@Cesc0410
@Cesc0410
Permissionless exchanges are now starting to evolve onto the bitcoin side chain, the liquid network, you can now provide liquidity for different pairs on liquid and earn fees on trades, while not as lucrative as the scam token DEFI space I think it does provide some helpful options for those looking to move in and out of bitcoin -->> https://thebitcoinmanual.com/articles/liquidity-pools-liquid-network/ A liquidity pool is a crowdsourced pool of funds like bitcoin or a…
@Cesc0410
We are moving into very uncertain times economically with inflation raging all over the world, at the same time, central banks are trying to keep inflation down, by raising interest rates and those with debt are really starting to feel the burden of the money they have borrowed. The bank of England has already begun to pivot and intervene in the market while other central banks are watching the market closely. I really think once they do give in we are going to see money…
@Cesc0410
Yet another hack seeing people lose money in the crypto space, and how people fail to learn is beyond me -->> https://peakd.com/hive-167922/@chekohler/transit-swap-gets-rekt-for-usd21-million Transit swap lost roughly $21 million after a user found a nifty back door and walked right in, exploiting an internal bug on a swap contract, and was handsomely rewarded. According to Blockchain investigator Peckshield they narrowed down the issue to a compatibility mistake in the swap…
@Cesc0410
Apparently, word on SOL street is that Unknown hackers have been airdropping nonfungible tokens (NFTs) to Solana cryptocurrency users over the past two weeks while disguising them as a new Phantom wallet security update. https://leofinance.io/@chekohler/fake-nft-drops-used-to-scam-solana-morons Using NFTS called “PHANTOMUPDATE.COM” or “UPDATEPHANTOM.COM” and are posing as members of the Phantom team and informing users of a new security update. Read all about it in my latest…
@Cesc0410
I don't know how many more times solana and products on solana need to fail before people realise this shitcoin is only going one way and that's to zero, the latest hack has been quite a massive one --> https://leofinance.io/@chekohler/mango-markets-fresh-off-a-100-usdmillion-loss Mango Markets, a Solana-based Defi project offering borrowing, lending, and leverage trading, had some rotten code in its batch of juicy-juicy returns and a user was able to pick out a ripe old…
@Cesc0410
Another day another DEFI hack and another bunch of people get the pleasure of losing their money to another user who knows what they're doing, its hilarious and sad at the same time, but these shitcoins clearly are only there to rug pull its users https://leofinance.io/@chekohler/qanx-bridge-shot-down-for-usd1-6-million QAN is a layer 1 blockchain that claims to be quantum-resistant, but it wasn't idiot resistant as you can probably tell. QAN not only has its own blockchain…
@Cesc0410
Another day, another fail in the shitcoin market as Rabby wallet users found out the hard way when the swap feature on this wallet was opened up and a user was able to walk away with $200 000 of user funds -->> https://leofinance.io/@chekohler/rabby-wallet-users-get-rugged-via-their-swap-feature A user discovered an apparent vulnerability in the Rabby Swap smart contract that enabled them to arbitrarily transfer other users' funds. Rabby urged its users to revoke approvals…
@Cesc0410
I have no faith that people will learn that DEFI is only a scam to see you part with your money and when you put your money in these make believe protocols you are going to see some or all of it taken from you as did people who used Stax and TempleDAO -->> https://leofinance.io/@chekohler/stax-finance-hacked-for-usd2-3-million A user of the service discovered a vulnerability in the smart contract for the STAX project, which is built on the TempleDAO defi protocol. Due to…
@Cesc0410
Another day for ETH heads to see more funds stolen from another protocol, this time from Earn Finance, a small DEFI tool that was used for yield farming but the only one winning was the person who was able to walk away with nearly 750 ETH -->> https://leofinance.io/@chekohler/earning-farm-taken-for-for-nearly-a-usd1-million This week we saw one of these smaller DEFI projects called Earning.Farm lose 748 ETH (~$971,000) to a hacker using a flash loan attack. Find out how it…
@Cesc0410
A year ago In August 2021, DAO Maker (not to be confused with MakerDAO) was hacked for $7.38 million and they promised that within a year the would pay it back, and as a year comes rolling around they are singing a different tune -->> https://leofinance.io/@chekohler/dao-maker-tries-to-skimp-on-hacker-payments Now that year mark is approaching, and a report from Rekt News alleges that DAO Maker is trying to wiggle out of their promises through a governance vote, clearly…
@Cesc0410
Centralised exchanges are always going to be the first target of attack by governments when they don't like where capital is flowing or what's happening in these alternative markets and we have a prime example of that in the latest case with Bittrex -->> https://leofinance.io/@chekohler/bittrex-fined-for-violating-sanctions The U.S. Treasury Department announced fines against Bittrex, a U.S.-based cryptocurrency exchange. The Office of Foreign Assets Control (OFAC) announced…
@Cesc0410
When you're picking a wallet to store your cryptocurrency you better be sure about the software you use and do research on how it all works, or you could end up like bitkeep users -->> https://leofinance.io/@chekohler/bitkeep-couldn-t-hold-on-to-usd1-million In a story we've seen play out several times with #shitcoin wallets the Swap feature of the BitKeep crypto wallet suffered an exploit that landed a hacker more than $1 million worth of BNB.
@Cesc0410
Another day another so called "Web3" company giving away free money they weren't supposed to, it wouldn't be shitcoins if people didn't do stupid things with the make-believe money they create out of thin air -->> https://leofinance.io/@chekohler/syntropy-suckered-for-15-million-tokens The web3 company Syntropy who are supposed to be so fucking innovative and will change the way the web works suffered the loss of 15 million of their $NOIA tokens when they attempted to…
@Cesc0410
If you are going to use a centralised exchange to trade your digital assets you're only exposing yourself to risk and you don't understand why bitcoin is valuable, a lesson people will learn the hard way like in the case of the 3commas fail ->>https://peakd.com/hive-167922/@chekohler/ftx-3-commas-users-get-cleaned-out One user wrote they lost almost 104 BTC (~$2 million) from an account that they said they only ever connected to FTX a year ago, with an API key they had not…
@Cesc0410
I got an invite from one of the noise.cash peeps I follow to come over to this site and it seems hella confusing, why do they have another website and why is it invite only? How is this app different from noise.cash and what can you do here that makes it better? I can see the user experience looks better and seems like more work has been put into that but other than that what’s the buzz here? Do people still earn anything here or are we back to Jay posting for the fun of it?…