I said never again after the Multichain exploit. Fantom was a sinking ship in my mind, but the buzz, the hype—it pulled me back in. Against my better judgment, I dived in again, and now here I am, burned once more. Yesterday, I lost all my FTM holdings ($150, not a fortune but a very good dinner...) due to the Polter Finance exploit, Fantom's leading lending protocol, which just got hacked for $12 million...

The worst part? Polter’s smart contracts were basically recycled code from Geist with one tweak: they removed flash loans. How does this slip through an audit? SlowMist’s founder called it out—pointing to security flaws that shouldn't have made it out of testing. It's not just a rug; it's negligence.

I wanted to believe Fantom had moved past its security debacles, but this feels like the final straw. Are we just enabling a chain that's become a playground for exploits? I wonder—how many more times can Fantom survive before it’s truly dead?

What are your thoughts? Do you still trust FTM, or are you pulling the plug like I am?

Personally, I'm short selling FTM because I think that it will dump soon. That's not a financial advice. You can use my referral link below to short sell FTM like me on Hyperliquid (decentralized platform, referral code provides a discount on fees) or go long on FTM if you think that can pump - please DYOR:

https://app.hyperliquid.xyz/join/CRYPTOFAB

You can also watch my video below to learn more on this topic - in this video I show the status of DeFi protocols on Fantom, so watch until the end...