After losing $3 million, instead of reporting it, they tried to negotiate a discounted return with the hacker. The on-chain world doesn’t offer that option.
After $3 million was stolen, they didn’t contact the cyber police or ask an exchange to freeze the funds. Instead, they left the hacker a message on-chain: “Could you give me 80% back? My whole retirement plan depends on it.” Buddy, once you hit send on an on-chain transaction, it’s set in stone. Begging won’t help.
This shows one thing: crypto investors’ understanding of asset security is still stuck at “just make your password complicated.” If your private keys aren’t in your hands, you don’t regularly revoke approvals, or you connect to random hot networks, any one of those weak links can cost you. Whether it’s BTC or an altcoin, your money can leave your wallet faster than you can react with a mouse click.
But where does the money go? Capital votes with its feet faster than anyone. ARB has fallen to $0.18. The L2 sector has been talking about a boom for two years, but TVL is falling instead of rising; developers have left, and users haven’t followed. INJ is at $7.24, down more than 70% from its peak. Institutions cleared out long ago, leaving retail investors to fight among themselves. These two chains have the same problem: the narrative came first, the product never materialized, and capital won’t stick around.
Why does Lao Ma’s Puppy keep talking about self-custody and regularly revoking approvals? Because every person who learns the difference between approve and revoke is one less unlucky soul writing a plea to a hacker.
Keep an eye on ARB at $0.18 tonight. If it breaks below that level, the next stop is $0.15.
🐶 Let’s check out Lao Ma’s Puppy together ✨🚀
After $3 million was stolen, they didn’t contact the cyber police or ask an exchange to freeze the funds. Instead, they left the hacker a message on-chain: “Could you give me 80% back? My whole retirement plan depends on it.” Buddy, once you hit send on an on-chain transaction, it’s set in stone. Begging won’t help.
This shows one thing: crypto investors’ understanding of asset security is still stuck at “just make your password complicated.” If your private keys aren’t in your hands, you don’t regularly revoke approvals, or you connect to random hot networks, any one of those weak links can cost you. Whether it’s BTC or an altcoin, your money can leave your wallet faster than you can react with a mouse click.
But where does the money go? Capital votes with its feet faster than anyone. ARB has fallen to $0.18. The L2 sector has been talking about a boom for two years, but TVL is falling instead of rising; developers have left, and users haven’t followed. INJ is at $7.24, down more than 70% from its peak. Institutions cleared out long ago, leaving retail investors to fight among themselves. These two chains have the same problem: the narrative came first, the product never materialized, and capital won’t stick around.
Why does Lao Ma’s Puppy keep talking about self-custody and regularly revoking approvals? Because every person who learns the difference between approve and revoke is one less unlucky soul writing a plea to a hacker.
Keep an eye on ARB at $0.18 tonight. If it breaks below that level, the next stop is $0.15.
🐶 Let’s check out Lao Ma’s Puppy together ✨🚀
