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web3 is going just great's posts Back to profile
16 posts total
web3 is going just great
web3 is going just great

McDonald's Instagram hacked, hackers claim $700,000 haul

August 21, 2024
web3isgoinggreat.com/?id=mcdon

McDonald's Instagram hacked, hackers claim $700,000 haul McDonald's Instagram account, as well as the Twitter account of a McDonald's marketing director, began promoting a memecoin called $GRIMACE (named for the restaurant chain's blobby purple mascot). The posts to McDonald's 5.1 million followers caused the token price to spike. Then, the attacker sold off their holdings, profiting around $700,000 and plunging the token price.
They then boasted about their haul on the compromised Instagram account, changing the bio to say: "Sorry mah nigga you have just been rug pulled by India_X_Kr3w thank you for the $700,000 in Solana 🇮🇳". The token stunt by the massive company was perhaps made more believable by McDonald's previous forays into crypto, including when they launched a McRib-themed NFT project in December 2021. The company had also joked about a "Grimacecoin" back in January 2022, in a reply to a tweet from Elon Musk.
27 August at 17:50 | Open on indieweb.social
George Liquor :verified:
C.S.Strowbridge

@web3isgreat

There's a legal concept called Libel-proof. In short, your reputation is so bad that nothing anyone says will drop it lower, so you can't sue for libel.

I think there should be a concept called fraud-proof. You are so gullible that no one can commit fraud against you, because you would have given them money no matter what. Buying $Grimace tokens would be all the evidence needed.

27 August at 19:54 | Open on mastodon.social
web3 is going just great

Project promising to rug pull raises almost $29,000

April 3, 2024
web3isgoinggreat.com/?id=rug-p

Project promising to rug pull raises almost $29,000 A project describing itself as "The world's first memecoin pre-announced as a rugpull" was explicit in its marketing: "do not buy this coin, as it will go to zero." Despite that, people sent the creator over 8.8 ETH (almost $29,000) for the project's "pre-sale", even as they repeated on Twitter that the project was a scam and that no one should buy it.
4 April at 3:30 | Open on indieweb.social
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awooo :autism:​🏴‍☠️🐾⎇

@web3isgreat holds up sign

Please, if you don't know what to do with your money...

Give it to a poor maintainer, commission some sick art, invest it in something promising...

4 April at 13:38 | Open on floofy.tech
Talmai Oliveira

@web3isgreat unrealistic, but wouldn't it be amazing if we could overlay where in the world the money came/got transferred from?

4 April at 14:47 | Open on mastodon.acm.org
badeline (real)
@web3isgreat everyone who invested in this deserves exactly what's coming to them
4 April at 16:16 | Open on labyrinth.zone
web3 is going just great

tea​.xyz causes a flood of spam pull requests to open source projects

February 26, 2024
web3isgoinggreat.com/?id=teaxy

tea.xyz causes a flood of spam pull requests to open source projects This crypto skeptic I've heard of once said "Show me the incentive and I will show you the outcome." A project called tea.xyz promised people they could "get rewards for [their] open-source contributions", complete with a flashy website describing how it would "enhance the sustainability of open-source software". So far, it's achieved the exact opposite. Promising to reward open source contributors with crypto tokens, the project asked users to verify their access to open source projects by merging in a YAML file containing their crypto wallet address. This kicked off a flood of pull requests to prominent, often non-crypto-related open source projects by people who had never contributed to the project (or, often, any open source project), but who wished to merge in a file describing them as a "code owner".
Particularly impacted by this project was the open source blogging platform Ghost, which was used as an example in the demo video released by tea.xyz, and which received several PRs of this kind. A somewhat flummoxed maintainer of the repository replied to one PR: "[I]n practice the TEA project is not helping to support the Ghost project, but is instead causing a rush of self-serving PRs to be submitted to cash-in on other people's work. ... This why people hate on crypto." A maintainer of another unrelated open source project called "ghost" also reported receiving an influx of spam PRs. This is not the first time crypto has generated massive Github spam, although another recent incident was (blessedly) mostly limited to open-source crypto projects and didn't waste the time of non-crypto-related projects as this one has.
27 February at 14:49 | Open on indieweb.social
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awooo :autism:​🏴‍☠️🐾⎇

@web3isgreat I hate whatever this fucked up timeline we've ended up in is

27 February at 15:00 | Open on floofy.tech
iliazeus

@web3isgreat oh, aren't those the same guys that are making a package manager and decided to generate package descriptions with an LLM?

github.com/pkgxdev/pantry/issu

27 February at 15:02 | Open on lor.sh
CM Skellington

@web3isgreat @troublewithwords I think what we’ve learned from this is to stop calling things ‘ghost’ ;-)

27 February at 15:09 | Open on mastodon.online
web3 is going just great
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ticho

@web3isgreat With any luck, Meta will be a trendsetter in this. :)

14 Mar 2023 at 0:57 | Open on mastodon.sk
epicEaston197
Marc Jacobs

@web3isgreat Meta is now an object lesson in some Crossing the Chasm slide set. In a bad way.

14 Mar 2023 at 2:27 | Open on mstdn.social
web3 is going just great
web3 is going just great

Tesla lost $140 million trading Bitcoin in 2022

January 31, 2023https://web3isgoinggreat.com/?id=tesla-lost-140-million-trading-bitcoin-in-2022

Tesla lost $140 million trading Bitcoin in 2022 Elon Musk's $1.5 billion Bitcoin bet at Tesla turned out to be a bad deal. He sunk the funds into Bitcoin in January 2021, when Bitcoin was trading between $30,000 and $40,000. Simultaneously, he announced that Tesla would begin accepting Bitcoin — an announcement that was quickly reversed when someone apparently pointed out to Musk that Bitcoin is an environmental nightmare. Tesla sold most of its Bitcoin in Q2 2022, following the grand crypto tradition of buying high and selling low. Now, according to SEC filings, Tesla suffered a net loss of $140 million in 2022 thanks to the gamble. Their reported $64 million in trading profits were eclipsed by their $204 million loss. Tesla still holds somewhere around 11,000 BTC.
31 Jan 2023 at 17:21 | Open on indieweb.social
web3 is going just great
web3 is going just great
Zalasur 🐵

@web3isgreat Multiple suspiciously specific denials in that public statement 😂

6 Sep 2022 at 0:28 | Open on mastodon.technology
web3 is going just great
web3 is going just great
web3 is going just great

In April, Reuters reported that Binance supplied the Putin regime with information on those who donated to Navalny, but the AP have not suggested that that was how authorities decided to target Zayakin.

twitter.com/web3isgreat/status

31 Aug 2022 at 2:28 | Open on indieweb.social
web3 is going just great
web3 is going just great
web3 is going just great
web3 is going just great
web3 is going just great
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