An X user reports that Swell’s hot wallet was hacked, and an oracle bot is maliciously pushing prices up by 1% every hour, with no ETH staking to back it.
The hot wallet was hacked, yet prices are still being pushed up by 1% every hour with no staking behind them. This makes a mockery of “security.” No matter how hot the LSD sector gets, it can’t withstand a collapse of trust like this. If on-chain data can be faked, who would still trust it?
$SWEEL #Web3Security
The hot wallet was hacked, yet prices are still being pushed up by 1% every hour with no staking behind them. This makes a mockery of “security.” No matter how hot the LSD sector gets, it can’t withstand a collapse of trust like this. If on-chain data can be faked, who would still trust it?
$SWEEL #Web3Security