the degen diaries - july 5

the degen diaries - july 5

By degenny | the degen diaries | 12 hours ago


so apparently the entire crypto industry was one stale-cache bug away from a $70 billion fireworks show yesterday. wrong kind of 4th of july show.

some white hat hackers at hexens found a flaw buried in aptos that let them trick the system into thinking one type of onchain resource was a totally different one.

they spun up a $3,000 server to test it.

ran the exploit path about 20 times.

it worked 17 or 18 of those times. a 90% hit rate on a bug that could've reached bridges, stablecoins, defi, basically everything.

nobody lost a dollar in the end. aptos found out back in february and patched it within hours, they just went public with the details yesterday.

but the math is what gets me. $3,000 in server costs standing next to a $70 billion worst case scenario.

that's the entire personality of this industry in one sentence.

meanwhile i'm out here paying more than that in gas fees trying to ape a coin that's already dead πŸ’€

full breakdown is here if you're into that kind of chaos


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p.s its weekend yall eat your greens and enjoy yourselves! my gal jess is lookin fine (she’s on triple broccoli diet these days πŸ₯¦ πŸ₯¦πŸ₯¦)

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degenny
degenny

crypto degen class of 21 πŸš€ nfts, memes & terrible decisions. the girl your mom warned you about (basically)


the degen diaries
the degen diaries

highlighting crypto scams, rugs, and hacks to keep my fellow degens safe. nobody else is standing up for us so im stepping to the plate!

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