???? Do Kwon, Dubai, and a Discord Server
Namaskara, this is the doodhwala, the daily crypto newsletter that leaves you with those sticky fingers after having a nice cool ICE gola on a summer evening. ??
It’s Friday ya’ll! Let’s kick it with some web3 meetups. Head here ??
What we looking at before the weekend:
Chalo Chale ??
We’re this ???close to finding Do Kwon!
Imagine this — at the start of 2022, you put $1,000 (Rs 82,000) in a cryptocurrency.
???By February 2022, it’s down to $560 (Rs 46,000) or down 43%.
???By April 2022, it’s up to $1,351 (Rs 1.1 lakh) or up 35%
???By October 2022, it’s down to $0.002 (17 paise) or down 99.99%
How would you react? ??
You’d be pretty mad, right?
Especially if the founder of the project was an arrogant smart-ass.
That’s exactly what’s happening with $LUNA investors right now.
LUNA investors lost a?TON of money?when the crypto fell from $120 → $0.0002 in just a few months.
And over 4,000 LUNAatics are MAD!?
And they wanna find the Terra Mastermind.
The man with the smarts of Harshad Mehta and the arrogance of a Dilli boy.
The group is called — the UST Restitution Group (USTRG), maybe they should change the group’s name to Restitution UST Group (RUG) ??
It’s led by an angry LUNA investor called Kang Hygin-Suk.
Let’s call him Suk because he’s already had a lotta Dukh for now.
RUG’s goal is to — find evidence against Do Kwon and most importantly FIND DO KWON.
Do’s been on the run since September 2022.
He isn’t in South Korea or Singapore, and RUG’s members are tryna find him.
RUG has a?Discord Server?with 4k LUNAtics.
Not all of them are investors, some are just there for the banterz (like me).
And I hopped into the server and here’s what I found:
1???Suk and RUG think Do is either in:
→ ?????Dubai (that city your Mallu friend is from)
→ ?????Azerbaijan (that country you didn’t know was a country)
→ ?????Seychelles (that country every shady company registers in)
→ ?????Mauritius (that country every Indian couple goes to for honeymoons)
But outta all of these, they think?Dubai?is where Do’s at.
Why?
The conversations are too funny tho.
2???People are coping with huge losses
3???People still got a sense of humor
Like every crypto Discord server, there’s a #memes channel. And it’s the memes on Do are tripping.
We’ve added our top-3 Do Kwon memes from RUG into “Milky Memes Of The Day”
Check it out below. ??
Doodhwala’s take: Do’s running either because someone is after him. Who’s after him? — the authorities and crazy investors. Even RUG’s got a few crazy LUNAtics who literally want Do’s head.
领英推荐
Let’s just hope he’s caught and doesn’t touch crypto again. ??
The HERO we need: Crypto Bro prevents a HACK!
When it comes to superheroes, we all know the regular lineup.
There’s the dude who’s bit by a spider. ??
Then there’s the other dude, who’s bit by a bat (or rather scared of bats?) ??
And of course, there’s one bit by a tiny insect. Was it an ant or a mosquito? ??
I don't know much about fictional superheroes.
Why?
Umm…because I am too cool for that typa shit. ??
But what I do know are real-life superheroes who save drowning puppies, save a kid from a burning building, or save protocols from?million-dollar hacks.
Yeah, real stuff.
So the crypto saviour we are talking about today is an ordinary man, like your doodhwala.
His name is Lee Bosufield aka PlasmaPower.
At least that’s what it is on?Twitter.
He is a tech lead at Arbitrum, a project you might have heard of so many times but actually don't know what it does. ?? ♂?
And what was the heroic thing he did?
Lee identified a vulnerability in BitBTC’s Optimism bridge.
Basically, this bridge allows users to?send tokens?from Optimism.ru 's network to Bitants ’s DeFi ecosystem.
And BitAnt’s ecosystem enables “faster and cheaper BTC” along with some yield farming opportunities.
So this bug that Lee found would potentially allow some bad motherlovers to mint fake tokens on one side of the bridge, and swap them for real ones on the other side.
The attacker can apparently even create a token of their own, keep all the supply and then set it to BitBTC’s real address and swap it for real tokens on the bridge.
This is crazy!
But if it's such a major vulnerability, why did Lee post it publicly on Twitter?
Because the BitAnt’s team (like that gurl you’re hitting on) ghosted him on DMs. ??
And he claims he had no choice but to post the tweet?thread.
So did someone actually attack it?
Yes.
After the tweet was posted someone apparently went ahead to just “experiment” by trying to withdraw 2 million fake BitBTC from Optimism. (lol)
So BitAnt had 7 days to fix the bug and prevent this fake transaction from happening.
And fixed it after they reached out to Lee.
They probably also said sorry for ghosting and gave the whole “it’s not you, it’s me” speech.
But kudos to Lee for actually bringing it to light instead of silently exploiting it.
BitAnt should send him some rewards for being an honest degen.
Probably a bunch of doodh bottles will do (or send that to us!)
Still Fresh Doodh: Million-dollar bug bounties! ??
You leave the milk unopened for a few days? It expires!
You leave the doodhwala’s emails unopened for a few days? We get fresher!
In case you missed out because of your bizzeee bizzeee week, check out these still taaza but still unfunny news from ??week:
???Why a?$HORSE coin?pumped by 6,000% last week?
?? How Polygon will?make it easier?for Devs to continue Deving?
???What if the rumors of GTA?launching a token?come true, would you PLAY?
???GUEST POST: Laisha Wadhwa, wrote about bounty hunting in crypto. Whether you’re a writer, a content creator, or a developer, million-dollar bounties are everywhere. Here’s how you?get started!
Milky Meme Of The Day
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