Did you buy Raave yesterday? If so you're waking up to losing around 2/3rds value. The big lesson here is that if you like a new project dollar cost average into it. I lose money for you so you don't have to.
Raave sounds like an awesome idea on paper. Their marketing was on point. You had all the big guys out here shilling it: Altcoin Daily, Voskcoin, UP Next Crypto. They got paid heavily to talk about this project. Wonder if they gave it back overnight. I jumped in myself turned 6 ETH into 2 ETH.
OFFICAL CHATTER FROM TELEGRAM:
🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer, [08.02.21 11:24]
[Forwarded from 🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer]
IMPORTANT: If you have LP tokens staked in the farming contracts withdraw them to the UNI LP Token
🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer, [08.02.21 11:24]
[Forwarded from 🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer]
It's an exploit related to the farming contract, if you hold Uniswap LP tokens you're fine, but don't hold them in the farming contract.
🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer, [08.02.21 11:24]
[Forwarded from Rodrigo Ferreira]
This is what happened:
Attacked deposited a single asset 19,900,000,000,000 rAXZZ into rAXZZ/GRO
https://etherscan.io/tx/0x47cc8504f870020d5e5a8a5f0e2c242cc790b7fbc0dffb183e2f20a668fc076e
Which granted him 5056 UNI-V2 shares for rAXZZ/GRO
The stkGRO/rAAVE contract took those as UNI-V2 rAAVE/GRO shares as paid the attacker 14513 stkGRO/rAAVE for that
Withdrawal
https://etherscan.io/tx/0xa3d64cd6541657c86331c8b1b037ad184216610d3653af9b7909601981ec32c1
Once he withdrew the 14513 stkGRO/rAAVE he got a hold of th 5056 rAAVE/GRO
Fake token rAXZZ
https://etherscan.io/token/0x409feaea793bc4346b069ee9ba90a23a3ed1982a
🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer, [08.02.21 11:25]
[Forwarded from 🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer]
The exploit is over
🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer, [08.02.21 11:25]
[Forwarded from 🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer]
The Liquidity is held in Uniswap LP tokens now, not in the farming contract
🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer, [08.02.21 11:25]
[Forwarded from 🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer]
If you're in a LP please WITHDRAW to a UNI LP token ASAP
So now what? I withdrew my Uni LP tokens out of the farming contract which doesn't seem to be working with an APY yet.
🌱 SafeGROWTH 🌱 - I'll never DM first - gToken HODLer, [08.02.21 12:17]
[In reply to hall monitor]
It was mitigated by pulling the Liquidity out of the farming contract.
Don't trip out guys this is Crypto. Even legit projects get hacked and it makes them better for it. Think of Nice Hash they got hacked really big but paid back everyone. Right now I just feel bummed I lost out from gas from withdrawing from the farm contracts and having to put it back in later. Especially with the 10% in 10% out thing. There are some questions that still need to be brought to light. And just gonna HODL rn. See how this plays out. Something I like is how it was Identified and squashed so early. Positivity is good right now don't worry and don't sell for a loss just yet.
Ask if you have any questions!
