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Wednesday, October 2, 2024
Bedrock just got a lesson in why you should always double-check your math homework.
In a twist that would make even a quantum physicist's head spin, their uniBTC vault decided to play fast and loose with exchange rates, turning Ethereum deposits into a Bitcoin bonanza.
This digital alchemy managed to transmute $2 million into thin air bon September 25th, before anyone could say "smart contract audit."
The vulnerability, spread across 8 blockchain networks like a particularly virulent strain of crypto-pox, allowed users to mint uniBTC faster than a money printer on steroids.
In the aftermath of yet another DeFi debacle, we're left pondering: when "code is law" fails, does it default to "finders, keepers"?
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We are all rekt.