#SlowMist — Zipp

Balance stablecoin crashes 99% after $912K oracle exploit

1h ago

Balance stablecoin crashes 99% after $912K oracle exploit

The attacker netted under $1M, but the mechanism (an unguarded oracle write with no liquidation delay) is the real warning for every BTC-collateralized lending book.

CoinDesk

SecondFi Exploit Drains $2.4M from Cardano Wallets in 3 Attacks

🩸BEARISH

27d ago

SecondFi Exploit Drains $2.4M from Cardano Wallets in 3 Attacks

The flaw sat in SecondFi's address-generation layer, so moving a seed phrase to a new wallet offers zero protection, and SlowMist's wider loss estimate is the number every ADA holder is reading now.

CoinDesk

SecondFi Hack May Top $20M as Cardano Wallet Flaw Exposes ADA

🩸BEARISH

28d ago

SecondFi Hack May Top $20M as Cardano Wallet Flaw Exposes ADA

SlowMist's founder reads the on-chain fund flows and lands on a higher number than the project's own preliminary estimate, and a single bad wallet generator is what opened the door.