A supply chain attack on the Ledger connector application has rippled throughout the world of decentralized apps, which widely use the software to enable people to connect their popular Ledger hardware wallets to perform transactions. Although hardware wallets are meant to be among the most secure ways to store crypto, they too are vulnerable to attacks when they are connected to perform transactions.A hacker was able to obtain access to Ledger's source code management tool and push out a new release that contained code that would drain wallets as users connect them. Because the library is so widely used, many crypto applications were vulnerable — including Revoke.cash, a security-focused project intended to help people guard against attacks on their wallets.CTO of the Sushi crypto project issued a broad warning: "Do not interact with ANY dApps until further notice." At least $600,000 has been drained from multiple users so far.
I think the thefts are priced in the value of the stolen coins so this says nothing about the liquidity. No idea how to properly look that up (and last time I tried it was oddly hard to find data on it, and the changes of it over time)
illiquid shitcoins are the order of the day. putting a spurious $ value on them is part of the scam. comes back to completely fuck them when it’s prosecution time tho, cos the $ values immediately push the crime into the highest sentencing bracket. here’s to mark-to-market!
In .nl the higher the crime bracket the more resources the police/persecution can also use to go after that crime (that is at least it was a while ago) why all dutch computer crime had pretty high prison times, as else they simply couldn’t be policed. Wonder if they also get themselves in trouble like that.
I think the thefts are priced in the value of the stolen coins so this says nothing about the liquidity. No idea how to properly look that up (and last time I tried it was oddly hard to find data on it, and the changes of it over time)
illiquid shitcoins are the order of the day. putting a spurious $ value on them is part of the scam. comes back to completely fuck them when it’s prosecution time tho, cos the $ values immediately push the crime into the highest sentencing bracket. here’s to mark-to-market!
In .nl the higher the crime bracket the more resources the police/persecution can also use to go after that crime (that is at least it was a while ago) why all dutch computer crime had pretty high prison times, as else they simply couldn’t be policed. Wonder if they also get themselves in trouble like that.