REKT

BITGET'S VOXEL MELTDOWN

Turns out, market-making bots don't always print money... especially for the ones who built them.

Bitget's VOXEL/USDT pair transformed from crypto backwater to arbitrage paradise when a rogue algorithm started buying high and selling low every three seconds like clockwork.

Quick-fingered traders allegedly drained $100+ million before Bitget hit the kill switch, freezing accounts and rolling back trades faster than you could say "terms of service violation."

Some lucky gamblers escaped with millions in withdrawals while others watched helplessly as their fat profits evaporated into "market manipulation" accusations.

Now Bitget's CEO, Gracy Chen- who once publicly roasted competitors for similar reversals - finds herself serving the same damage control casserole to an increasingly skeptical audience.

In a market built on immutability, how many COINTROLs+Z can you press before users stop trusting the undo button?

You wake up on April 20th. VOXEL, a metaverse token normally trading with all the excitement of watching paint dry - is suddenly pumping harder than a hedge fund manager's heart rate during a margin call.

Behind the chaos?

Bitget's rogue market-making bot having a full mechanical breakdown - trapped in a degenerate's dream loop of buying low and selling high every three seconds with Swiss watch regularity.

Sharp-eyed traders spotted the pattern and pounced. Leveraged positions turned pocket change into retirement funds as the bot's predictable oscillations created a real-life money glitch.

Trading volume for this obscure token skyrocketed to $12.7 billion in 24 hours - surpassing even Bitcoin's trading activity on the platform.

Some users walked away with millions before the hammer dropped.

BLOCKCHAIN SLUMLORDS

For those of us who've lived in homes with sagging ceilings and absent landlords, this isn't just another crypto horror story.

It's déjà vu - only now, the neglect is tokenized.

RealT promised a financial revolution: slice Detroit homes into digital tokens, let overseas investors grab a piece for just $50, and watch the passive income roll in.

But what happens when thousands of distant token holders collectively shrug at black mold?

When no one shows up to fix the leaking roof because ownership has been fractured into untraceable blockchain addresses?

Tenants like Shirquera Ayers found out the hard way, living with crumbling ceilings and unpaid property taxes while RealT racked up over 1,000 blight violations.

Meanwhile, the company's glossy marketing materials kept promising "democratized ownership" and "community investment."

Who answers the desperate call of a single mother when her toilet overflows and her landlord is a smart contract?

Ray Bradbury nailed it many decades ago.

In "The Veldt," a family installs a nursery that creates immersive virtual worlds.

When the parents try to shut it down, the children program it to trap them in an African savanna where virtual lions devour them – a chilling parable about technology without responsibility.

Fast forward to 2025. RealT isn't revolutionizing real estate - they're just packaging slumlording into tokens.

Investors get fractional ownership and weekly dividends. Tenants get black mold and crickets when they report broken toilets.

The blockchain doesn't fix the pipes. It just obscures who's supposed to.

Public records paint a devastating picture: 1,200+ housing units across Detroit, with 300+ behind on taxes, 1,000+ blight violations, and around 200 facing foreclosure.

The company owes Detroit at least $2 million in unpaid taxes and tickets.

This isn't some small crypto experiment. It's gentrification by algorithm.

RealT has amassed a troubling track record in Detroit, while expanding its operations to Cleveland, Chicago, and St. Louis.

KILOEX

KiloEx just learned the hard way that fancy multi-chain deployments don't protect you from basic security flaws.

Their multi-chain perpetual protocol lost almost $7.5 million after an attacker slid into their oracle's code with a wallet funded through Tornado Cash.

One minute you're celebrating your Binance backing, the next you're begging a faceless hacker to accept a 10% bounty and return your users' funds.

While the team was busy expanding across Base, BNB Chain, and Taiko, they somehow missed the gaping hole in their oracle implementation that practically screamed "rob me."

The attacker didn't need some novel zero-day exploit - just the digital equivalent of walking through an unlocked front door.

When will protocols learn that having "Kilo" in your name doesn't automatically give you the heavyweight security needed in DeFi's bloodsport arena?

Price manipulation? More like price annihilation.

Security engineer Chaofan Shou sounded the first alarm on April 14th - "KiloEx_perp is hacked. $6M+ loss already. Likely due to price oracle access control issues."

Minutes later, Shou confirmed the fatal flaw - "Anyone can change Kilo's price oracle."

Twenty minutes after Shou's alert, Cyvers Alerts confirmed the bloodbath - "$7M HACK ALERT" across multiple chains.

The attack had already metastasized from BNB to Base to Taiko, funds draining like a punctured artery.

KiloEx acknowledged the security incident hours later, suspending platform usage and working with security partners to trace the flow of funds.

Ready to measure just how lightweight KiloEx's security really was?

LOOPSCALE

Sixteen days. That's all it took for Loopscale to join crypto's hall of shame.

Fresh off their launch party, the Solana lending protocol watched helplessly as an attacker drained $5.8 million through their gaping oracle vulnerability on April 26.

One stale price feed was all it took - the digital equivalent of leaving your vault combination taped to the front door. With an audit report warning about oracle validation issues, Loopscale's team somehow found time to market but apparently not time to patch.

Their attacker didn't need a PhD in blockchain vulnerabilities - just a basic playbook: mess with collateral prices, grab under-collateralized loans, empty the vaults, bridge the loot, and vanish into crypto's shadowy corners.

Now Loopscale joins crypto's endless conga line of hacked protocols - sliding into their attacker's DMs with bounty offers while tweeting reassurances like a pilot smiling through engine failure.

When will protocols learn that flashy launches mean nothing if your security is held together with digital duct tape?

Stale prices and undercollateralized loans - a match made in DeFi hell.

Loopscale slammed the brakes on their markets and announced the exploit - but by then, the vaults were already bleeding out.

Mary, Loopscale's co-founder chimed in, "an attacker took out a series of undercollateralized loans on the protocol, exploiting the Loopscale USDC and SOL Vaults for ~$5.8M."

The exploit's surgical precision would be impressive if it weren't so damn predictable.

While Loopscale scrambled to contain the situation, Max N. had already spotted the smoking gun - the attacker simply deployed a malicious price feed and called Loopscale's own create_loan function, elegantly sidestepping security measures with the digital equivalent of a counterfeit ID.

How many times must this lesson be learned?

Price oracle manipulation has been one of DeFi’s oldest tricks in the book - and somehow, protocols still keep leaving the back door wide open.

The attack stripped roughly 12% of Loopscale's total value.