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RE: ⚠️A few Hive and GLS community members colluded to steal more than 250k USD // Biggest theft since Justin// The GLS exploit explored

in LeoFinance2 years ago (edited)

Myself and Jron organised a large investment into the presale and secured the second highest presale pack purchase slot qualifying for the coach card design etc. There were many people that pointed out this exploit a long time before it happened (we have the DM receipts of the communications) to the devs, and many top level people working on and for the project.

Nothing was done which left the opportunity open for anyone. Many knew and all of the people that were pointing this out to each other and the team were pushing for a fix to be implemented. Only these bad actors chose act on the exploit by working secretly in unison to take advantage of it while others were trying to get the vulnerability rectified.

I am not surprised this vulnerability was exploited... It's degen crypto land with a non functioning game project.

However I was beyond shocked that it was perpetrated by some of the biggest and most involved members of our community. Genepool was (hopefully past tense) an SPL community leader and Michael87 was GLG MODERATOR no less, was squashing people speaking out against the colluders actions. The worst part was how all of the colluders/exploiters openly admitted and defended what they did for days against the people that understood what they had done and the scope of the theft or level of damage they had caused to the investors and to the project itself.

Genepool when confronted said I was just emotional and "code is king" This amoral plea from a dirtbag to justify their extractive theft is disgusting. The celebrations of look how much GLX we burned, we're so good for the community was GOD tier level gaslighting the likes I've never seen before. It was sad that some people seemed swayed, apathetic or ignorant of the depth of what occurred.

Only after Matt and Aggy deemed it (not after a week of defending their actions to the community) "manipulation" and "an exploit" did Genepool offer up a small fraction of what was gained as some sort of token penance. The others did nothing and some completely slid back into silence. It was and is not good enough.

I had been working on further securing significant investment into the platform and all of prospective parties rejected proceeding after seeing the exploitative theft and lack of protection that occurred. These parties have large connections and capital and this alone has greatly impacted the platform and all investors in a significant way that will never be able to be exactly quantified. Many more drama adverse whales (some that had been warning the team) in GLG/SPL just packed up and sold off entirely solely based on this event, this is another part of the tangible and real damage caused to the invest, platform and team by this group of trash bag, self serving exploiters.

The damage done to the investors, general sentiment and the platform is difficult to measure but it is extreme and Lordbutterfly is right this would have killed almost any other project at this stage. No one knows what this exploit has caused damage wise and where this project could have been without these black hats exploitation.

The members of this event celebrated their own actions and justified them constantly against all that were speaking up against their exploitative theft. They have lost all credibility and outed themselves openly as colluders, manipulators and thieves. Their actions fit many definitions of financial crimes.

They were happy to own it then and they should be marked by this heinous act in perpetuity. How any of them holds any respected or authoritative position let alone still shows their face in this community is beyond me. Our community deserves better.

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That's annoying to hear what transpired with a mod kicking/muting people speaking against it and defending their actions, sorry.

"code is king" or "I thought this place was decentralized" is a common phrase abusers of many sorts like to use when confronted about their activity.

Appreciate it mate.

It's been weeks for me to digest it all now.

There were so many other crazy justification made when they were openly owning their actions.

It was maddening to be straight up gaslight for days.

That tune has changed now and I'm glad this is getting out in the community not just the GLG discord so people can know what type of people they are.

Some people were exploring legal options. Most of these people were concerned for the splash back this would have on SPL itself and their own SPL assets.

Unfortunately for the thieves reputation's, the investors and the GLS platform it seems the damage is done and they just want to dump their exploited assets on the heads of the legitimate investors or sit on their ill gotten compounded gains.