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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)

Wow 75% zhiit .

Don't quote me, but as far I was informed they talked about this before doing it kinda openly and since there was no reaction from the Dev Team, they kinda went on. Also, I don't think Aggy is super impressed and will not follow up with sanctions.

Btw. is there a different calculation system in place now or is this the normal way to acquire assets now?

This is very thin ice, the Splinterlands community is not so cut and dry on this issue as far as I could find out so far, opinions vary in all directions.

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Theres really nothing the team can do now after they fixed the exploit. They covered it in a townhall, they know what happened, how and who did it.
They believe in not taking action against their accounts. Its their choice.

I choose to spread the word as far as possible about who these people are and what they did.

Your post is the appropriate response.

If the Dev team takes action that is centralised Ban Hammering.

If the community takes action (as a result of your post) then that is decentralised community self-regulation.

Not much action the community can take, you can't get the funds out of their hands and they don't post so you can't downvote them. Everyone wants decentralization until shit they don't like happens.

Hmm, it would have been easy to fake out, use smurfs, or whatever. I think we're missing parts of the story and I'm confused about what it might be. The post of that one guy is pathetic at best.

I don't think you are missing much at all. It's simple, there was easy money to be had in exchange for ethics. Easy decision for most people.

we should expect, and be ready on this kind of scenario. we, are nonetheless a decentralized network. we learn as we go.

This is the way.

This is the way.

Cool, agree!

The test of decentralization is whether or not the devs can do it unilaterally (ie. without a broader consensus mechanism), not just choosing not to.

Crazy times, I heard about it on Youtube from Dwayne Cunningham a while ago. They had a lengthy talk about it. If more people would have been on guard, they could have not pulled that off. They had to buy off the whole market for a short time while doing their transactions. I think the "Steemmonster Inc" team knew of the risk and just decided to not act from the very beginning. Other whales could have abused that situation to drop GLX into those buy orders.

Deeper POOLs for arbitrage bots would probably also have done the job.
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Everything too large for my capabilities, whale games.

I havent found any indication that the team somehow knew about this. Do you have any source for that?
Yaba said in the townhall that it was an exploit and that the actors acted maliciously.

Wow it comes from a vocal citation, I'd have to go back and watch the whole video again. Maybe Dwayne might know more details, w88888888888 I'll try

--- Timeleap ---

Some guy "Dark.Star" in his videos is saying that it was a matter of "when" and not "if".

that was the video. But I imagine you can't bring a bunch of people together for such a move in a super nitch community without somebody calling the shots. Is it clear right now who was spearheading?

It looks like Genepool was spearheading all of it. You can see transfers going out from his account to the others in the screenshot. That only accounts for a smaller part of the stolen funds.

Wow one of them is a community leader? That is bewildering.

A community leader doesn't imply they have any authority or integrity.

Yeah, i think they vote you in or something like that.

Its literally like having sheep vote in a wolf to be their shepherd.

That is what it is.

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Yes the team was made very aware of it. Receipts available.

Not trying to be conspiratorial but there may have been a short sighted or accidental benefit from just an increased number of pack sales or just additional funds received pack sales.

I lean towards laziness rather than evilness.