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

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