funds drained here: https://etherscan.io/address/0xbf675c80540111a310b06e1482f9127ef4e7469a

>>19991038
It’s fucking ogre.

Only fools would buy this peice if shit now

>>19991038
>https://etherscan.io/address/0xbf675c80540111a310b06e1482f9127ef4e7469a
the hacker is buying DMG lmao

lets go!!!
daddy needs a new truck

So wait sta is over and done? sell and get out? please explain I dont know what's going on

This is the funniest thing I've ever seen here. You will literally hold to zero now.

>>19991112
No one knows untill they are done talking with the balancer site

>>19991112
They’re fixing the pools buy more

>>19991112
its over, balancer hacked, coin has 0 value now

>>19991112
>https://etherscan.io/address/0xbf675c80540111a310b06e1482f9127ef4e7469a
Yeah you mong, anyone bagholding now is just not familiar with what has transpired.

get fucked buckos i got out last second hahaha. its going zero. someone found an arbitrage exploit. and drained the balancer pool

>>19991112
The pool was exploited and emptyed. Vven is the devs decide to replace the half a million (they won't) it is fundamentally flawed. The same thing could happen again. STA is over.

>>19991112
just a bug, balancer is fixing it as we speak

>>19991112
It's 100% over, zero chance of recovery. Sell what you have now.

>>19991190
The level of cope and blind trust is unreal here

It's time to admit defeat. Got out with 1/10th of what I put in, maybe less. Then again I didn't expect this, hope it serve as a lesson

Can someone explain what happened?

>using a 3rd party pooling service
Balancer was flawed from the start. Exploit must have been there from the beginning, it isn't until now someone decided to go and drain everything.

>>19991239
All of the funds in the balancer got stolen, they are claiming they can fix it but the fact remains that this shit is Dead.

>>19991208
>t. has no idea how amms work

you'll fomo back in 100%

>>19991271
How did that happen though? All the eth and stuff too or just the Statera?

AAAAAAAAAAAAAAAAAAND ITS FIXED

They moved funds to protect them issue has been resolved can check their Twitter. Get it cheap while it’s still low

OOOOO it just pumped back over 1 cent. The fabled Golden Bull Run begins now.

>>19991290
I'm not your mom faggot, go read up on this shit.
If you have any of these tokens leveraging BP though you need to get the fuck out.

Pool is increasing its fixed

>>19991167
digits
also bailed at the last moment, get fucked niggers

Why the fuck are people still buying fucking kek this market is crazy

>>19991311
Nigger where do I even read this shit
But thanks

>>19991337
You fucked up it’s pumping

>>19991329
Still at 0?

nothing got fixed, we are dead. stop lying around or show proof of fix

>>19991329
>>19991352
lmao

I am utterly, hopelessly financially ruined after all-in’ing at 11 cents. Fuck crypto just isn’t for me.

>>19991062
>>19991062

THERE WAS NO HACK. THERE WAS NO BUG. IT WAS DELISTED FROM BALANCER AND I GUARANTEE YOU THAT THE DEVS KNEW THIS WAS GOING TO HAPPEN.

/capscruise

How heavy are they?

you all deserve this. goodbye

>>19991450
shit, anon. i recognize you from other threads. im im sorry and hope you find a way to make it up elsewhere. im the furfag who kept warning everyone.

>>19991450
You're the only person I genuinely feel bad for in this thread. This was an expensive lesson but never all in into something and always DCA. You'll make it back man.

It was clear as night that this shit was a SCAM, you retarded morons.
Should have bought AnalysX XYS. Top Kek.

>they exit they exit
>more STA holders than ever
hmm

>>19991514
Also the fact that whales still haven't sold at all. Seems like it'll recover, it basically is going up right now. Oh well, shit happens. We'll see how it goes.

>>19991550
>recovering now
Whoops, spoke too soon.

>>19991450
Listen, I've seen you in here a lot and I don't remember if you ever said how much you put in, but the people here aren't your friends. You should have put a % in of your portfolio rather than everything, but I'm sure you know that. It was always a gamble, but fuck me, never go full retard and put in everything when you knew it was ran by a former scammer (Abu) and the dev ran away after Balancer delisted it. I feel kind of bad you didn't get in on day 0 and witness the greatest pump this year bar Hex. But still, never go full retard. BTC/ETH/LINK. The only things you need to invest in to make it. Learn from this. Only put in small amounts and get out after 2/3x your money. Rinse and repeat, put the profits into the BTC/Eth/LINK folio.

I was in on this with a big bag also. More than 200k. But that 200k came after the immense pump because I was in on ground floor for hardly nothing. I, and a few others, were watching this bleed out after the pump. Tried to warn, but no. Nothing

>>19991550
whales haven't sold because it happened an hour ago and it's fucking night time in half the world

>>19991550
+478% daily volume, everyone and their mother is selling

>>19991514
This happens with literally every pump and dump coin man. People think that it will recover and they post rocket ship emotes in the telegram. It never does.

I'm not 'smart money' but I've been around long enough to notice the same shit.

>>19991599
It wouldn't surprise me if at least one of them an heros. This is an extreme financial loss for them.

>>19991550
It's getting delisted on balancer. There will be no pool. How it could recover?

I invested around 2000 bucks in AnalysX. It can moon or go to shit. Who knows. But guess what? Even if it goes to shit, im still fine. 2000 bucks is not a lot of money for me. And besides you should NEVER go all-in on something. Ever. Thete is a german saying. Greed makes you dumb.

I knew I should have sold when they said no kyber

>>19991633
No, it's not. because most of them are people that got 500k STA for 0.5 eth on day 0 of the V3. I'm sure I was getting 400k for 0.5 on the first day. It was also going up so fast, there was a point in day 3 or so if I remember when you could get half a mil STA for 0.1 iirc. Can't really remember. Maybe if they were all neets and 100 bucks meant everything to them.

LIQUIDITY LIQUIDATION ANNOUNCEMENT

Dear Community, following the project from the beginning, you know we are all about transparency.

This is what we have gathered from the current situation and it is not an exploit in the Statera token or smart contract.

All deflationary tokens are being affected by this Balancer Pools issue. There is not a vulnerability in either token, Your individual STA tokens held outside the pool are safe, the liquidity is what is in question and we are working with Balancer to figure that out. Money has been stolen from the liquidity pool, we will decide on next steps alongside Balancer Pools. There is a real issue here with the pool (not with the token), do what you need to do for your own risk ratio.

We are already working on a way forward. We know this affects you deeply, all of us were personally and heavily invested in this project, we are affected in the same way.

Note: Though Alpha Pool was directly affected, this does affect Liquidity pool in a secondary manner, so both pools are affected.

Thank you for your patience and understanding.

©STATERA PROJECT

>>19991674
There were some people that bought in late with large sums of money. They aren't all people that got in early but I'm sure it is most of them.

>>19991690
Bearish

When I asked someone to drop the price below 0 I didn't mean steal the fucking pool. This shits so funny I don't mind holding this small bag till negatives

I heard STA is getting a partnership with Carlos Matos

>>19991791
yea, and I heard that your mother was fucking with santa claus

fuck me no point even selling anymore then

>>19991690
You're not working with shit.

>>19991827
from Abu on Telegram, posts here too i believe

>>19991714
There was like maybe 10 in the top 100 that got in around 0.06-0.01 with large amount of eth, yeah. But that's people that clearly just wanted to ride the euphoria and then, it was probably them that kept making the threads after it went all the way down.

I wonder how comfy the frog poster is now. I'm sure he's a million plus holder. Or the legit million plus holder who posted screencaps with 90kusd worth of sta at the height of the pump saying 'not selling'..... Bet he wishes he did now heh

>>19991826
May as well wait it out and see, there really isn't a point since this happened so recently and the price is so low now. Not that it doesn't suck, but oh well, I'm not ruined or anything.

>Down to .004 USD
wow it’s extremely ogre

>>19991741
I'd call it investing on a company that just filled for bankruptcy

well if worse comes to worse we can just dump it into the pool in the future, if there is a pool, or a future

>>19991690
https://youtu.be/yIL9wLxG01M?t=39

How much to hire a bicoin hitman for the thief, since we're never getting STAssassins (tm)

>>19991893
I'm sure they aren't very comfy now that their money has vaporized.
>>19991090
I wonder if this guy is connected to ghosttoast or what ever his name was. I remember reading in one of these threads a while back that he was planning to do something.

>>19992002
This, time to use all of our remaining 0.01c to hire a STAssassins

>>19992012
I don't think he's smart enough to pull something like this out.

If I hypothetically injected 400 ETH of liquidity into this pool, have I lost my 400 ETH?

>>19992046
yes

Is Balancer Pools insured for this sort of thing?

I don't know about everyone else, but I say we come out stronger after this. Balancer didn't like us. Was probably an inside job. They will get caught, sued to death, and we move on even stronger.

I wonder how Johnathan feels right now. He added like 50k to the pool

>>19991826
i’m just about to start gambling on the shorts. may as well try to get something out of this shit.

Thank God I sold this shitcoin for dmg

>>19992052
Are you sure?

>>19992046
Jesus Christ its not even funny at this point. You just straight up get robbed

>>19992046
at this point you can't even inject any eth

You reckon devs cleared the pool?

>>19992065
that him? lol

>>19992057
I need to find the name and location of who has done this.

>>19992057
they didn't like you because they repeatedly told you this was going to happen

>>19991690
>Your individual STA tokens held outside the pool are safe,
So I was fucking right in the end to tell everyone to take their STA out of the pool.

>>19992082
Before the theft

>>19992096
ill put 1k on the dox of whoever did and the devs for sta to

>>19992103
Yes but they are practically worthless right now, better than 0 I guess but still

>>19992120
I intend to travel to his location.

>>19991112
>So wait sta is over and done? sell and get out? please explain I dont know what's going on

NO. KEEP YOUR COINS. IN FACT, I HAVE SOME I WOULD LIKE TO SELL TO YOU HAHAHAHAHAHAH FAGGOT VIRGIN GET FUCKED YOU'VE BEEN CHINKED!!!!!!!!

>>19992120
Put it on the balancer site, they had the exploit. Prob insider. Stonk got cucked to

>>19992096
https://www.youtube.com/watch?v=r-PYYaoq0fY

Blood for the Blood God. We need justice.

>>19992053
Lmao

>>19992133
i am game

Are you pajeets finnaly going to stop now? Is it finally over?

https://www.youtube.com/watch?v=61Q6wWu5ziY

>>19992149
This is the intention. If you think I stop after he is 'doxxed', I don't

YOU LOST YOUR FUCKING MONEY IF YOU HAD IT IN THE POOL. ALSO IF YOU HOLD THE TOKEN IT'S SAFE BUT IT'S WORTH LIKE HALF A CENT NOW HAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHHA

OH NO NONONO ONONO


AHAHAHHAAHAHAHAHAHAHAHAHAA


AT LEAST THE TOKEN IS SAFE


AHAHHAHAHAAHHAHAHHAHAHHAHAA

I wonder who could have stolen the tokens..

>>19992096
Look in the mirror then, retard. There, you found the faggot that fucked you.

If Stonks can offer a 1:1 then regardless of how fucked STA gets, surely they can trade us for STA 7

Come back to us Scott. Get the band back together. Its a mission from god.

>>19992190
I have no need for you, just know the holder of the wallet address identified is going to have a very hard life. Never underestimate who you have fucked with.

>>19992219
STA and Stonks aren't the problem, they don't need a new coin to fix it, the bal pool devs would have to fix their end

>>19992228
If you find them, post the info, I will help with the torture

EXIT SCAM!!!!!!!!!

They are going on a BANNING spree on their telegram group.

EVERYONE SPAM THEM
FUCK THIS EXIT SCAM


THEY ARE DELETING MESSAGES AND BANNING ANYONE THAT TALKS BAD ABOUT STATERA

ITS A FUCKING CLOWN SHOW
MASS PEOPLE ARE JOINING AND COMPLAINING AND GETTING THEMSELVES BANNED LMFAO

T.me/stateratoken

THANK THE TRANNY JEW NOSE MOD IN THE GROUP (pic related)

>>19992189
If you think stonks will recover but not sta then you are retarded

>>19992277
you mean they're banning trolls who are spamming and making a tough situation worse? wow, so immature of them.. fuck off.. we will recover and come back stronger while you die

>>19992250
Was it just Sta pools that got taken from I wonder. I mean was the problem Balancer or

Basically continuing to hold because of Pascal's wager, also I never trust folks on /biz/ going crazy like this.

>>19992306

all pools with a deflationary token got fucked

so sta and stonk pool basically. something to do with arbitrage exploitation

balancer insider here. members of the balancer team just bought the statera dip. keep an eye on some of the newer holders. screencap this.

>>19992228
Just like the universe has no need for you if you fell for this.

>>19992057
>>19992096
https://etherscan.io/address/0xbf675c80540111a310b06e1482f9127ef4e7469a

Somebody find out who it was. Some guy from Balancer Labs most likely.

>>19992350
Like I said, you have no idea who you fuck with when you decide to steal their hundreds of thousands of dollars. I don't mind your insults either.

look, the reason you lost all your money is because you're dumb, it's just how the world works. the dumb people always lose, not your fault though, just genetics.

I wonder what the top 20 whales are doing now. Probably not affected as hard considering they only put in 0.5-5 eth and were gonna wait till December to sell anyway.
https://etherscan.io/token/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1#balances

>>19992373
they fucked with a lot of smart people. they're probably going to capitulate and send it all back and act all innocent like they were just trying to show us that there is an exploit.

>>19992415
now I see why you fell for STA in the first place, you're literally this stupid.

>>19992300
Suck my dick you delusional fucking retard
You have done nothing but spam the biz board with this african scam and you still have the audacity to keep telling people to buy & hope for a recovery?

Please go gas yourself in minecraft and enjoy waiting for the next STA pump you delusional dumb fuck

Wipe the cum off your eyes and ass, accept Statera is an african nigger project that your weak peasant mind fell for.


So fucking glad i dumped my whole 200k bag on you idiots around 6 to 7 cents.

Get absolutely fucked

>>19992432
You act like the project itself was the problem when we know it literally wasn't. No one could have expected this. Although I understand you're just trying to get reactions out of people, so whatever.

>>19992463
The project itself was the problem though. They made a deflationary token that relies on balancer when balancer itself says deflationary tokens don’t work and are attack vectors.

>>19991464
they're quite light right now my friend, I feel sorry for you

dead cat bounce?

It's over.
I lost only 5% of my savings but I pray for the anons that lost everything.
It wasn't supposed to be like this.
We did nothing wrong.
It's time to take the loss and move on.

Stratonaut? More like wagecuck lmao

https://www.youtube.com/watch?v=DMonlRsJ5hY

Why did the vol rise with 300k?

Someone wants to put a Bounty on the Balancer team's head. Claims they were behind the drain to teach us a lesson about deflationary tokens.
Grab Popcorn.

>>19992491
> did nothing wrong

You ignored all the BOBOs telling you that STA is a fucking nigerian scam, in ALL daily threads.

Your fault that you did not DYOR and for that, you've lost money and some lost everything for being fucking retarded.

Get fucked you idiots

This is what happens when you fall for a nigger and jew scam

>>19992333
>also I never trust folks on /biz/ going crazy like this.

This comes literally just weeks after the ESH/Ghost fiasco. There is some noteworthy posts on /biz/ you should be listening to. Always do plenty of research. Never put your life savings into these scams. I'm not saying don't invest, and make a quick buck. But come on, you couldn't put two and two together? Abu was the head of bitconnect, Scott created BURN, which exit scammed.

Hold those bags if you want. But I'm really trying to tell you to try and recoup some of your investment. It won't be long before this is almost zero and only 40IQ people in telegram are buying.

>>19992403
Im top 20, bought all the way up, sold my links even, sold everything. Got my first 500k for a few eth though, wanted more though, kms tomorrow , fuck jews and fuck jews.

>>19992602
Why even fud right now? You know none of that is true

>>19992339
This is what I thought at first but no i mean wasn't the liquidity in the pool literally stolen as Abu on Telegram said

>>19992625

yes. and the stonk liquidity

>>19992616
'Abu was the head of bitconnect'
got me for a second, sorry Abu

>>19992616

Come on man, are you literally this blind?

Whoever coomer doomer is in here on telegram, you’re fuckin based. I hope ‘medfren’ blows his brains out lmao what a retard.

>>19992650
ah okay, as i said last thread i think holding so dont want to panic any holders who are considering dumping ASAP

well sta has been pumping for a while now so just gonna wait and see i guess...

>>19992661
Literally what is your problem with the project itself, not the price of the token

>>19992602
Can't imagine Scott did this, his info/life is readily available to anyone who searches. Can't imagine he'd do that and jeopardize his comfort.

However Scott needs to make a statement fast before the mobs come. People are wrecked and looking for anyone responsible.

>>19992491
>It's time to take the loss and move on.
It's time to sue Balancer Labs.
>>19992597
We know who they are, we have an entity, everyone can sue.

It’s over. I was top 10. Sold everything. Deflationary index fund without an index fund is well kind of over. No one will add any significant amount of liquidity to any new pool.

Why are people buying?

looks like bottom is in

>>19992717
Usually a bounce before 0, trying to cash in on that

>>19992690
Why even bother, he's just trying to pose as someone who "actually cares" so he can make his FUD look more sincere unlike the people that are just laughing and insulting everyone.

>>19992717
Because /biz/ is full of liars and they only laugh for the memes but in reality they're still buying. The holder count has literally stayed the same and more people are buying, and considering literally only /biz/ knows about this and makes up all of them, I think you know what that means. Some folks have actually sold though.

The pool was everything this coin had to it's advantage. I'm so disappointed. Why does shit like this always happen to me... Fuck.

Can they create their own index fund pool that is secure and isn't balancer?

>>19992701
>Judge, I entered into a pyramid scheme and this unrelated company warned me against it. I would like to sue the independent company that had nothing to do with the token and actually warned me against pyramid schemes.
I'm sure you'll get all your money back plus punitive damages.

>>19992664
Wait please screencap med. he just lost 10k in the dmg public sale lmao. PLEASE

>>19992701
Imagine thinking that you can sue a crypto scam

Oh my fucking god....
there's a fat disclaimer on stateras homepage that this is experimental and any losses you had is solely YOUR problem and not theirs.

Get fucked again you dumb fuck

>>19992769
No they’d still run into the same issue. It’s not a balancer issue per se...it’s an issue with the deflationary nature of the token. Balancer just allowed an attack vector to exist

i wonder if they will fix it or not. if it gets resolved is a 50/50 rn
still up 16x so whatever.
comfy level is probably a 5 now

>>19992769
Team said they are working on a solution. So we will see.

A-a-are people buying? Ballsy move

>>19992793
comfort level negative 2 at the moment

GC/Derelick:

We don't know what the future holds, but the team is still 100% here and trying to problem solve, we really did have a huge vision for this project, and there was so much planned. This is heartbreaking. It wasn’t our fault but it still sucks. They made it sound like the gulping exploit needed you to hold like 99% of liquidity in a pool but it doesn’t look like that is the case, unless this was a completely different exploit (though it has to be related to gulping in some way). Guess this was the risk of trusting a third party to run our index fund. Deflationary index funds could still revolutionize finance, it's just a question of how to implement and move forward from here.

>>19992717
Literal 40IQ retards. This happens with every coin. The holders of ESH went up 30% of so after the PIVX whitepaper dump. There is so many people watching from the sidelines, thinking that some dump will be the chance to buy some bags.... Rather, it's them that get lumbered with holding them at a loss, for years.

>>19992760
See you at 0.00000001

>>19992798
What solution there is though?

MEDFREN LITERALLY LOST 15K ON DMG ONLY TO LOSE 30K MORE ON STA DAYS LATER

YOU CANNOT MAKE THIS SHIT UP
HAHAHAHAHAHA

>>19991090
You fucking kids thought you could bet against us?

>>19992798

Which team? Statera or balancer?

>>19992820
PLEASE POST SCREENCAPS
LMAO that’s what he gets for being an absolute shitter

>>19992820
This was the first thing I thought of. He is the the telegram right now saying he is going to sue the balancer team lmao good luck

>>19992827
Statera, see >>19992810 and >>19991690. They haven't given up and neither have most holders.

>>19992811
Thanks, that's honestly better than false pity.

>>19992814
>>19992827
Only way to recover is to move of balancer and find a new place to pool that is secure. We will see how it goes.

>>19992869
How’s going to support it? All of the STA supporters pooled and came up with 500,000. You can’t replicate that.
Trust is the most important aspect to finance. It’s why btc works. There is zero trust in STA right now. Good luck.

>>19992820
>CRYPTO LAWYERS
OH NONONONONONONONONONONONONONONONONONONONOONONON

>>19992907
Who is this medfren guy

>>19992888
>500,000
that isn't a high enough number that it would be impossible to recover, at least it wasn't something deep into the multimillions.

Balancer Labs pissed off the wrong people.

Just reported in the Telegram grouo that the team is looking into creating their own balancer platform powered by STA.

Bullish

Literally bitconnect 2, and you didn’t listen.

>>19992907
god i feel bad for med

>>19992888
>There is zero trust in STA right now.
The thing is the exploit was on balancer and not STA. And 500K isnt a large sum money if they can create a new pool and get new people investing. But it will be alot harder yes.

>>19992935
Kys

>>19992943
No the exploit was because sta chose to use balancer when they knew that it didn’t work with deflationary tokens. They should have halted it the moment they found out but they didn’t. Not balancers fault

>>19992938
super bullish. I never liked that they were relying on a 3rd party. This is turning out to be a good thing overall.

>>19992935
Lmao he’s gotta finish suing dmm foundation first
This nigga

ah poor faggots.

you're all gonna commit suicide soon

>>19992954
They didn't know of this exploit, noob. Pay attention and stop posting bullshit.

>>19990835
It's ogre

>>19992927
lost 15k trying to buy dmg at the public sale, mixed up the ratios or something.

>>19992977
You really expect /biz/ to not shit all over something after this, realistically? I'm still in this project, but it's to be expected. I do still believe in the devs though, they're working it out.

>>19992398
I accepted this truth today, my final redpill. T.900k Stawhale...

>>19992975
Jokes on you. If I "made it" I was planning to give it to my mother and cousin and then commit suicide anyway. I wanted to kill myself recently I was actually feeling a little disappointed that I have to postpone it just to make some money to give it to my family before I neck myself.
Of course now there's also the option of a homicide...

>>19993096
chill man, this is turning out for the best.

>>19992888

So there is a rumor that they're going to try again with their own pool rather than balancer's, so if they did that, added a new token like BAL, and replaced one of the current options with something like DMG with higher mooning potential then they could do more with less. It's risky, but feasible

>>19992760
not for him, but only those who read it and go huh hes not fudding hes right, an alternative viewpoint

We tried Stafrens.... Rip

/Art_Anon

>>19993096
Don't put your family through that, fren. They would rather have you than money. As someone who has had more suicidal thoughts than not, I understand, but I wish you would reconsider

Obviously the Statera team misjudged Balancer Labs as an upright community with solid code. They turned out to be scum who can do nothing but talk shit and blame instead of tackle challenges head on. They're punk bitches. Great, lesson learned, now Statera can move on to bigger and better things while they get thrown in prison.

>>19993135
sorry artanon
we got balanced

>>19993135
Sorry man. I hope we can pull through, it is going to be rough for a while either way

>>19993130
So it'll still be an unwanted coin that gets sold off for whatever real assets it's paired with, dumped as soon as the creators think the honeypot is full enough.

>>19993184
No, faggot. It will be the legendary new coin that pioneered a new asset class and will be in everyone's crypto portfolio just as originally planned.

so did all the pools get drained? or just statera's?

Sthanos snapped his fingers and your money went poor.

>ironic, no?

literally where is the money right now, did balancer "steal" it or did hackerman "steal" it.

if balancer:
>sue balancer
>get Scott to make a sta only pool, with sta BAL equivalent
>tell balancer to fuck off?

If Scam:
>Scammed lol bobos were true
>Sell for 0.00005 99% slippage all at once

Also you've not lost any money (yet), your "money" is just not worth $x

Give it to me straight.. Do I recoup some losses now or just hold..

>>19992057
>we
Married bags confirmed

>>19993269
"Statera project supporters and investors"

>>19993269
Uh yes, I believe in the project. I'm guessing you didn't and sold at the bottom. Ok, cool, cya..

>>19993229
Hahaha you know I'm a whale with 1 million STA who could have sold between 100k-150k even arbitraged and abused all the glitches to get 600k (the top whale who's spread across multiple addresses is probably madder and calmer than I am)
And yet with all my potential losses I still find time for comedy at my own expense...

You know how I said Scott looked like Brendan Fraser? C'mon do it, let's do it together and post the JUST'd meme. God it's like it fits like a glove.

>>19993237

https://etherscan.io/address/0xbf675c80540111a310b06e1482f9127ef4e7469a

>>19992228
Haha rekt fags fucking Taken larping. Give me my shit coins backkkkkk reeee

>>19993295
Sorry man. Genuinely

>>19993295
>>19993330

>>19993227
Statera and stonks

>>19993249
If you are way down, I would hold. If you are up, then I would try to get out with some

>>19993249
I'd just hold, like this guy >>19992333 with the digits said it's Pascal's wager here. If you sell and it ends up going back up you'll feel even more fucked, if you hold and it goes up it'll be all good. If you sell and it doesn't recover you're pretty much in the same boat as if you were to hold and it doesn't go up, the losses are practically the same unless you're a huge whale with a massive stack. But you do whatever you feel you should.

As has been said before, most wallets are still holding or even buying more. The number of holders on etherscan is practically the same, and the whales are pretty much all still in it. The devs genuinely seem to have plans for the future which I think tells us that this isn't over yet, despite the shit this is getting from /biz/. This project has gone through hell and back before, it's not going to die this easily. I'm going to wait and see, it's only been a few hours anyway.

>>19992611
I bet it was a chink that did it, it's always the chinks and slavs that drain solidity contracts, there's literally entire dev teams devoted to it

Did the Telegram just go dark or did I get banned?

Guys, be prepared for some fake clones coming out in the coming days, claiming they fixed the issue.
Probably with names like STAv4 etc etc...

>>19993440
You got banned

>>19993413
Thank you this was solid advice. I will hold and see what happens. What is link to discord btw?

So whats the play here anons?
do we increase our stacks and wait for the return to normal or is this the end of the road?

>>19993504
i have a bad feeling it's the end of the road

>>19993504
I added 200k more STA to my bag

>>19993517
ive been warning you guys for weeks. its your own fault.

>>19993504
personally. I added.
if i didn't have funds to add I would have just held.

>>19993545
you did not predict this

>>19993545
what was your warning, anon? pray tell

>>19993504
>>19993540
guys...

>>19992935
>kleros court
AHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHA

Let's back up here.

Where did the STA and STONK funds go? To an address, right? is the address doing anything?

It's over faggots

>>19993135
I like your art. Do you make graphics for a living?

How should I get banned from the telegram? Should I call Megan a man or post porn? Give me something.

>>19993758
Unoriginal

>people are actually buying it
Wtf

>>19993776
I'm looking for suggestions.

>>19993736
Nah, I work in the IT sector and study game design at the same time.
Appreciate it man!

>>19990835
The funniest part about all of this is that we got more holders now than pre hack

There is no "Statera Project", there are no "Statera Devs", there is no "Balancer" pool. It was all us, Truman.

Scott from Scotland? Abu from Abu Dhabi? Truth is you've been played; scammed and observed the whole time, by everyone. The game was rigged from the start. You didn't even know you were playing.

Statera in Latin means 'balance', why didn't you put two and two together? We gave you every chance. It just makes me sad Truman. It was all a waste of time. It wasn't a test to see if you could make the "fuck you money", as you call it. The test was just for you. And you failed. You wasted it all.

Why did you never question the nature of your reality, Truman?
There's no need to answer.
Your time is at an end.
Goodbye Truman.

>>19993694
https://etherscan.io/tx/0x013be97768b702fe8eccef1a40544d5ecb3c1961ad5f87fee4d16fdc08c78106

I don't know how to interpret it though

>>19993794
Gay.

>>19993545
Nobody could've predicted the pool would get drained, this isn't really STA's fault

>>19993817
you can write the shitpost next time, Andrew Niccol, screenwriter of truman show

>>19993803
He has $100k worth of LINK. Probably a biz trannyposter, toppest of the keks

>>19993096
livestream it you fag

any theories on how they did it?

Quite brilliant actually, no?

>"it was devs from balancer 100%, there is no way it was some random hacker, it was the most clever scam actually while everyone was busy making new tokens to scam people they made a fucking tool to scam all the tokens using the tool"

>>19993845
the statera pool had 100k worth of link.

>>19993845
Aren’t those from the pool?

>>19993492
discord gg/fYQ2by

>>19993902
The devs 100% did this as they were fucking dickheads and just 1-2 days before this they gave a shitty warning that there might be an exploit to try to wash their hands.

>>19993927
>>19993929
Oh so all the tokens he has are from the pool? Didn't realize that

I'm trying to sell on uniswap, and there's nothing popping up, nothing to confirm. Only lost 10 bucks, but I'd still like to get rid of it. How do I sell?

>>19993982
increase slippage, no ones buying at that price in a few seconds

Just bought a ton of this shitcoin
A dump because of an exchange hack is not permanent. If you don't buy, you hate money.
I don't know a fucking thing about STA or their team, only that it isn't an exit scam
This shit is going to return to normal very soon

so where are the 500k?

>>19994040
This was said about NANO too. Never recovered.

So I just got knocked out of the top 150 down 18 spots from this morning. People are buying up large quantities still! Risky as fuck, but go big or go home I guess.

>>19994040
retard

>>19992810
>They made it sound like the gulping exploit needed you to hold like 99% of liquidity in a pool
You realize that by borrowing a flash loan of sufficient quantity, you can instantly become 99% of the liquidity in a pool, right?

are we still using uniswap v2 to buy?
I'm having a little trouble

>>19994063
That was during the big crypto boom and subsequent crash so not really a surprise and not the same as this either. It's still Top 100 though.

>>19991090
>the hacker is buying DMG
No they aren't. They did buy a shitload of chainlink kek

>>19994103
Me too, this is wierd. Do they know something we do not?

>>19994045
in my pocket :^)

>>19994110
That isn't what happened, it looks like they bought all the STA from the pool rather than adding liquidity

LMAO they are DOXXING the Balancer team now. get ready for WAR lads.

Just wait until the 1mil+ whales start dumping to get out with some profits. I hardly think the bottom has been seen yet.

Double check you doors tonight, balancer-devs. I'm coming for you

>>19994103
>>19994159
If someone bought say a large amount near peak say .10c - .14c, it would not be bad to pump more in now below a cent to make a huge stack but lower the point they can get out if things do even out again (~.05c)

>>19994302
>shooting the messenger

Weird chain of events. A day ago Statera delisted. Balancer talks of attack vectors. Then 1 day later Flashloan attack.


totally a random hacker guys

All the people acting as if it was OBVIOUS this was a scam.

No, it wasn't. Because it isn't - this was a pretty unforseeable glitch.

Still holding and not anheroing, because kek I bought in day 1 and am still pretty high in the green.

Sucks for all the people who got fucked though.
This is a pretty fucking damn big exploit/hack (because we still don't really know what the fuck happened).

>>19994666
Devil confirms

Let's see what the hacker is doing now. Perhaps we fucked up when we tried to advertise. I wonder if it was one of the chainlinkers on this board or it's still one of the Balancer Lab devs who got Stonks and Statera delisted for "abusing their system"?

https://etherscan.io/address/0xbf675c80540111a310b06e1482f9127ef4e7469a

>>19994669
Yeah its almost 100% balancer guys who pulled this. Or they atleast fucked up by telling about it in a fucking discord group...

>>19994666
Doesn't mean that some random dude couldn't have used the devs talking about it openly as inspiration to look into and exploiting it. The Balancer devs probably shouldn't have talked about this openly but communicated this only to the STA team. And then either try to fix it or find a different solution.

>>19994800
Thats absolutely fucking stupid to talk about it in public. And they were not very nice when they told about it. It was basically balancer people telling statera and stonks team to fuck off and calling them shitcoins etc.

>>19994800

yeah, something is very fishy about all this.

Why wasn't there safeguards for massive changes in liquidity? Is this related to the one-coin button functionality?

>>19994734
It's hard to say. There are hackers that spend every waking moment trying to take people's money. It is open-source code, so exploits, if they exist, could be found by anyone with knowledge. They might have lurked in the discord and seen the devs talk about the exploits. The exploit that occurred was not exactly like what the devs described

>>19994861
Very possible. Why did it happen right now though? Why not during the 15c ATH, the 4 week crabbing or wait 1 more month to let the liquidity pool build up over 2M at least. Why try to steal RIGHT WHEN things were picking up and the developers showing open discomfort RECENT discomfort for Statera, why did they delist Statera after 4 weeks of pooling? just because of Stonks? fishy

This is so fucked. I am down a large amount. At this point I am just going to hold I don't even care if it goes to 0 what's the difference now. Still, I can't believe this happened. Why am I so dumb with my money.

Any official word from the Balancer team?

>>19994977
Don’t hold.

>>19994977
>At this point I am just going to hold I don't even care if it goes to 0 what's the difference now.
>Why am I so dumb with my money.
>At this point I am just going to hold I don't even care if it goes to 0 what's the difference now.
>Why am I so dumb with my money.
>At this point I am just going to hold I don't even care if it goes to 0 what's the difference now.
>Why am I so dumb with my money.
>At this point I am just going to hold I don't even care if it goes to 0 what's the difference now.
>Why am I so dumb with my money.
>Why am I so dumb with my money.
>Why am I so dumb with my money.
>Why am I so dumb with my money.
>At this point I am just going to hold I don't even care if it goes to 0 what's the difference now.
>Why am I so dumb with my money.

Any news on that dude who put like 100k into the pool? Has he killed himself yet?

>>19994954
The pool just reached $500k last night, so maybe they had a price target

>>19995067
He had pulled out half of it, so he only lost $50k, plus, I think most of that $100k was from swinging anyway, so I don't think the bank is going to take his house over this

>>19994977
god i know that feeling
i put in only what i was able to lose, but it still sucks losing it

Hey Ozymandias of economics who gamed the system, wanna give back the liquidity to our little project? Ty

>>19995067
>>19995100
He will probably still get a shit-ton of BAL, so as long as BAL doesn't tank, he will still have that to mitigate a portion of his losses

some whale should invest in a call centre full of pajeets to try and do the maths next time before investing 100 eth, the pajeets would do it for 1

I'm "lucky" to have gotten early. Took profits along the way, and I came out on top about $5k
Sucks that at some point it was 40k though. Hope all anons who lost money aren't ruined and just put in what they could afford to lose.

If it was the balancer guys who did this, fuck them, hope they really get sued and have to pay the statera team back (no idea how that would work, but still...)

If it was some random hacker, I honestly have to commend him. Yes it is a pretty shitty thing to do, but he outsmarted us all. And I think most of us browsing biz and investing in risky shitcoins already consider ourselves pretty smart.... well, I guess we aren't.

fellow STA-holding anons, here is my proposal for us to bounce back from this:

https://old.reddit.com/r/StateraToken/comments/hhnfm0/how_statera_can_still_recover/

> There has been some talk of fixing Balancer, forking balancer, or creating our own pool to balance funds. Even if that occurs, there is going to be a major challenge rebuilding community trust, given the hack and community members who lost (in some cases, considerable) money. This will create a major obstacle to rebuilding a robust pool of tokens that comprise the index fund.

> To offset the and bootstrap a new, healthy pool of tokens, my first suggestion is to reconsider the pool’s token composition in the pool. I would consider replacing one of the previous tokens with a project that has a higher potential ROI and ‘pumpamentals’, such as DMG (for example). There are several high quality tokens that can fulfill this role. Though it adds a bit more risk, it is a realistic way to bootstrap a new liquidity pool with a lower upfront investment of capital to the pool from the team/community.

>>19995471
there's nothing smart about getting lucky in shitcoin pump and dumps.
it's not exactly a dumb thing to do either because time it right and you can multiply your eth, but there's a lot of risk involved.

>>19995592

> I would also consider providing an incentive for community members who are still here from abandoning the project, or to motivate others to join (or re-join) the ecosystem. My suggestion is to create a governance token that will be used to determine the new composition of tokens in the pool, and airdrop it to all STA and BPT holders in proportion to how much they hold of those.

> In theory, if there are people that want a larger influence over what new token will be in the new pool, they have an incentive to buy more of the airdropped governance token somewhere like Uniswap. This should result in some level of value for the new governance tokens before a new pool is live, and (if the value of the governance tokens increase) perhaps a small portion of those airdropped can even be reserved to pay for the development of the new infrastructure

>>19995592
I am a believer!

>>19995613

> Depending on where the team sees Statera going in the future (assuming the project can move back on track), those tokens can also be used for the community to vote on other decisions/proposals affecting the ecosystem, and similar to BAL and COMP, can be earned by the liquidity providers in the new pool.

> If the team takes the decision to build its own balancer-like infrastructure, they/we could potentially even allow other projects like STONK to make custom pools with/for deflationary tokens, with the requirement that the pool has to hold some percentage of STA or the governance/ reward token.

I thought you guys were just being weirdos but maybe we should just use divination from now on. Someone ask the crystal ball where we're going

>>19995592
why not have multiple pools
we already had a second one for defi
why not proceed in the same way and have a higher risk pool as well?

>If your coin gets FUDded for weeks straight and then hacked for all it's liquidity, just keep buying and HODL
>-Winston Churchill

What did he mean by this?

>>19995653

That could work. I suggested making the alpha/first pool to be a little bit higher risk/reward under the assumption that the bad PR will make it harder to convince people to pool again, so we would have to do more with less capital, at least in the beginning

BALANCED. COM

>>19991453
I agree. That is the most logical scenario. 90% of cases of stolen funds are because the devs did it.

Any response from Balancer team?

>>19996185
No. Last I heard they kicked a STAbro for asking questions, and are still acting callous towards us like they have been for several days

>>19996265
Hope they realize this event is going to totally kill their pooling method. Why would anyone entrust funds to something knowing that they could all be gone in an instant, god knows how many other exploits could be floating around.

>>19996310

Yeah, if I ran a pool, I wouldn't care if a deflationary coin was used or not, 500k disappearing like that is bad optics. Pools are suppose to contain large sums of money.

>>19996310
>>19996386
Exactly. If I thought it was safe, I would find a pool and put my remaining funds in to try to recoup some of the money I lost in the pool, but there isn't a chance in hell I would put my money back in one of their pools

>>19996310
>>19996386
I say we let this play out for a few days, and if they don't find some way to make this right, we need to make sure everyone knows their pools aren't safe. It would give them incentive to try to help us.

>>19996486

That's what I'm sorta thinking as well. Balancer Labs has A LOT more to lose than I do. I'm thinking keeping a smaller stack.

>>19995004
>>19995014
Yeah, no, I realised that was dumb as soon as I said it.

I'm out now. Lost thousands. Feeling pretty unmotivated to keep trying with crypto.