Happy ATH @ManifestTrade
Don't be psyopd into building proprietary closed source black box products. You can uphold the constitutional values of DeFi and still reach number 1.
I woke up this morning to the devastating news that FTX security was breached last night. It is not clear which parts have been compromised, but a general warning was issued by John Ray the new CEO. (1)
The core vision behind DeFi to bring transparency and open access to finance is today more relevant than ever and Iβm happy to be part of such a strong community that does not stop to fight for it, even in tough weeks like this one. (14)
The serum program update key was not controlled by the SRM DAO, but by a private key connected to FTX. At this moment no one can confirm, who controls this key and hence has the power to update the serum program, possibly deploying malicious code. (2)
1/ White hat hacker Th0mas from @Neodyme notified mango developers of a bug in the mango token sale pool at 9PM UTC on 09/08. @tjshipe and I immediately verified that no one used the exploit yet and secured the remaining 390,000 MNGO.
Serum is a special project. It inspired many of us to start building on Solana. Itβs the central order book for liquidity providers to backstop liquidations of all major lending protocols on Solana. (5)
To @avi_eisen,
You have demonstrated repeated disrespect for the DeFi community. You revealed your plan to pillage more and more protocols to do larger and larger βprofitable tradesβ as you call them.