127,426 BTC worth $3.5B in 2020 vanished from LuBian’s mining pool in one of the largest single-event crypto thefts ever. 5 years later, it’s a $14.8B ghost heist - uncovered by @arkham - still sitting untouched on-chain. Now the top spot Rekt’s on leaderboard. Story below.

This is a call. If your protocol has TVL, users, or ambition, you’re already a target. And if you think your old audit will save you, read our archives. The Rekt Audit Broker is open. We're taking new projects. You’ll be introduced to auditors with real track records. Are you ready for the front page? Or would you rather fix it before we write it?

Someone asked me today if I have any controversial opinions on DeFi. Well here it is, beautifully put by @RektHQ: “You think you’re the player, but you’re just an NPC in someone else’s game. Gamified finance pays its architects well in this era where exit liquidity isn’t just harvested - it’s manufactured, optimized, and delivered on demand.” And today, it’s not just driven by greedy humans, it’s also fueled by conscience-lacking, efficient and never-tired AI bots. And while this used to happen only somewhere out there, far in the trenches (which if you’re smart enough you should stay away from)... Not anymore. The SocialFi narrative driven by “mindshare” now got AI bots flooding all our timelines. All for squeezing as much cash as possible at TGE. The cycle always repeats, the scams are the same, but the narrative that’s masking them is different. 🚩 YOU are the exit liquidity. But I don’t think that’s controversial. It’s just the truth. I can chat all day about the things that excite me about DeFi, but as bright as my hopes are, the reality we’re in today is just as dark. (Probably even darker) This is why I believe institutions coming to DeFi is the best news of this cycle. RWAs backing real, sustainable yield for users, built brick by brick by protocols that still care about security, care about regulation, and care about the long-term vision. Few. P.S. this newspaper is a limited edition I got at @stable_summit but if you’re in crypto and you haven’t already read every article on @RektHQ, you absolutely have to.

An attacker used crafted swapData to trigger arbitrary calls through a trusted rebalancer contract, draining $3.6M from user vaults. The exploit hit during a pause cool down, leaving @ArcadiaFi unable to intervene before the funds were bridged out. Story below.

$42M appeared to vanish from @GMX_IO V1 - July 9 via cross-contract reentrancy exploit introduced by a 2022 bug fix. Attacker manipulated globalShortAveragePrices to inflate GLP pricing, but funds were later recovered in coordinated disclosure - $5M bounty paid. Story below

$42 M appeared to vanish from @GMX_IO V1 - July 9 via cross-contract reentrancy exploit introduced by a 2022 bug fix. Attacker manipulated globalShortAveragePrices to inflate GLP pricing, but funds were later recovered in coordinated disclosure - $5M bounty paid. Story below

Your feed is lying to you - and you know it. We just turned Rekt News's algorithm inside out with @gizatechxyz, now every article carries a cryptographic receipt you can actually verify. Black boxes are dead. Crack yours open.

+1,888 comments and 1,636 tips on this one… kinda crazy 😳

The CEO of TON promised UAE Golden Visas for $100K staked + $35K fees. Three federal regulators fact-checked him in 48 hours, revealing zero licenses or partnerships. From definitely real to communication clusterbleep before most investors knew what hit them. Story below

You can now tip the 🐸 @RektHQ never forgets the good boys, of course 👀