Web3 is Going Just Great

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...and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet. Created by Molly White. Subscribe to her newsletter for weekly recaps. Other crypto platforms affected included TEN Finance and Movement. Because the animations library is widely used, other non-crypto-related websites also showed the prompt. Shortly after the theft, M2 acknowledged the hack and announced that "the situation has been fully resolved". This apparently involved M2 restoring customer funds from their own assets, rather than recovering the stolen assets. The government has not made any statements regarding the movement of assets. The following day, $19.3 million in tokens were returned to the original wallet. As the token price stuttered along with these revelations, insiders apparently decided to quit while they were ahead, and cashed out in a quick and coordinated sale. Both studios had several games in progress, and two of Phoenix Labs' games were explicitly designed

June 18, 2026 Aztec Connect hacked for a second time in less than a week (attribution) Three days after Aztec Labs' deprecated Aztec Connect blockchain bridge was exploited for $2.1 million, the project has been hacked again for the same amount. Aztec Labs confirmed the second exploit, again trying to emphasize that the code was deprecated four years ago. The hacks are part of a spate of exploits targeting legacy smart contracts belonging to projects including Raydium and DxSale . Although some projects have developed techniques to circumvent the immutable nature of blockchains and allow smart

Web3 is Going Just Great

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