DeFi Security Alert & Pump.fun Extraction Exposed
Algod is urging DeFi users to withdraw funds for 1-2 years citing many critical bugs found by white-hats, while Bubblemaps exposed a serial pumpfun extractor who pulled $130K across hundreds of callouts.
What we know
Algod issued a stark DeFi warning: 'I would heavily advise to withdrawal your money from defi protocols for the next 1-2 years. Hearing of many critical bugs being found by white-hackers, only a matter of time before someone bad runs into them.' Separately, an account on X exposed another account on X, an ex-construction worker who became a serial pumpfun extractor: 5 side wallets, 500+ callouts, $130K extracted. Another account on X amplified the thread. The STONK ecosystem was also accused of market-maker manipulation and exit-scamming during the bear market.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.