PhantomOz
@SuperDevFavour
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Blockchain Engineer & Researcher, Engineering @LendbitFinance
Lagos, Nigeria
Joined January 2016
300M+ people in emerging markets still canβt access simple liquidity or stable yield. So we built HODL . A platform that lets you securely borrow local currency against your crypto. And soonβ¦ earn too. Our website is now live. Join the waitlist π https://t.co/LIWHetu0WD
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Need instant cash but donβt want to dump your bags? We get it. Thatβs why we built HODL. Borrow against your crypto safely. No selling. No stress. Waitlist now open β¬οΈ https://t.co/LIWHetu0WD
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Huge shout out to our top contributors. Shine bright like diamonds π @mudgen
@mnnnnnnnn355
@astaxxoo
@lumoswiz
@trainface
@AapsiK
@megabyte0x
@0xisihin
@AkpoloOgaga
@HabeeblaiM
@0xRushya
@Haroldwonder
@FrankyEjezie
@SuperDevFavour
@0xfrsmln
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1/ Lagos has always felt like a city full of possibilities, and Ethereum grows strongest where people meet, so today, weβre excited to announce that the next Ethereum Community Hub will be in Lagos at @Web3Bridgeβ¨ Join us on Dec 11 for the launch. Details below π§΅
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It was fun and thrilling to watch, congratulations to Team Europe. Team Africa is coming for the belt next year. WATCH OUT!!!! @RareSkills_io @EFDevcon
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I and some guys streaming the ultimate security games #USG happening at #devconARG and it looks like some as been writing too much rust πππ Hopefully next year we get Team Africa @RareSkills_io @EFDevcon
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My first audit comp victory, divine karma explosion, let's transcend! π₯π₯π₯ποΈπ Thanks to @CyfrinUpdraft , @GuildAcademy_ & @sherlockdefi @Pelz_Dev
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Join us this Thursday at 7:30 PM for another in-depth discussion on Ethereum Data Availability: Stack, Memory and Storage with @Vickish11 @officialpope_h @Alienate_B featuring @OlorunsogoBanwo @SuperDevFavour and more. Donβt miss it! Set your reminder π
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π¨ Calling all Security Researchers in Africa! π¨ Something big is coming this November. π₯
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PancakeSwap Exploit Post-Mortem: An attacker exploited a fee-on-transfer token vulnerability in a PancakeSwap liquidity pool, netting ~37.55 WBNB ($9K-$11K). This analysis was a task from @GuildAcademy_ to study DeFi vulnerabilities. Here's how it went down #Security #DeFiπ
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So what did the attacker do?π Skewed reserves with flashloan, inflates "deserved", burns cheaper, claims overpay... You know? Classic oracle manipulation stuff, just because there was no TWAP/Slippage check to stop him, He must've felt so tuffπ
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π¨On 16th of August, it might've gone under the radar, but about 3.3BNB(~$3k) was stolen from TOKENbnb in a subtle Price manipulation hack. π
On assignment from @GuildAcademy_ I ventured on a hack post-mortem quest to shed light on what happened, quite interesting this one ππΎ
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Want the full, in-depth post-mortem with diagrams? Check out my article here:
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Stay safe out there, #DeFi fam. Always DYOR and understand the underlying economics of any protocol you invest in. This Grizzifi story is a stark reminder of the risks.
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Lessons Learned for #DeFi Builders π§ : - Economic audits are JUST as crucial as code audits. - Design your incentives with strong Sybil resistance. Assume attackers will automate everything. - Distinguish between cumulative actions and active state for reward eligibility.
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The Root Cause π: Basing permanent rewards (milestones) on temporary actions (total deposits, not active stake) created a massive vulnerability. Once the bots invested, the rewards were locked in, regardless of whether that capital remained in the system.
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they were able to drain the entire $61,000 treasury in a single move. π¨
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