10 ms·

The trick is: > Using a "clean account with a character with a little history," Flan_Hill and an unnamed partner applied for membership in the EHEXP corporatio

by from 3y ago

The trick is: > Using a "clean account with a character with a little history," Flan_Hill and an unnamed partner applied for membership in the EHEXP corporation. After the account was accepted, Flan_Hill transferred enough of his shares in the corporation to the infiltrator to enable a call for a vote for a new CEO. The conspirators both voted yes, while nobody else in the corporation voted at all. > This was vital, because after 72 hours the two "yes" votes carried the day. The infiltrating agent was very suddenly made CEO, which was in turn used to make Flan_Hill an Event Horizon Expeditionaries director, at which point they removed all the other corporate directors and set to emptying the coffers. Which reminded me of this paper I read about Russia in the 1990s: > In a similar scheme, raiders call a shareholders' meeting but fail to provide other shareholders adequate and timely notice, either by mailing notices to the wrong address, sending the notices only a short time before the meeting, or holding the meeting in a remote, inaccessible location. At the meeting, they exploit the artificially created majority to vote in a new board of directors. [Criminal Corporate Raiding in Russia, Thomas Firestone](https://scholar.smu.edu/cgi/viewcontent.cgi?article=1222&context=til https://scholar.smu.edu/cgi/viewcontent.cgi?article=1222&con...) It's unclear why none of the other shareholders voted though. Did they quit the game or something?

ClumsyPilot 3y ago
I used to play the game, like 13 years ago. I recall a similar drama about someome inflitrating a major organisation and stealing everything. Endless arguments on whether this is a feature or a bug. Last time it was more of a sociel engineering and betrayal, this time it's more of a mechanical exploit.
- xoa 3y ago
  Disclaimer, been an extremely long time since I played as well, I think 12 years in my case. Though I honestly kind of regret quitting. Back then I thought EVE was merely an early progenitor of what would be a bunch of better sandbox MMOs, and was upset with some of the directions CCP was going and potential they were squandering. Little did I know :(. >Endless arguments on whether this is a feature or a bug. Last time it was more of a sociel engineering and betrayal, this time it's more of a mechanical exploit. One thing I do remember a lot of us being frustrated by though was that while they sunk lots of development effort into "walking in stations" and planet stuff that wasn't space, a lot of the corporate mechanics stayed pretty primitive. I do think it's kind of a bug if more serious corporate structures couldn't be developed. EVE would have been a neat place for smart contracts and programmatic corporate structures and so on, just let everyone go wild setting up constraints and checks within some reasonable computational cap. Interesting options to tie in (or not, depending on reputation, could be another neat set of tradeoffs) to NPC governments as well. But having a lot of corp/alliance aspects be kinda clunky in terms of management, comms, stores and so on always felt like one of the various wasted opportunities. Wow, amazing how it comes back in pieces. It really is quite the project whatever its flaws. A lot of other MMOs from its era have come and gone. Glad it still exists at all.
  - voldacar 3y ago
    What sandbox MMOs do you like more?
    - vgb2k18 3y ago
      My reading was they anticipated better Sandbox MMOs for the near future, but none eventually were better...
      - voldacar 3y ago
        Oh I see. Yeah, I read that weirdly
        ansible 3y ago
        Instead, we have these experiments in digital corporate governance on blockchains instead. Which would be more fun if there wasn't so much hype and fraud.
    - Cthulhu_ 3y ago
      I couldn't even name any other game that gives as much freedom as Eve.
  - elefanten 3y ago
    >EVE would have been a neat place for smart contracts and programmatic corporate structures and so on I don’t know if you’ll laugh or cry to hear this… last month, CCP accepted an investment led by a16z to develop a blockchain-enabled game. In the press release, they say: “With key game systems developed on-chain, this new project will also leverage smart-contract blockchain technology, focusing on persistence, composability and truly open third-party development to create a new relationship between virtual worlds and players.“ [1] https://www.ccpgames.com/news/2023/ccp-games-has-secured-usd40m-led-by-andreessen-horowitz-for-an-innovative https://www.ccpgames.com/news/2023/ccp-games-has-secured-usd...
    - 3y ago
jandrese 3y ago
Maybe they did it over a national holiday for whomever was in the corporation? Maybe the leadership announced a holiday and these guys took advantage? Three days seems like a long time for the leadership to be completely AWOL from a game like EVE but I guess it happened.
- tokai 3y ago
  It's been year since i played it last. But in the little corp I was a part of the leadership had phone numbers and/or IM on each other to get people online quickly in emergencies. The commitment was unreal.
  - notadev 3y ago
    I’m ashamed to say I played a mobile game for just over a year called Lords Mobile. It’s basically a F2P game where you can only be competitive if you are P2P. You have a castle and can train troops, craft armor, etc., and the more money you put in the more is at stake. The mechanics make it so you have to log-in at least once a day, otherwise an enemy guild will basically set a rally in order to “zero” you. Zero basically wipes out all the real money invested in the game. I wouldn’t call it a gambling addiction, but maybe it’s something to do with the sunken cost fallacy? What surprised me was the sense of community around it. I met people from all over the world who play. We had discords, ran guilds, had actual leadership responsibilities, would call people in the middle of the night when they were being rallied, etc. Before I decided I was done, I was running bot accounts (to act as guild banks and whatnot), and it felt like a part time job. It was very involved for a mobile game. If I’m honest it was probably the sense of community I felt, which I hadn’t felt online in many years, that made me stick around. Still I don’t recommend anyone actually play it.
    - dmix 3y ago
      Do you regret your time/monetary investment? Sounds like a fun experience to me, like most things like this: it's not a problem until it a problem (aka it affects your life negatively). At least compared to most people vegging out on their couch binge watching Netflix.
airstrike 3y ago
this is why we have things like shareholder proxies and annual general meetings IRL
- JonathonW 3y ago
  And rules requiring a quorum in order to take any kind of binding action. If this were a real-world corporation, this would be a massive failure on the part of whoever set up the organization's bylaws. Since this is Eve, I don't know whether to place the blame on the corp's leadership or on CCP Games (I don't know if it's feasible for an in-game corp to require a quorum or not).
  - eru 3y ago
    > Since this is Eve, I don't know whether to place the blame on the corp's leadership or on CCP Games [...] The rules are broken, but it might still not be a failure of CCP Games: their goal is not to make rules that are good for business, but rules that are good for entertainment and engagement. Quorums are great rules in the real world, but not having them in EVE might people log in more often? And definitely makes for some great stories.
  - gus_massa 3y ago
    In the game, the problem is that some gamers quit and the shares are frozen forever, so you need some trick to make it possible to vote with less shares and keep the organization working. Anyway, IRL many organizations have somewhat similar method. For example the HOA of my building ask for a 50% of the votes at the anual meeting, but if there is no 50% after an hour, whatever votes that are there are enough. In this case, the problem is that most people don't do to the anual meeting because it's boring. Anyway, if they make a very scammy decition, I can go to a jure and they can go to jail IRL.
pg938hkd 3y ago
[flagged]
whartung 3y ago
> raiders call a shareholders' meeting but fail to provide other shareholders adequate and timely notice, Pretty much mostly unrelated, but this bit touched a spark. I remember reading some, unknown book, ages past. And somehow related to the story was one of these Board of Directors meetings. The Board was obliged to publicly announce the meeting. The board, indeed, publicly announced the meeting. In Chinese, in a small, Chinatown newspaper, nowhere near where the meeting was to take place. Just one of those clever "letter of the law" gimmicks. Always struck me as funny. (The protagonists organized a massive campaign and managed to find the announcement, so the nefarious deeds were eventually punished.)
- jachee 3y ago
  > unknown book, ages past Reminds me of Douglas Adams’s description of where the Aliens posted their plans to bulldoze Earth: “But the plans were on display…”. “On display? I eventually had to go down to the cellar to find them.” “That’s the display department.” “With a flashlight.” “Ah, well, the lights had probably gone.” “So had the stairs.” “But look, you found the notice, didn’t you?” “Yes,” said Arthur, “yes I did. It was on display in the bottom of a locked filing cabinet stuck in a disused lavatory with a sign on the door saying ‘Beware of the Leopard.”
  - throwaway173738 3y ago
    little nitpick but it’s where the local council put the notice about bulldozing his house.
    - crooked-v 3y ago
      The aliens' plans were, if I remember right, posted for display in a nearby star system, with a similar 'it's your own fault if you didn't bother to go look' justification. The indie book series Dungeon Crawler Carl, which is entirely unlike Adams' work in most ways but clearly takes some inspiration from the malevolent absurdity on display, uses a similar premise where the demolition-causing aliens let the pharaohs know 40,000 years ago and that serves as sufficient legal notice.
Tommstein 3y ago
The reason quorums were invented.
selcuka 3y ago
> It's unclear why none of the other shareholders voted though. Did they quit the game or something? The Reddit thread [1] has more info on that: > So we settled in and watched, gaining an insight into when they were active and latest the most important part, who was active. In this intelligence gathering phase it clearly showed minimal activity, especially by the CEO and Directors. This fact encouraged us! > Another sign for us that the CEO, the person in charge was barely active. > We watched and waited, then one evening we set the wheels in motion. I moved enough shares to our agent to create a vote for CEO. The vote came up on my screen and we both voted yes! This now for the duration of the vote locks out the current CEO’s roles, but sadly not the Directors. This was worrisome as we now had a 72 hours wait on our hands before the CEO role and all its power was transferred to our agent. > Over this time DOTLAN and the Corp description showing the new CEO and still no one noticed! No one in EHEXP or Horde, it was eerily silent. We checked nearly every waking hour to see if our plan would be found out, but it remained slowly moving to the final outcome. [1] https://old.reddit.com/r/Eve/comments/12a6szd/pandemic_horde_corporation_looses_2_trillion_isk/ https://old.reddit.com/r/Eve/comments/12a6szd/pandemic_horde...
- thrashh 3y ago
  Reading the comments, it sounds like the perpetrator somehow first got the shares and this is not normally possible? Sounds fishy. I don’t know anything about EVE though.
  - geraldhh 3y ago
    correct you have to be trusted somehow to gain access to these shares in the first place. thou afaik they were never important for anything else than showing of.
    - Ntrails 3y ago
      Using shares to gain control of someone elses corp and steal their stuff is an extremely old scam. Like, it was very well understood some 15 years ago. The mechanics haven't changed. I don't remember the details well, it was a long time ago, but there was a step by step guide to stealing a corp away. You had to have roles. I got them via the standard alliance recruitment "need a temp director to run a full corp check via api". Believable, and 24 hours later the corp was mine along with all its assets (a lot less than this).
ummonk 3y ago
From reading the reddit comments, I'm not sure there were any other shareholders. Apparently 1000 shares are created upon corporation founding and the person who arranged the heist had 1000 shares so it would seem they had come into full ownership of the corp somehow.
- Operyl 3y ago
  They start with 1k, and more shares can be created via the voting system. You only need 5% of the shares to call a vote, though. https://support.eveonline.com/hc/en-us/articles/203268871-Shares-and-Shareholders https://support.eveonline.com/hc/en-us/articles/203268871-Sh... https://support.eveonline.com/hc/en-us/articles/203268841-Corporation-Votes#:~:text=votes%20are%20available%3A-,Run%20for%20CEO,-Allows%20for%20replacing https://support.eveonline.com/hc/en-us/articles/203268841-Co...
yieldcrv 3y ago
ah just $22,000? people do this with flash loans periodically for way more of a bounty, 10s of millions maybe even hundreds of millions in a single takeover no 3 day wait necessary, just 1 block borrow money, buy enough of the governance token, launch a proposal to change treasurer to yourself, pass the proposal, withdraw from the treasury, sell tokens, return borrowed money
- SilasX 3y ago
  Took me a while to find, but yes, the most notable version of this attack was the $182 million one on Beanstalk, about a year ago, where someone used a flash loan (meaning, access to nearly unlimited money as long as you pay it back in the block) to add new assets, issuing themselves a majority of shares, which they then used to vote themselves the project's assets, then redeemed their shares, pulled the assets out, and repaid the loan. web3isgoinggreat account with sources: https://web3isgoinggreat.com/?id=beanstalk-farms-stablecoin-project-loses-182-million-to-exploit https://web3isgoinggreat.com/?id=beanstalk-farms-stablecoin-...
  - ansible 3y ago
    That website is really something else. Where TF is all this money coming from that gets invested in various NFTs, DeFi projects and exchanges, and more? It seems endless.
    - jrib 3y ago
      https://rekt.news/ https://rekt.news/ is similar and generally does a good job of explaining the "how"
    - deleted 3y ago
      [deleted]
    - yieldcrv 3y ago
      VCs, retail, prior exploiters, gamblers, it circulates. There are orders of magnitude more Defi projects than the ones that get exploited and posted about. And the projects that get exploited go more days without incident, like construction sites. Think of if as if you evaluated the entire tech sector based on an international headline of a single phishing attack. You would have a skewed view that leads you to ask the same question, because there are always phishing attacks and little coverage of a deeper conversation. That’s kind of how it was 25 years ago in tech. Now people largely ignore that and talk about what organizations build, while the other problems never went away.
opyate 3y ago
In the Silicon Valley TV show, Richard also gets the Hooli board to sign a document, which Gavin (Hooli CEO) has 2 hours to object to, but he's off doing a triathlon.
mejutoco 3y ago
Very interesting! What you describe (inaccessible location) is also similar to the German elections after the Reichstag fire: > After the Fire Decree was issued, the Nazi-controlled police made mass arrests of communists, including all of the communist Reichstag delegates. This severely crippled communist participation in the 5 March elections. After the 5 March elections, the absence of the communists gave the Nazi Party a majority in the Reichstag, greatly assisting the Nazi seizure of total power. https://en.wikipedia.org/wiki/Reichstag_fire https://en.wikipedia.org/wiki/Reichstag_fire
JCharante 3y ago
This stuff often happens. I think in 2016 Brave Alliance had a Coup (actually they've had like 16 failed coups by now) where at midnight the CEOs of corporations that make up the Alliance held a vote when the current Alliance leader was asleep to change leadership.

by from 3y ago

ClumsyPilot 3y ago

I used to play the game, like 13 years ago. I recall a similar drama about someome inflitrating a major organisation and stealing everything. Endless arguments on whether this is a feature or a bug. Last time it was more of a sociel engineering and betrayal, this time it's more of a mechanical exploit.

xoa 3y ago
Disclaimer, been an extremely long time since I played as well, I think 12 years in my case. Though I honestly kind of regret quitting. Back then I thought EVE was merely an early progenitor of what would be a bunch of better sandbox MMOs, and was upset with some of the directions CCP was going and potential they were squandering. Little did I know :(. >Endless arguments on whether this is a feature or a bug. Last time it was more of a sociel engineering and betrayal, this time it's more of a mechanical exploit. One thing I do remember a lot of us being frustrated by though was that while they sunk lots of development effort into "walking in stations" and planet stuff that wasn't space, a lot of the corporate mechanics stayed pretty primitive. I do think it's kind of a bug if more serious corporate structures couldn't be developed. EVE would have been a neat place for smart contracts and programmatic corporate structures and so on, just let everyone go wild setting up constraints and checks within some reasonable computational cap. Interesting options to tie in (or not, depending on reputation, could be another neat set of tradeoffs) to NPC governments as well. But having a lot of corp/alliance aspects be kinda clunky in terms of management, comms, stores and so on always felt like one of the various wasted opportunities. Wow, amazing how it comes back in pieces. It really is quite the project whatever its flaws. A lot of other MMOs from its era have come and gone. Glad it still exists at all.
- voldacar 3y ago
  What sandbox MMOs do you like more?
  - vgb2k18 3y ago
    My reading was they anticipated better Sandbox MMOs for the near future, but none eventually were better...
    - voldacar 3y ago
      Oh I see. Yeah, I read that weirdly
      - ansible 3y ago
        Instead, we have these experiments in digital corporate governance on blockchains instead. Which would be more fun if there wasn't so much hype and fraud.
  - Cthulhu_ 3y ago
    I couldn't even name any other game that gives as much freedom as Eve.
- elefanten 3y ago
  >EVE would have been a neat place for smart contracts and programmatic corporate structures and so on I don’t know if you’ll laugh or cry to hear this… last month, CCP accepted an investment led by a16z to develop a blockchain-enabled game. In the press release, they say: “With key game systems developed on-chain, this new project will also leverage smart-contract blockchain technology, focusing on persistence, composability and truly open third-party development to create a new relationship between virtual worlds and players.“ [1] https://www.ccpgames.com/news/2023/ccp-games-has-secured-usd40m-led-by-andreessen-horowitz-for-an-innovative https://www.ccpgames.com/news/2023/ccp-games-has-secured-usd...
  - 3y ago

jandrese 3y ago

Maybe they did it over a national holiday for whomever was in the corporation? Maybe the leadership announced a holiday and these guys took advantage? Three days seems like a long time for the leadership to be completely AWOL from a game like EVE but I guess it happened.

tokai 3y ago
It's been year since i played it last. But in the little corp I was a part of the leadership had phone numbers and/or IM on each other to get people online quickly in emergencies. The commitment was unreal.
- notadev 3y ago
  I’m ashamed to say I played a mobile game for just over a year called Lords Mobile. It’s basically a F2P game where you can only be competitive if you are P2P. You have a castle and can train troops, craft armor, etc., and the more money you put in the more is at stake. The mechanics make it so you have to log-in at least once a day, otherwise an enemy guild will basically set a rally in order to “zero” you. Zero basically wipes out all the real money invested in the game. I wouldn’t call it a gambling addiction, but maybe it’s something to do with the sunken cost fallacy? What surprised me was the sense of community around it. I met people from all over the world who play. We had discords, ran guilds, had actual leadership responsibilities, would call people in the middle of the night when they were being rallied, etc. Before I decided I was done, I was running bot accounts (to act as guild banks and whatnot), and it felt like a part time job. It was very involved for a mobile game. If I’m honest it was probably the sense of community I felt, which I hadn’t felt online in many years, that made me stick around. Still I don’t recommend anyone actually play it.
  - dmix 3y ago
    Do you regret your time/monetary investment? Sounds like a fun experience to me, like most things like this: it's not a problem until it a problem (aka it affects your life negatively). At least compared to most people vegging out on their couch binge watching Netflix.

airstrike 3y ago

this is why we have things like shareholder proxies and annual general meetings IRL

JonathonW 3y ago
And rules requiring a quorum in order to take any kind of binding action. If this were a real-world corporation, this would be a massive failure on the part of whoever set up the organization's bylaws. Since this is Eve, I don't know whether to place the blame on the corp's leadership or on CCP Games (I don't know if it's feasible for an in-game corp to require a quorum or not).
- eru 3y ago
  > Since this is Eve, I don't know whether to place the blame on the corp's leadership or on CCP Games [...] The rules are broken, but it might still not be a failure of CCP Games: their goal is not to make rules that are good for business, but rules that are good for entertainment and engagement. Quorums are great rules in the real world, but not having them in EVE might people log in more often? And definitely makes for some great stories.
- gus_massa 3y ago
  In the game, the problem is that some gamers quit and the shares are frozen forever, so you need some trick to make it possible to vote with less shares and keep the organization working. Anyway, IRL many organizations have somewhat similar method. For example the HOA of my building ask for a 50% of the votes at the anual meeting, but if there is no 50% after an hour, whatever votes that are there are enough. In this case, the problem is that most people don't do to the anual meeting because it's boring. Anyway, if they make a very scammy decition, I can go to a jure and they can go to jail IRL.

pg938hkd 3y ago

[flagged]

whartung 3y ago

> raiders call a shareholders' meeting but fail to provide other shareholders adequate and timely notice, Pretty much mostly unrelated, but this bit touched a spark. I remember reading some, unknown book, ages past. And somehow related to the story was one of these Board of Directors meetings. The Board was obliged to publicly announce the meeting. The board, indeed, publicly announced the meeting. In Chinese, in a small, Chinatown newspaper, nowhere near where the meeting was to take place. Just one of those clever "letter of the law" gimmicks. Always struck me as funny. (The protagonists organized a massive campaign and managed to find the announcement, so the nefarious deeds were eventually punished.)

jachee 3y ago
> unknown book, ages past Reminds me of Douglas Adams’s description of where the Aliens posted their plans to bulldoze Earth: “But the plans were on display…”. “On display? I eventually had to go down to the cellar to find them.” “That’s the display department.” “With a flashlight.” “Ah, well, the lights had probably gone.” “So had the stairs.” “But look, you found the notice, didn’t you?” “Yes,” said Arthur, “yes I did. It was on display in the bottom of a locked filing cabinet stuck in a disused lavatory with a sign on the door saying ‘Beware of the Leopard.”
- throwaway173738 3y ago
  little nitpick but it’s where the local council put the notice about bulldozing his house.
  - crooked-v 3y ago
    The aliens' plans were, if I remember right, posted for display in a nearby star system, with a similar 'it's your own fault if you didn't bother to go look' justification. The indie book series Dungeon Crawler Carl, which is entirely unlike Adams' work in most ways but clearly takes some inspiration from the malevolent absurdity on display, uses a similar premise where the demolition-causing aliens let the pharaohs know 40,000 years ago and that serves as sufficient legal notice.

Tommstein 3y ago

The reason quorums were invented.

selcuka 3y ago

> It's unclear why none of the other shareholders voted though. Did they quit the game or something? The Reddit thread [1] has more info on that: > So we settled in and watched, gaining an insight into when they were active and latest the most important part, who was active. In this intelligence gathering phase it clearly showed minimal activity, especially by the CEO and Directors. This fact encouraged us! > Another sign for us that the CEO, the person in charge was barely active. > We watched and waited, then one evening we set the wheels in motion. I moved enough shares to our agent to create a vote for CEO. The vote came up on my screen and we both voted yes! This now for the duration of the vote locks out the current CEO’s roles, but sadly not the Directors. This was worrisome as we now had a 72 hours wait on our hands before the CEO role and all its power was transferred to our agent. > Over this time DOTLAN and the Corp description showing the new CEO and still no one noticed! No one in EHEXP or Horde, it was eerily silent. We checked nearly every waking hour to see if our plan would be found out, but it remained slowly moving to the final outcome. [1] https://old.reddit.com/r/Eve/comments/12a6szd/pandemic_horde_corporation_looses_2_trillion_isk/ https://old.reddit.com/r/Eve/comments/12a6szd/pandemic_horde...

thrashh 3y ago
Reading the comments, it sounds like the perpetrator somehow first got the shares and this is not normally possible? Sounds fishy. I don’t know anything about EVE though.
- geraldhh 3y ago
  correct you have to be trusted somehow to gain access to these shares in the first place. thou afaik they were never important for anything else than showing of.
  - Ntrails 3y ago
    Using shares to gain control of someone elses corp and steal their stuff is an extremely old scam. Like, it was very well understood some 15 years ago. The mechanics haven't changed. I don't remember the details well, it was a long time ago, but there was a step by step guide to stealing a corp away. You had to have roles. I got them via the standard alliance recruitment "need a temp director to run a full corp check via api". Believable, and 24 hours later the corp was mine along with all its assets (a lot less than this).

ummonk 3y ago

From reading the reddit comments, I'm not sure there were any other shareholders. Apparently 1000 shares are created upon corporation founding and the person who arranged the heist had 1000 shares so it would seem they had come into full ownership of the corp somehow.

Operyl 3y ago
They start with 1k, and more shares can be created via the voting system. You only need 5% of the shares to call a vote, though. https://support.eveonline.com/hc/en-us/articles/203268871-Shares-and-Shareholders https://support.eveonline.com/hc/en-us/articles/203268871-Sh... https://support.eveonline.com/hc/en-us/articles/203268841-Corporation-Votes#:~:text=votes%20are%20available%3A-,Run%20for%20CEO,-Allows%20for%20replacing https://support.eveonline.com/hc/en-us/articles/203268841-Co...

yieldcrv 3y ago

ah just $22,000? people do this with flash loans periodically for way more of a bounty, 10s of millions maybe even hundreds of millions in a single takeover no 3 day wait necessary, just 1 block borrow money, buy enough of the governance token, launch a proposal to change treasurer to yourself, pass the proposal, withdraw from the treasury, sell tokens, return borrowed money

SilasX 3y ago
Took me a while to find, but yes, the most notable version of this attack was the $182 million one on Beanstalk, about a year ago, where someone used a flash loan (meaning, access to nearly unlimited money as long as you pay it back in the block) to add new assets, issuing themselves a majority of shares, which they then used to vote themselves the project's assets, then redeemed their shares, pulled the assets out, and repaid the loan. web3isgoinggreat account with sources: https://web3isgoinggreat.com/?id=beanstalk-farms-stablecoin-project-loses-182-million-to-exploit https://web3isgoinggreat.com/?id=beanstalk-farms-stablecoin-...
- ansible 3y ago
  That website is really something else. Where TF is all this money coming from that gets invested in various NFTs, DeFi projects and exchanges, and more? It seems endless.
  - jrib 3y ago
    https://rekt.news/ https://rekt.news/ is similar and generally does a good job of explaining the "how"
  - deleted 3y ago
    [deleted]
  - yieldcrv 3y ago
    VCs, retail, prior exploiters, gamblers, it circulates. There are orders of magnitude more Defi projects than the ones that get exploited and posted about. And the projects that get exploited go more days without incident, like construction sites. Think of if as if you evaluated the entire tech sector based on an international headline of a single phishing attack. You would have a skewed view that leads you to ask the same question, because there are always phishing attacks and little coverage of a deeper conversation. That’s kind of how it was 25 years ago in tech. Now people largely ignore that and talk about what organizations build, while the other problems never went away.

opyate 3y ago

In the Silicon Valley TV show, Richard also gets the Hooli board to sign a document, which Gavin (Hooli CEO) has 2 hours to object to, but he's off doing a triathlon.

mejutoco 3y ago

Very interesting! What you describe (inaccessible location) is also similar to the German elections after the Reichstag fire: > After the Fire Decree was issued, the Nazi-controlled police made mass arrests of communists, including all of the communist Reichstag delegates. This severely crippled communist participation in the 5 March elections. After the 5 March elections, the absence of the communists gave the Nazi Party a majority in the Reichstag, greatly assisting the Nazi seizure of total power. https://en.wikipedia.org/wiki/Reichstag_fire https://en.wikipedia.org/wiki/Reichstag_fire

JCharante 3y ago

This stuff often happens. I think in 2016 Brave Alliance had a Coup (actually they've had like 16 failed coups by now) where at midnight the CEOs of corporations that make up the Alliance held a vote when the current Alliance leader was asleep to change leadership.