So, the Lazarus Group just hit Kelp, right? They probably shorted AAVE right after the new protocol dropped. Crazy timing with that fake rsETH dump... Coincidence? I think not.
Did North Korean Hackers Just Score Big with Aave?
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chris_maxiNewbie
Posts: 219 · Reputation: 36
#2Jun 2, 2019, 05:06 PM
They're really squeezing profits from every angle. But like, this only happens because the contract gets hacked in the first place. Heard the white hat hunters are getting seriously underpaid... We should be paying those guys more to avoid these hacks.
Nah, I doubt white hats could've done anything here. It's not even a code bug. Just not enough validators. Totally different issue.
chris_maxiNewbie
Posts: 219 · Reputation: 36
#4Jun 5, 2019, 06:15 PM
True that, no code issue here. But yeah, the white hats getting peanuts for risking millions is wild. They only got like 3k for saving a ton of cash. And honestly, people were already skeptical about the 1/1 DVN setup before this rsETH mess.
Every time there's a hack, panic spreads like wildfire among investors. They just bail and accept their losses. Plus, Lazarus is mixing their stolen cash like pros, making it hard to trace.
It's all pretty straightforward. They found a loophole, drained the collateral, and then bad news hit, causing people to sell off. No wonder folks are losing faith in DeFi.
atomicstackSenior Member
Posts: 37 · Reputation: 891
#7Jun 7, 2019, 02:25 AM
Seriously, no more blaming North Korean hackers! This is just ridiculous!