This is the end. DERO is DEAD. https://nitter.gq/t.co/NsRBaBenv8
Joined August 2024
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No $DERO was burned this way. Dozen millions of coins from recent inflation exploit are still present.
Notice this transaction has type "NORMAL", not "BURN". Someone simply put number into a field that is normally unused.
#DERO code is full of missing checks and bugs like that.
So 5M $DERO were burned from what we can see on this txid?
explorer.dero-node.net/tx/80…
How bad is the situation?
What does this shit show even mean?
Fascinating how hard this coin is fudded.
$DERO #DERO
UPDATE: We've been told this is incorrect and the 5M $DERO in this payload were really burned, even though the transaction itself is not of type BURN_TX.
I don't understand why would anyone write code that allows normal transfer to also burn coins, but here we are. DERO is DERO.
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UPDATE: We've been told this is incorrect and the 5M $DERO in this payload were really burned, even though the transaction itself is not of type BURN_TX.
I don't understand why would anyone write code that allows normal transfer to also burn coins, but here we are. DERO is DERO.
This is embarrassing 😳 but I think you deserve to know...
Member of #DERO Foundation is downplaying the inflation exploit while SELLING HIS OWN $DERO like a champ! 😎
This is @notoriousjoshyb - still using old wallet. Did no one tell him whole chain was deanonymized before? 🐛
Apparently @elkryptoid was accused by an exchange of dumping millions - but his transactions can't be deanonymized, so we can't verify or disprove that on-chain.
That's all for today 🍿
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If I printed millions of $DERO (which I didn't), why would I keep warning you about it?
Real attacker wants the price UP while quietly dumping on exchanges. Exactly what Captain did in 2022-24.
So ask yourself: who's the one telling you everything's fine and to keep buying?
But now he was able to exploit a BUG and print enough coin to cause a major shock to confidence in the $Dero project. He succeeded in undermining the project, diminishing its importance, and diverting attention from it—all because of the captain and his escape.
The people who hate @Derolytics for uncovering the truth are the ones trying to take advantage of you.
They need you to buy, so they can sell.
They need you to be their exit liquidity.
That's all you ever were to them.
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"pull the chain please" 😀🍿
This wallet is possibly owned by attacker of the recent inflation exploit.
3 weeks ago he created this wallet and bought $DERO on Mindmesh Swap - just to register this username 15 days later.
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What do you #DERO cult members say now?
Attacker casually minted 1.2M $DERO and sent it to exchange. It's still just a FUD, right? Good price to buy, right?
When $DERO devs found and fixed this double-spend exploit, they set hard-fork v3 to activate 7 days later, giving people time to upgrade their nodes.
But by announcing it publicly, they tipped off a completely new attacker, who exploited it successfully shortly after!
When $DERO devs found and fixed this double-spend exploit, they set hard-fork v3 to activate 7 days later, giving people time to upgrade their nodes.
But by announcing it publicly, they tipped off a completely new attacker, who exploited it successfully shortly after!
Instead of quickly reverting the chain to neutralize the double spends and limit the damage, they decided to leave the transactions and the newly minted coins on-chain.
And on top of that, they effectively helped new attackers mint even more coins before HF3 activated! #DERO
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Interestingly, this new attacker was pretty careless and used an old wallet with the privacy bug. This confirms there were at least two different attackers, but it also allows us to deanonymize some of these $DERO double-spend transactions.
Anyone else having déjà vu?
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