Newsletter #390 - (Funds) Drifting Away

Hey Shitcoiners,

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Your bags are feeling as heavy as they did last week. If you came back from a 6 month hiatus recently, we hate to break it to you, but you were too early. But alas, it’s a new month!

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Every year the start of April brings with it a unique challenge; it is time for you to sift through an endless onslaught of cringe April Fools jokes. That aside, we did have quite an eventful week.

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The biggest news up first. Only a couple of days ago, we got wind that Drift had been exploited. RIP.

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It was not an April Fools joke.

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Here’s the full post-mortem for those interested.

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The funds were on the move for several hours and shock, Circle did literally nothing.

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One CT user allegedly reached out to Zach before the hack but suffered from a strong case of “the boy who cried wolf”. Why he didn’t message anyone else remains a mystery.

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Hayden pointed out that those on-chain decentralized perps may not be as decentralized as you think. He’s definitely not grave dancing here.

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Is your multisig setup strong enough, anon?

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In other news, we learned that Google thinks we need to make some big changes in the next 3 years or it’s all over.

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Stop panicking.

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Many will lose their tokens long before they have to worry about quantum resistance. Don’t go connecting that wallet!

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The Ethereum community has descended on Cannes and they have a new lead spokesperson.

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Controversially, the most “accepting” community in crypto had varying reactions to her newfound fame.

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Remember we mentioned the April Fools cringe? Here you go.

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We round off this latest edition with an important question: how is anyone affording business class seats in this market?

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See you next week.

Team Shitcoin.com