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ZachXBT Highlights Challenges for Small Protocols with Sudden TVL Increases Due to Stolen Funds | Flash News Detail | Blockchain.News
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8/27/2024 12:41:22 PM

ZachXBT Highlights Challenges for Small Protocols with Sudden TVL Increases Due to Stolen Funds

ZachXBT Highlights Challenges for Small Protocols with Sudden TVL Increases Due to Stolen Funds

According to ZachXBT, small protocol founders face significant challenges when stolen funds are deposited into their systems, dramatically increasing their Total Value Locked (TVL) by 5-10 times overnight. This situation can be particularly tough to manage, as evidenced by similar incidents in other chains and protocols, such as Oasis handling $225 million from the WormHole hack.

Source

ZachXBT

@zachxbt

ZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space