PAPER TIGER

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Monday, December 9, 2024 

Not all tigers earn their stripes. Some just paint them on.

Parallel Finance emerged from Silicon Valley's dream factory with all the right stamps of approval - Stanford dropout founder - Yubo Ruan, Sequoia's millions, and enough buzzwords to fill a VC pitch deck.

Behind the polished PR and carefully curated Wikipedia pages lurked a project that promised revolution but delivered regression.

A chain abandoned, assets mismanaged, and a community left searching for answers.

Millions in user funds now hang in the balance while governance theater plays out its final act.

The governance keys to the kingdom have been seized, and those carefully painted stripes are washing away in the rain.

When VCs sell you a tiger, maybe check its teeth first?

Read more »                      

         Stories and Articles 

• CryptoLove: The Scam Factory Fueling Global Heists [Read more]
• Clipper Dex - Rekt [Read more]
• Enron (yes, allegedly that one) is relaunching to 'solve the global energy crisis' with decentralized technology and is teasing some token. [Read more]
• Crypto Scam Epidemic: US Founders Responsible for Nearly Half of All Scam Projects [Read more]
• Cobra Warns of a New Bitcoin Soft Fork Next Year  [Read more]

                       Best of Feed 

• France to tax #Bitcoin unrealised capital gains.  | 1399 points
• My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadella, articulating why the company should do the right thing and adopt #Bitcoin. | 1026 points
• Someone activated an 11-year-old wallet with 2,700 #Bitcoin worth $254 MILLION They HODL'ed from $600 to $96,000 | 677 points
• He received the 1st known email from Satoshi Nakamoto – at $0, before #Bitcoin had even launchedAdam Back’s most bullish $BTC quotes: A thread | 669 points
• NYC MAYOR IS PAID IN BITCOIN "Y’all laughed at me when I first got my #Bitcoin. Who's laughing now?" | 563 points

Read more in Rekt's Feed» 

Obfuscate or Obliterate: VPNs as Your DeFi Shield

Privacy in DeFi isn’t a luxury; it’s a survival strategy. In the world of blockchain, where pseudonymity reigns and every wallet address broadcasts its moves to the world, the modern crypto user faces a harsh truth: the chain may not judge, but the rest of the internet will. This is where VPNs step in, not as a convenience, but as a digital invisibility cloak — a must-have tool for navigating DeFi without leaving your footprints in the sand. 

The art of hiding in plain sight begins with the weapon of choice. NordVPN, ExpressVPN, ProtonVPN — the trifecta of online security. These aren’t just apps; they’re your sentinels in the shadows. NordVPN, with its fortress-like encryption and “no logs” religion, keeps even the nosiest ISP at bay. ExpressVPN is the speed demon, flying under the radar with protocols so tight you’d swear they were designed for espionage. And ProtonVPN? Built by CERN scientists, it’s like having a physicist guard your stash of JPEGs and moonbags. 

But installing a VPN isn’t just a download-and-go affair. Setting up is where the real magic happens—or where you doom yourself to half-measures. First, install it like any other app, but don’t stop there. Log in, pick your server, and think strategically. Close to home means speed; far from prying eyes means anonymity. Then flip that kill switch. If your VPN drops, your internet dies with it—a harsh reality, but it’s better than leaking your IP like a sieve. 

Advanced settings are the cheat codes of the VPN world. Multi-hop servers route your traffic through not one, but two or more servers, making your data as untraceable as a whisper in a hurricane. DNS leak protection ensures even your metadata stays in the shadows. And for those under heavy surveillance—or just particularly paranoid—obfuscation cloaks your VPN usage itself, turning your traffic into digital gibberish. 

In the DeFi jungle, where fortunes are made and lost at the speed of a gas fee, a VPN isn’t just about securing your bag — it’s about staying in the game. Before you fire up Uniswap or stake your tokens, connect to your VPN. Your IP address is the key to your location, your identity, your vulnerabilities. Don’t hand it out like candy on Halloween. 

Here’s the hard truth: a VPN won’t make you invisible, but it’ll make you a hell of a lot harder to find. In a space built on trustless interactions, your privacy is your power. Protect it like your next trade depends on it — because it probably does. Stay anonymous, stay secure, and most importantly, stay rekt-proof.

In the world of DeFi, you’re only as safe as your last precaution. Make it count.

We provide an anonymous platform for whistleblowers and DeFi detectives to present their information to the community. All authors remain anonymous. We are all rekt.