shocked to see crypto shit the bed again - massive DeFi supply chain attack draining wallets across multiple tokens because someone got into hardware wallet support software (web3isgoinggreat.com)
from dgerard@awful.systems to buttcoin@awful.systems on 14 Dec 2023 17:21
https://awful.systems/post/681794

#buttcoin

threaded - newest

Soyweiser@awful.systems on 14 Dec 2023 17:27 next collapse

At least $600,000 has been drained from multiple users so far.

As far as crypto heists go that isn’t much.

froztbyte@awful.systems on 16 Dec 2023 03:37 next collapse

I’ve been watching the last few and the numbers stay low. Not much money left in the casino, it would seem

Soyweiser@awful.systems on 16 Dec 2023 13:26 collapse

I think the thefts are priced in the value of the stolen coins so this says nothing about the liquidity. No idea how to properly look that up (and last time I tried it was oddly hard to find data on it, and the changes of it over time)

dgerard@awful.systems on 16 Dec 2023 14:30 collapse

illiquid shitcoins are the order of the day. putting a spurious $ value on them is part of the scam. comes back to completely fuck them when it’s prosecution time tho, cos the $ values immediately push the crime into the highest sentencing bracket. here’s to mark-to-market!

Soyweiser@awful.systems on 17 Dec 2023 17:47 collapse

In .nl the higher the crime bracket the more resources the police/persecution can also use to go after that crime (that is at least it was a while ago) why all dutch computer crime had pretty high prison times, as else they simply couldn’t be policed. Wonder if they also get themselves in trouble like that.

JohnBierce@awful.systems on 16 Dec 2023 08:04 collapse

But the laughter it brings us?

Priceless.

gerikson@awful.systems on 14 Dec 2023 18:21 next collapse

CTO of the Sushi crypto project issued a broad warning: “Do not interact with ANY dApps until further notice.”

Delete the final 3 words in that statement and we might be making progress.

bitofhope@awful.systems on 14 Dec 2023 18:48 next collapse

You’re laughing. A supply chain attack on the Ledger connector application has rippled throughout the world of decentralized apps, which widely use the software to enable people to connect their popular Ledger hardware wallets to perform transactions, and you’re laughing.

GunValkyrie@lemmy.world on 14 Dec 2023 19:19 collapse

Lol

fasterandworse@awful.systems on 14 Dec 2023 19:37 collapse

crypto reminds me of this time I was working for a digital agency and we landed a huge project to build a new from-scratch version of Australia’s biggest job site of the time. The delivery timeline was 3 months or so, but we kept going over. Each month we went over gave the client more time to change their mind on what had been built so far. The more they changed what was built the more bugs were created. By 8 months in it was clear that jira tickets were being created about 5x faster than they were being closed. Everyone knew it was impossible to finish. It became a standoff between agency and client to see who would give in first. We kept building and they kept throwing money at us. At one point our boardroom became a makeshift desk for 12 contractors.

Eventually the client gave in at the 12-month mark and had to sign-off on a successful delivery because our contract was written well enough to account for the effects of their meddling. We handed over a non-functional site and a couple of months later they paid another agency to re-skin their existing site.

Anyway… crypto and the idea that “we’ve just got to fix the bugs” reminds me of that.

self@awful.systems on 14 Dec 2023 20:54 collapse

ah, the clients nightmares are made of