Latest Update
2024-08-27 04:41 UTC

ZachXBT Highlights Risks for Small Protocols with Sudden TVL Increases

ZachXBT Highlights Risks for Small Protocols with Sudden TVL Increases

According to ZachXBT, small protocol founders face significant challenges when a threat actor deposits stolen funds, causing their Total Value Locked (TVL) to spike by 5-10 times overnight. This situation mirrors past incidents where other chains, such as Oasis, had to manage large sums from hacks, like the $225M 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