Another Day. Another DeFi hack

twitter.com/ChainLinkGod/status/1251723302046846977

-Yesterday: The Uniswap imBTC/ETH pool gets hacked
-Toda: The LendfMe protocol get drained for $25 million

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Other urls found in this thread:

twitter.com/rleshner/status/1251717261888385025
blog.openzeppelin.com/aave-protocol-audit/
twitter.com/NSFWRedditVideo

That was me unironically lmao go fuck yourselves

what is reentrancy?

Is it really a hacker though? or someone smart enough to see through an exploit? Defi is turning out to he a huge fucking clusterfuck. Did these hacked projects have audited code by a company like chain analysis at least before intermediating with people's fucking money?

LendfME stole the code from Compound but assumed they were safe since Compound was audited lol

The difference is Compound doesn't support ERC777 tokens...which has a vulnerability.

twitter.com/rleshner/status/1251717261888385025

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Me wants a free $25mill =(

you alright make sure u dont fuck with sergay

Guys is aave vulnerable to any stupid shit
And can OpenZeppelin be trusted in this audit?
blog.openzeppelin.com/aave-protocol-audit/
Should I get all my money off tonight?

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There's always going to be risk involved. It's up to you if the rewards from lending/borrowing is worth it.

What does your gut tell you? be honest.

fuxking unbelievable

>What does your gut tell you? be honest.
Honestly my gut tells me the risks of an exploit / hack are acceptable for the potential gain of my long. That's why I'm asking if I should reappraise based. Is AAVE any safer from exploits that these two were? I thought my main risk was getting liquidated and I thought that was unlikely at my low liq price and the chainlink price feed. But a hack is (sorta) different

guys seriously i haven't bought coins in like two years
what should i go all in on?
should i wait any linger?

ETH

BTC
ETH
LINK

You can then mess around with shitcoins with like 5% of your roll.

Everyone who buys these retarded tokens deserves it.

All audits are done by literal basement dwellers, while the REAL professional software auditors are employed at banks for $500,000 a year.
DeFi is for low IQ retards.

good job

But Open Zeppelin is one of the biggest players in smart contracts. Wouldn't they be credible in their audit of Aave's smart contracts? I think I may exit my position...

So ethereum paid basement dwellers at chain analysis for their audits too huh

don't underestimate the power of autism, Yas Forums tracked down a terrorist compound based on the nearby scenery
this company's mistake was copying code, which is a dumb normie mistake

Yes
Ho Ho Ho MERRY 2016!!!!1

Who was that faggot from compound finance that got asshurt about chainlink?

Joey the cuck krung or something ? Or was it mike the dundas dumbass?

Their butthurt is so good, it's like McKiees asshurt on twitter.

That being said, I do enjoy Finrekt and ChainlinkGod

No privately owned addresses were compromised? Because if not... nothingburger

everything crypto are run by nobody failures roleplaying as pseudo bankers lmao

Guys seriously. Do I need to get out of AAVE? Is defi way more risky than I assumed? Obviously leverage is risky, talking about defi and aave specifically?

ye

I did and got to sell at $3.74

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Only if you are investing more than you can afford to lose

>Only if you are investing more than you can afford to lose
I can afford to lose it all but I don't want to obviously. The maxim really just applies to investing in general. So AAVE has no dangers inherent to it specifically rather than just buying on margin?

Link is gonna be >81k each, even one on AAVE is too much according to you.

WTF does this have to do with aave? Do they have erc777 token on their platform? If not, then what are you worried about? If you're worried about defi in general, just pull everything out and put it in your hardware wallet.

I don't know user I don't use the platform. You could try asking on the defi telegram but those guys can be annoying as fuck to deal with, seriously.

African American Vernacular English? Yes, for God's sake, man, GET OUT while you still can!

>some aspie's picture of a computer screen with a date change makes my prediction correct
i think your parents would be proud of you, if you manned a cash register at burger king.

Time for sergay to fix it

aave is not safe, no. it is GUARANTEED they get hacked, the question is when not if.

> makerdao MCD has critical bugs at launch
> bZx was a joke
> uniswap
> lendF.ME

aave doesnt even have a security page or multiple audits, are you kidding me? frens be careful, only trust systems once theyve been live for a long time and have many audits

>If you're worried about defi in general, just pull everything out and put it in your hardware wallet.
Thanks I did this. Made lots of link the past month but defi sketches me out... idk... I don't have the heart for anything but holding

I don't like burger King.

Thanks m8. I pulled out. Made a nice profit, but I'm done with it. Unfortunately I think you'll be proved right with time. They're on my ledger, around my neck, and now I'll sleep so much better

Probably a wise move. I do have high hopes for aave though, they seem to be on track to becoming the most reputable lending platform. But nothing will prove it except time