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So, just over 200 million dollars is gone from Cetus’ liquidity pools. Damn. Time to call the insurance broker and make a claim. Just play it cool on the phone. Right?
Wrong, of course. In crypto, the exploit is just the first shot fired. The ambush that takes you off guard. Keep your head up, and you’ll find that the attacker still has a long road ahead of them to navigate their massive bag through the ecosystem and cash out.
And that ecosystem, well, it isn’t inclined to make things easy. When every validator, and every stake holder is against you, every second counts to get your bag out before you get frozen, or worse.
This is the story of an ecosystem coordinating to recover the funds it lost. But how does that happen? And what does it mean when, acting together, it can seize tokens from an address?
We’re glad to be back and philosophizing. Just don’t ask us how liquidity pools work again.
By NYCPSo, just over 200 million dollars is gone from Cetus’ liquidity pools. Damn. Time to call the insurance broker and make a claim. Just play it cool on the phone. Right?
Wrong, of course. In crypto, the exploit is just the first shot fired. The ambush that takes you off guard. Keep your head up, and you’ll find that the attacker still has a long road ahead of them to navigate their massive bag through the ecosystem and cash out.
And that ecosystem, well, it isn’t inclined to make things easy. When every validator, and every stake holder is against you, every second counts to get your bag out before you get frozen, or worse.
This is the story of an ecosystem coordinating to recover the funds it lost. But how does that happen? And what does it mean when, acting together, it can seize tokens from an address?
We’re glad to be back and philosophizing. Just don’t ask us how liquidity pools work again.