LobsterDAO 🦞

28 Feb 2025 04:35

hell yeah man @Aks_Autonomint

LobsterDAO 🦞

27 Feb 2025 15:34

The rate at which you have funds above the buffer is what defines how much gets used.

LobsterDAO 🦞

27 Feb 2025 15:31

The idea of buybacks is good IMO

LobsterDAO 🦞

27 Feb 2025 15:28

but it's still good, that they are starting payouts to tokenholders and that might convert in a proper div policy

LobsterDAO 🦞

27 Feb 2025 15:10

NAh… this was triggered because they reduced the buffer surplus 50M probably to push the price up and increase the cost of a governance attack and for Rune to not get liquidated.

LobsterDAO 🦞

27 Feb 2025 13:41

there is a lack of explicitly listed alternative frontends on safe website or in the docs

LobsterDAO 🦞

27 Feb 2025 13:22

Do u know the team V

LobsterDAO 🦞

27 Feb 2025 12:24

Of course it does not, it’s a surplus that originated over some time - now it’s not.

LobsterDAO 🦞

27 Feb 2025 11:43

https://x.com/runekek/status/1894029962740425183?s=4

Unsustainable though (and Rune kinda acknowledges that in the comments). Almost a PnPD

LobsterDAO 🦞

27 Feb 2025 11:27

a proper setup would be a dedicated, airgapped device for signing

LobsterDAO 🦞

27 Feb 2025 11:23

ah yes you are right

LobsterDAO 🦞

27 Feb 2025 11:20

but the hardware wallet wasn't able to show the data due to the complexity of the smart contract if i am getting this right

LobsterDAO 🦞

27 Feb 2025 11:17

a safe{wallet} dev got his computer pwned, pushing malicious frontend code, and the code only target bybit cold wallet. the same malicious frontend also got distributed to other users as well

LobsterDAO 🦞

27 Feb 2025 10:53

is there somewhere an explanation of how the hack happened in layman's terms?

LobsterDAO 🦞

27 Feb 2025 09:57

https://x.com/hackerfantastic/status/1894801896122024087?s=46

LobsterDAO 🦞

27 Feb 2025 15:35

They hinted that the takeover folks from nexo wanted to use the surplus to finance the takeover. Now it’s being used towards an aggressive buyback which sort of deals two blows in that takeover deal

LobsterDAO 🦞

27 Feb 2025 15:33

It was never technically paused. The buffer was 120M and now it’s 70M so there’s 50M above the surplus that get used for buyback.

LobsterDAO 🦞

27 Feb 2025 15:30

Why buyback now and not in the bear market?

LobsterDAO 🦞

27 Feb 2025 15:11

Its definitely not sustainable.

LobsterDAO 🦞

27 Feb 2025 15:02

They earn 100m USD a year after a lot of expenses so maybe they can't maintain 1m USD a day but they can do 1/4 of that which is still very respectable

LobsterDAO 🦞

27 Feb 2025 13:38

trying to stay on top of ethdenver news/content, but don't want to scroll twitter for like 1h per day. do you have any way to keep track of the most valuable stuff going on there?

LobsterDAO 🦞

27 Feb 2025 12:54

i think safe has modules. Bybit didn’t utilize custom modules that restrict transaction? They should have a module that only allow transaction to whitelist CA.

LobsterDAO 🦞

27 Feb 2025 12:18

Nice, does it earn money that fast tho

LobsterDAO 🦞

27 Feb 2025 11:27

or implement custom logic on the multisig wallet to only allow certain types of txs

LobsterDAO 🦞

27 Feb 2025 11:24

was there a way for them to check the data on the HW and they didn't ?

LobsterDAO 🦞

27 Feb 2025 11:22

they have to make sure that the data is right, whether it matches what's showing on the frontend does not matter that much if it can't be trusted

LobsterDAO 🦞

27 Feb 2025 11:20

thanks, that makes more sense. as I understand the fronted UI was spoofed but if the Hardware Wallet was able to show the transaction data the users would be able to tell the difference from the front end

LobsterDAO 🦞

27 Feb 2025 10:54

read couple of sources and it's still not clear, since it was a multi sig were there multiple machines compromised or multiple people fooled into clicking sth they shouldn't have?

LobsterDAO 🦞

27 Feb 2025 10:02

Hi, any tentative timelines by when the other networks apart from Ethereum can be activated in SAFE Frontend ?

LobsterDAO 🦞

27 Feb 2025 09:16

For some reason as I constantly seeing in Brave MM/Rabby are often not updated to the last version