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/biz/ - Business & Finance

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28647572 No.28647572 [Reply] [Original]

If you guys didnt hear there was a 37 million defi hack early this morning someone exploited cream through alpha homora fake contracts. The result was the iron bank giving out an uncollateralized loan worth 37.7m of eth and stables to what it thought was alpha homera. 13k eth was stolen from the iron bank and laundered through tornado.cash. yfi taking a 10% hit. alpha is also taking very heavy losses, might even go full rug. fortunatly this happened in a bull market. information coming in on the hour. flash loans from aave were used in the attack so aave also taking a dip. Compound looks to be the only lp not taking heavy losses from this fallout. Alt season might be over guys maybe we should invest in the shitcoin boom?

>> No.28647869

>>28647572
UNN or defi insurance is probably a good alpha play right now.

>> No.28648067

>>28647572
Now is the time to buy EDR, PLT, ALGO, HBAR.

Truly secure DeFi