QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
UNKNOWN
DECEMBER 2021
GLOBAL
ETHEREANSOS
DESCRIPTION OF EVENTS
"EthereansOS provides features that allow anyone to easily create DeFi products, sophisticated token standards, and 100% on-chain organizations. While also providing a straightforward way for developers to monetize and token holders to profit."
"Everything is set up to make the accessibility and performance of building in web3 seamless and is dedicated to ensuring the core principles of the blockchain (decentralization, scalability, and security) are kept at the core of every application built within its framework."
The Items v2 protocol discovered a critical bug that could have been exploited by a malicious actor to create an infinite supply of $OS tokens, which could then have been dumped into open OS pools. To prevent this, the protocol team conducted what they called a "White Hat Rug Pull." They used the exploit to mint enough $OS tokens and sold them for all the ETH and USDC in the affected pools. They then worked to return these funds to the rightful owners at no loss.
Users who had assets in these pools at block 13506003 can now claim their ETH and USDC back. Additionally, those with $OS and ETH staked in the Covenants farm will receive a bonus of 0.15 ETH when claiming. A new iteration of the Items v2 protocol was deployed, and users can claim their new $OS tokens based on the amount they held at the time of the snapshot.
This incident allowed the protocol to make some upgrades, including better decimals management and more granular governance of collections by hosts. Despite the hack, the team maintains that their roadmap is on track, and E-Day is not delayed.
The new $OS contract address is 0x6100dd79fCAA88420750DceE3F735d168aBcB771, and its name is "Ethereans (OS)." They are working on updating various platforms and wallets with this information. The compensation for gas fees is sourced from the EthOS public treasury and the NERV treasury.
The Items v2 protocol discovered a critical bug that could have been exploited by a malicious actor to create an infinite supply of $OS tokens, which could then have been dumped into open OS pools. To prevent this, the protocol team conducted what they called a "White Hat Rug Pull." They used the exploit to mint enough $OS tokens and sold them for all the ETH and USDC in the affected pools. They then worked to return these funds to the rightful owners at no loss.
The White Hat Rug Pull Your Eth Usdc And Os Are Safe All Is Well (Nov 4)
An Overview of Ethereansos (Sep 12)
https://medium.com/ethereansos (Sep 12)
EthereansOS (Sep 12)
EthereansOS (Sep 12)
EthereansCommunity - Facebook (Sep 12)
Groups - Facebook (Sep 12)
Index - EthereansOS Docs (Sep 12)
