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web3 is going just great

@web3isgreat@indieweb.social

mastodon 4.7.3

tracking only some of the many disasters happening in crypto, defi, NFTs, and other blockchain-based projects since 2021 • created by @molly0xfff@hachyderm.io

38845 Followers

1 Following

44 Posts

Joined April 28, 2022

site:

https://web3isgoinggreat.com/

twitter:

https://twitter.com/web3isgreat

bluesky:

https://bsky.app/profile/web3isgoinggreat.com

weekly(ish) recaps:

https://www.citationneeded.news/tag/weekly-recaps/

web3 is going just great @web3isgreat@indieweb.social

· 2w ago

Single attacker steals $2.25 million from three crypto projects in the "Artificial Superintelligence Alliance" September 20, 2026 https://www.web3isgoinggreat.com/?id=fetchai-nunet-and-singularitynet-theft

Web3 is Going Just Great

Single attacker steals $2.25 million from three crypto projects in the "Artificial Superintelligence Alliance"

One attacker stole crypto tokens from three cryptocurrency projects that are part of what's called the "Artificial Superintelligence Alliance" — a group of crypto projects "dedicated to decentralized Artificial General Intelligence". The attack occurred within just one day, netting around $2.25 million in actual profits, though the stolen tokens were notionally priced considerably higher.Most of the profits came from stolen FET tokens, which are linked to Fetch.ai. The attacker was also able to

web3 is going just great @web3isgreat@indieweb.social

· 2w ago

Projects on the defunct Neutron chain lose $1.8 million to governance attack, Cosmos Hub halts chain September 22, 2026 https://www.web3isgoinggreat.com/?id=neutron-governance-attack

Web3 is Going Just Great

Projects on the defunct Neutron chain lose $1.8 million to governance attack, Cosmos Hub halts chain

Neutron, a blockchain in the Cosmos ecosystem that entered maintenance mode in June, suffered a governance attack when someone spent $20,200 to acquire enough NTRN governance tokens to pass a vote allowing them to take control of the Neutron-based Astroport and Drop applications, whose contracts contained a combined $9.5 million in assets.Neutron was paused shortly after the attack, and validators subsequently paused the entire Cosmos Hub network. Together, the pauses prevented the attacker from

web3 is going just great @web3isgreat@indieweb.social

· 3mo ago

Thief steals remaining 7,200 unsold The Kiss NFTs in digital museum heist June 2, 2026 https://www.web3isgoinggreat.com/?id=thief-steals-remaining-unsold-the-kiss-nfts

Web3 is Going Just Great

Thief steals remaining 7,200 unsold The Kiss NFTs in digital museum heist

Remember when Austria's otherwise respectable Belvedere Museum sold 10,000 NFTs representing postage-stamp sized sections of Gustav Klimt's The Kiss for like $2,000 a pop? No? Don't worry, I've got you.Only about a quarter of them ever sold, leaving about 7,200 of them on the digital shelves. That is, until they were stolen (or, as the museum put it, "transferred from the wallet without authorization"). If valued at their sale price the stolen NFTs would be worth €13.32 million (US$15.3 million)

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

Boosted by @crazyeddie@mastodon.social

Hyperbridge exploited two weeks after April Fools' hack joke April 13, 2026 https://www.web3isgoinggreat.com/?id=hyperbridge-exploit

Web3 is Going Just Great

Hyperbridge exploited two weeks after April Fools' hack joke

On April Fools' Day, the Hyperbridge blockchain bridge project posted a tweet claiming that the North Korean Lazarus hacking group had drained $37 million from the project. A linked blog post contained a Rickroll GIF and an explanation of "Why Hyperbridge can't be hacked".The following day, a Hyperbridge developer posted a screenshot of a blockchain transaction, writing "Lmao the uniBTC exploiter is testing Hyperbridge. I hope you have a quantum computer bro". Another commenter replied, "Rule #1

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web3 is going just great @web3isgreat@indieweb.social

· 4mo ago

Boosted by @hypebot@goingdark.social

Largest North American bitcoin ATM operator, Bitcoin Depot, files for bankruptcy May 18, 2026 https://www.web3isgoinggreat.com/?id=bitcoin-depot-bankruptcy

Web3 is Going Just Great

Largest North American bitcoin ATM operator, Bitcoin Depot, files for bankruptcy

Bitcoin Depot has filed for Chapter 11 bankruptcy. The company operates a fleet of kiosks at retail locations that allow customers to purchase bitcoin with cash. Bitcoin Depot announced in a press release that its 9,700 kiosks – primarily located at gas stations and convenience stores – had already been taken offline.The company's bankruptcy filing reports between $10 million and $50 million in both assets and liabilities. In a recent financial disclosure, the company had reported a 49% year-ove

web3 is going just great @web3isgreat@indieweb.social

· 8mo ago

Bithumb accidentally gives away $44 billion to customers

February 7, 2026
https://www.web3isgoinggreat.com/?id=bithumb-giveaway-error

Web3 is Going Just Great

Bithumb accidentally gives away $44 billion to customers

The South Korean cryptocurrency exchange Bithumb disclosed that it had accidentally given its customers more than 620,000 BTC (~$44 billion) in a promotional event gone wrong. Intending to reward each customer with at least ₩2,000 (~$1.40), the exchange accidentally rewarded each customer at least 2,000 BTC (almost $140 million).The exchange announced that they had recovered 99.7% of the erroneously awarded tokens, leaving around 1,860 BTC (~$130 million) unaccounted for.The incident has drawn f

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web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

Crypto stolen from Korean authorities after they post wallet seed phrase

February 26, 2026
https://www.web3isgoinggreat.com/?id=crypto-stolen-from-korean-authorities-after-they-post-wallet-seed-phrase

Web3 is Going Just Great

Crypto stolen from Korean authorities after they post wallet seed phrase

When Korean authorities posted a photograph of seized cash and other items from a police raid, they included photos of cards containing crypto wallet seed phrases, which were proudly arranged on the table next to Ledger hardware wallets for the photo op. Because it only takes a seed phrase to gain control of a crypto wallet, someone who saw the press release quickly acted to move around 4 million PRTG tokens from the wallet. The tokens are notionally worth $4.9 million, although the token is not

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

Trader loses almost $50 million in Aave swap gone wrong

March 12, 2026
https://www.web3isgoinggreat.com/?id=aave-swap-loss

Web3 is Going Just Great

Trader loses almost $50 million in Aave swap gone wrong

A trader using the Aave interface attempted to swap $50 million USDT for AAVE. However, due to the enormous size of the order, the purchase had dramatic impact on the aave price. The Aave interface warned the customer about the price impact, and the trader clicked a checkbox to accept the order terms. Ultimately, they received only 324 AAVE (~$37,600) in return for their $50 million, losing 99.9% of their assets in the process.The Aave founder offered to refund the user the $600,000 in fees coll

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

South Korean prosecutors lose $22 million of seized crypto to the wallet inspector, later recover it

February 19, 2026
https://www.web3isgoinggreat.com/?id=phishing-attack-on-south-korean-prosecutors

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

Boosted by @hypebot@goingdark.social

Bitcoin Depot hacked for $3.67 million April 6, 2026 https://www.web3isgoinggreat.com/?id=bitcoin-depot-hack

Web3 is Going Just Great

Bitcoin Depot hacked for $3.67 million

Bitcoin ATM operator Bitcoin Depot has disclosed a March 23 hack in which attackers stole 50.903 BTC (~$3.67 million) from company wallets. According to the company's disclosure with the SEC, the exploiters gained access to the company's IT systems and wallet credentials, allowing them to steal the assets.Bitcoin Depot is the largest operator of crypto ATMs globally and in the United States, with approximately 8,700 kiosks in the US and 9,200 worldwide.

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

Users lose $9.5 million to fake Ledger wallet app on the Apple App Store

April 13, 2026
https://www.web3isgoinggreat.com/?id=fake-ledger-app

Web3 is Going Just Great

Users lose $9.5 million to fake Ledger wallet app on the Apple App Store

After a fake version of the Ledger cryptocurrency wallet app made it onto the normally highly curated Apple App store, customers lost $9.5 million dollars to the malicious product. Believing it was a genuine Ledger product, people entered their seed phrases into the app, then discovered their wallets were immediately drained.One victim, a musician who goes by G. Love, wrote: "I lost my retirement fund in a hack/Scam when I switched my Ledger over to my new computer and by accident downloaded a m

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

USR stablecoin depegs in $24 million exploit

March 22, 2026
https://www.web3isgoinggreat.com/?id=usr-stablecoin-depeg

Web3 is Going Just Great

USR stablecoin depegs in $24 million exploit

The Resolv USD stablecoin, also known as USR, lost its intended dollar peg and dropped to around $0.14 after an exploiter was able to mint and sell tens of millions of unbacked tokens. USR is an asset-backed stablecoin that uses cryptoassets like bitcoin, ETH, and other stablecoins as collateral.An exploiter took advantage of a flaw in USR's minting code to create tens of millions of USR tokens without depositing any assets to back them. The attacker then sold the unbacked USR, crashing the stab

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

Transit Finance hacked for $1.88 million

May 13, 2026
https://www.web3isgoinggreat.com/?id=transit-finance-hack

Web3 is Going Just Great

Transit Finance hacked for $1.88 million

Transit Finance was exploited for $1.88 million after an attacker exploited a "legacy contract" on the TRON blockchain that the project said was deprecated in 2022. "Historical vulnerabilities within it" were exploited, the project explained, allowing the attacker to steal $1.88 million.Transit was previously exploited in 2022 for $21 million, although around 70% of the stolen assets were later returned.

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

Wasabi Protocol exploited for more than $5 million

April 30, 2026
https://www.web3isgoinggreat.com/?id=wasabi-protocol-exploit

Web3 is Going Just Great

Wasabi Protocol exploited for more than $5 million

The Wasabi Protocol defi derivatives platform has been exploited for more than $5 million across multiple blockchains. The attack has been attributed by blockchain security firms to a compromised admin key, which allowed the attacker to upgrade contracts to steal assets.

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

TAC bridge exploited for $2.8 million

May 12, 2026
https://www.web3isgoinggreat.com/?id=tac-bridge-exploit

Web3 is Going Just Great

TAC bridge exploited for $2.8 million

The TAC bridge, which bridges assets from the Ethereum blockchain to the Telegram-linked TON chain, was exploited for $2.8 million. The project paused the bridge and announced they were investigating.The project has announced they intend to "restor[e] bridge liquidity through a legally structured sale of Foundation's TAC token treasury reserves."

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

Boosted by @stux@mstdn.social

Drift exploited for $280 million April 1, 2026 https://www.web3isgoinggreat.com/?id=drift-exploit

Web3 is Going Just Great

Drift exploited for $285 million

The Solana-based Drift defi perpetual futures exchange was exploited for $285 million. The project alerted the community on social media, writing: "Drift Protocol is experiencing an active attack. ... This is not an April Fools joke."The project later described the exploit as "a novel attack involving durable nonces, resulting in a rapid takeover of Drift's Security Council administrative powers." Once the attacker had access to admin capabilities, they quickly eliminated risk management limits

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

TrustedVolumes suffers $6.7 million exploit

May 6, 2026
https://www.web3isgoinggreat.com/?id=trustedvolumes-exploit

Web3 is Going Just Great

TrustedVolumes suffers $6.7 million exploit

TrustedVolumes, a resolver and market maker used by 1inch and other defi platforms, suffered a $6.7 million exploit after an attacker was able to steal funds without proper validation. The thief then swapped the stolen wETH, USDT, wBTC, and USDC through ChangeNow and converted them to ETH to evade freezes.Blockchain research firm Blockaid has linked the attacker to a similar exploit in March 2025 that saw $5 million drained from 1inch. This time, 1inch has asserted that although they use Trusted

web3 is going just great @web3isgreat@indieweb.social

· 2mo ago

42DAO's Balance Coin algorithmic stablecoin crashes after $912,000 theft July 21, 2026 https://www.web3isgoinggreat.com/?id=balance-coin-algorithmic-stablecoin-crashes

Web3 is Going Just Great

42DAO's Balance Coin algorithmic stablecoin crashes after $912,000 theft

Balance Coin, a small algorithmic stablecoin built on BNB Chain, lost its dollar peg and crashed to fractions of a cent after an attacker successfully exploited a flaw in its pricing logic. The attacker was able to trick the system into accepting an incorrectly low bitcoin price, which they then used to drain multiple vaults used by the project's lending protocol.The attacker ultimately profited by about $912,000, consisting of funds stolen from 42DAO, the entity that runs the Balance protocol.

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

Kelp DAO bridge hacked for $292 million

April 18, 2026
https://www.web3isgoinggreat.com/?id=kelp-dao-hack

Web3 is Going Just Great

Kelp DAO bridge hacked for $292 million

An attacker stole 116,500 rsETH (restaked ether) from a blockchain bridge run by Kelp DAO. Based on prices at the time of the theft, the stolen tokens would be worth around $292 million — however, the attacker is likely to face challenges selling a quantity of tokens that amounts to 18% of rsETH's circulating supply.When tokens are bridged from one chain to another, the tokens on the original chain are locked in the bridge smart contract while the token is used on the other chain, preventing its

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

Aave faces approximately $200 million in bad debt after Kelp DAO bridge exploit

April 19, 2026
https://www.web3isgoinggreat.com/?id=aave-bad-debt

Web3 is Going Just Great

Aave faces approximately $200 million in bad debt after Kelp DAO bridge exploit

The Aave defi lending protocol is grappling with anywhere from $177 million to $236 million in bad debt after the Kelp DAO bridge exploiter used Aave to cash out their stolen rsETH. Rather than selling the tokens, the attacker used the rsETH as collateral to borrow wETH, leaving Aave stuck with the huge quantity of unbacked rsETH. Although Kelp and Aave both froze affected markets, the attacker had already cashed out. The attacker borrowed essentially all of the wETH available on the platform, l

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

Polish Zondacrypto exchange stops processing withdrawals amid possible insolvency

April 25, 2026
https://www.web3isgoinggreat.com/?id=zondacrypto-withdrawal-halt

Web3 is Going Just Great

Polish Zondacrypto exchange stops processing withdrawals amid possible insolvency

The Polish cryptocurrency exchange Zondacrypto faced complaints that withdrawals were not being processed as far back as December 2025, but the crisis seems to have escalated. CEO Przemysław Kral attempted to assuage insolvency fears by pointing to a cryptocurrency wallet containing around 4,500 BTC (~$330 million) as proof of assets, but he also admitted that the keys to the wallet were known only to the exchange's previous CEO and not transferred during the company's 2021 sale. The former CEO

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

CoW Swap users lose estimated $1.2 million after DNS hijacking

April 14, 2026
https://www.web3isgoinggreat.com/?id=cow-swap-dns-hijacking

Web3 is Going Just Great

CoW Swap users lose estimated $1.2 million after DNS hijacking

Users who visited the website for the CoW Swap DEX aggregator on April 14 were unknowingly redirected to a malicious website that drained their crypto wallets. An attacker was able to socially engineer CoW Swap's domain registrar, allowing them to redirect visitors to a malicious site for a period of several hours. CoW Swap has estimated that people who used the service during that time lost around $1.2 million.

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

Ekubo exploited for $1.4 million

May 5, 2026
https://www.web3isgoinggreat.com/?id=ekubo-exploit

Web3 is Going Just Great

Ekubo exploited for $1.4 million

The Ekubo automated market maker infrastructure project experienced a $1.4 million theft after attackers were able to take advantage of a smart contract that improperly verified permissions. They stole 17 wBTC ($1.4 million), which they swapped for ETH and laundered via Tornado Cash.

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

Thief pilfers NFTs priced at $230,000 from Gondi

March 9, 2026
https://www.web3isgoinggreat.com/?id=gondi-theft

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

RaveDAO accused of pump-and-dump as token crashes 98%

April 18, 2026
https://www.web3isgoinggreat.com/?id=ravedao-accused-of-pump-and-dump

Web3 is Going Just Great

RaveDAO accused of pump-and-dump as token crashes 98%

Binance and BitGet have confirmed they are investigating allegations that RaveDAO orchestrate a pump-and-dump to push its RAVE token price from around $0.25 to more than $27 over the past few weeks, before the token price plummeted back down to $0.66. Concerns were first raised by blockchain investigator zachbxt, who called on the exchanges to investigate. He later wrote, "While it's good the exchanges responded, I find it unlikely this activity wasn't spotted internally before I raised it publi

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

BlockFills goes bankrupt

March 15, 2026
https://www.web3isgoinggreat.com/?id=blockfills-goes-bankrupt

Web3 is Going Just Great

BlockFills goes bankrupt

Approximately a month after halting deposits and withdrawals, citing liquidity issues and "recent market and financial conditions", the American crypto lender BlockFills has filed for bankruptcy. Filings in Delaware bankruptcy court reveal the company has between $50 million and $100 million in assets and between $100 million and $500 million in liabilities. The list of creditors include customers like 007 Capital and Artha Investment Partners, and the firm has a $4.75 million loan outstanding t

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

Balancer Labs shuts down after $110 million hack

March 24, 2026
https://www.web3isgoinggreat.com/?id=balancer-labs-shuts-down

Web3 is Going Just Great

Balancer Labs shuts down after $110 million hack

After a November 2025 exploit in which $110 million was drained from the Balancer defi protocol, the company behind the project has announced it will shut down. Besides the massive loss, the hack also caused users to flee the protocol, and Balancer's total value locked quickly plummeted from around $775 million to around $300 million. It has continued to decline since, now hovering around $150 million.Balancer co-founder Fernando Martinelli has said he strongly considered shutting down the proto

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

Gemini crypto exchange fires 25% of staff, blames AI

February 5, 2026
https://www.web3isgoinggreat.com/?id=gemini-layoffs-2026

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

Russian Grinex exchange halts trading after $13 million+ exploit

April 16, 2026
https://www.web3isgoinggreat.com/?id=grinex-hack

Web3 is Going Just Great

Russian Grinex exchange halts trading after $13 million+ exploit

The Russian cryptocurrency exchange Grinex has halted trading after disclosing a hack of more than 1 billion rubles (more than $13 million). The exchange has claimed on Telegram that the hack was perpetrated by "foreign special services" they allege were trying to harm Russian financial independence.According to blockchain intelligence firms TRM Labs and Chainalysis, Grinex is a rebranded version of the Garantex cryptocurrency exchange that was shut down and sanctioned in March 2025. Two of its

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

Moonwell lending protocol suffers $1.78 million loss after second oracle misconfiguration in four months

February 15, 2026
https://www.web3isgoinggreat.com/?id=moonwell-exploit

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

Moonwell faces $1 million governance attack

March 24, 2026
https://www.web3isgoinggreat.com/?id=moonwell-governance-attack

Web3 is Going Just Great

Moonwell faces $1 million governance attack

The Moonwell lending protocol faced a governance attack on its deprecated Moonriver instance that could have drained $1 million from the project. Because Moonwell's MFAM governance token trades at fractions of a cent, an attacker was able to accumulate around 40 million tokens, submit a malicious proposal, and achieve quorum. Moonwell governance token holders scrambled to vote down the proposal before the voting ended on March 27.Ultimately, facing being outvoted, the attacker dumped their MFAM

web3 is going just great @web3isgreat@indieweb.social

· 8mo ago

BlockFills crypto lender halts withdrawals

February 11, 2026
https://www.web3isgoinggreat.com/?id=blockfills-crypto-lender-halts-withdrawals

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

$26.9 million erroneously liquidated on Aave after Chaos Labs oracle bug

March 10, 2026
https://www.web3isgoinggreat.com/?id=chaos-labs-aave-liquidations

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 6mo ago

Venus Protocol accumulates $2.15 million in bad debt after exploit

March 17, 2026
https://www.web3isgoinggreat.com/?id=venus-protocol-bad-debt

Web3 is Going Just Great

Venus Protocol accumulates $2.15 million in bad debt after exploit

The BNB Chain's Venus Protocol lending protocol accumulated $2.15 million in bad debt after an exploiter manipulated the price of the Thena protocol's THE token. THE had very low liquidity, and the exploiter took advantage of it to manipulate the THE price oracle by borrowing against THE, using the borrowed funds to buy more THE, and repeating — causing the price oracle to reflect higher and higher prices. The attacker was able to avoid a supply cap on Venus by "donating" the funds rather than d

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

Step Finance, SolanaFloor, and Remora Markets shut down after January hack

February 23, 2026
https://www.web3isgoinggreat.com/?id=step-finance-shuts-down

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

Solv Protocol exploited for $2.7 million

March 5, 2026
https://www.web3isgoinggreat.com/?id=solv-protocol-exploit

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 33mo ago

So long, hexagon: Twitter removes NFT profile picture support

January 10, 2024
https://web3isgoinggreat.com/?id=twitter-removes-nft-profile-picture-support

web3isgoinggreat.com

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web3 is going just great @web3isgreat@indieweb.social

· 8mo ago

CrossCurve users exploited for around $3 million

February 1, 2026
https://www.web3isgoinggreat.com/?id=crosscurve-users-exploited-for-around-3-million

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

YieldBlox lending pool drained of $10.2 million

February 21, 2026
https://www.web3isgoinggreat.com/?id=yieldblox-theft

Web3 is Going Just Great

YieldBlox lending pool drained of $10.2 million

A lending pool operated by YieldBlox on the Stellar blockchain was emptied of around $10.2 million in an oracle manipulation attack on the Reflector oracle supplying prices for the USTRY/USDC market. Reflector has said that there was no flaw with their oracle, and that market illiquidity caused the problem. "Reflector quoted correct prices. ... but it's impossible to quote adequate prices for a market fully handled by a single market-maker with almost zero trading activity."The attacker was abl

web3 is going just great @web3isgreat@indieweb.social

· 5mo ago

Volo Protocol exploited for $3.5 million, most recovered

April 21, 2026
https://www.web3isgoinggreat.com/?id=volo-protocol-exploited-for-3-5-million-most-recovered

Web3 is Going Just Great

Volo Protocol exploited for $3.5 million, most recovered

The Sui-based Volo Protocol defi yield platform was exploited for around $3.5 million after an attacker targeted three vaults holding wBTC, XAUm (a tokenized gold asset), and the USDC stablecoin.Volo says they have frozen or recovered all but around $60,000. They have also said they are "prepared to absorb this loss", rather than passing losses along to their users.

web3 is going just great @web3isgreat@indieweb.social

· 8mo ago

$29 million stolen from from Step Finance treasury wallets

January 31, 2026
https://www.web3isgoinggreat.com/?id=step-finance-theft

Web3 is Going Just Great

$29 million stolen from from Step Finance treasury wallets

The Solana-based defi portfolio tracker Step Finance lost 261,854 SOL (~$28.7 million) when a thief gained access to treasury and fee wallets. It's not yet clear how the attacker was able to steal the funds, although Step Finance posted to Twitter that the theft occurred via a "well known attack vector". Step wrote that they were working with cybersecurity firms and law enforcement to address the incident.

web3 is going just great @web3isgreat@indieweb.social

· 7mo ago

IoTeX bridge exploited for $2 million after private key compromise

February 21, 2026
https://www.web3isgoinggreat.com/?id=iotex-bridge-exploit

web3isgoinggreat.com

web3 is going just great @web3isgreat@indieweb.social

· 53mo ago

I will say, it's not the most convincing deepfake I've ever seen...

https://vimeo.com/712602130

vimeo.com

web3 is going just great @web3isgreat@indieweb.social

· 3mo ago

Dutch Knaken crypto platform collapses June 30, 2026 https://www.web3isgoinggreat.com/?id=knaken-crypto-platform-collapses

Web3 is Going Just Great

Dutch Knaken crypto platform collapses with $8 million in customer funds missing

The Dutch cryptocurrency platform Knaken (not to be confused with the American Kraken platform) abruptly went offline in early June, leaving roughly 30,000 customers unable to access their funds. The company was unable to secure a license under the EU's MiCA regulations, which it said forced them to shut down. Though they claimed to be winding down the company in an orderly fashion, they reportedly stopped paying customer withdrawals, and asked customers to stop filing claims.Dutch prosecutors a