$3M stolen- BAYC Instagram Hack🦍
Hashing Bits | Week-17
Events Under the Spotlight 🔎
More than $13M stolen from DeFi platform Deus Finance
Deus Finance DAO is a decentralized bilateral OTC derivatives platform on Ethereum.
It suffered an oracle price manipulation attack which caused the platform to lose $13.4M.
‘Head Football’ on BSC rugged investors
‘Head Football’ on BSC rugged investors by dumping huge amounts of $HEAD tokens in the market and closing down all communication channels.
The price of $HEAD tokens fell 96%.
Univmoney Rug Pull
Univmoney on Avalanche network rugged investors as the contract deployer minted ~ 16 trillion $UNIV tokens and dumped them in the open market to profit $270K.
As a result, the value of $UNIV fell 100%.
The team deleted all social media channels, including Twitter, Discord, and the website.
ANA Rug Pull
ANA on BSC rugged by transferring many tokens to another wallet to cause a massive sell-off using PancakeSwap.
The $ANA price plunged 91%.
$3M in NFTs stolen as a result of BAYC Instagram hack
Bored Ape Yacht Club's (BAYC) Instagram handle was hacked to promote the NFT minting scam.
The scammers were able to steal four Bored Ape NFTs and other NFTs from related projects—seven from the Mutant Apes collection and three from the Bored Ape Kennel Club collection.
$3 Million worth of BAYC NFTs were stolen during the hack.
Anime Expo Twitter account hacked by NFT scammers
The Anime Expo gained control of its Twitter account after being hijacked to promote the NFT scam.
To the Numerophiles out there 🔢
Flipkart launches ‘Flipkart Labs’ to leverage metaverse and NFTs for commerce capabilities.
More From the Editor’s Desk ✍️
Social media indisputably plays a significant part in the current systems.
However, as the world moves to full digitalization, many changes will be made.
SocialFi is among the many imminent changes.
Is SocialFi The Next Buzzword For The Web3.0 Era?
Word on the Block📦
Centralized Network VS Decentralized Network
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