QUADRIGA INITIATIVE
CRYPTO WATCHDOG & FRAUD RECOVERY PLATFORM
A COMMUNITY-BASED, NOT-FOR-PROFIT
$34 000 USD
JUNE 2024
GLOBAL
JOKINTHEBOXETH
DESCRIPTION OF EVENTS
"MEV Bot for Everyone Copy Sniping & AI Social Bot. Enjoy private access to sandwich attacks, copy sniping and Unlock Passive Income through Stacking and Taxes! Empower Revenue Generation and Maximize Daily Engagement with Our Advanced AI-Driven Social Algorithm."
"JokInTheBox stands at the forefront of blockchain innovation. Built on the robust Ethereum blockchain, our project is dedicated to revolutionizing the crypto space with cutting-edge technology and a community-centric approach." "Our MEV Bot is built to be the best in the market. Our developers and mathematicians keep improving it for top performance. It works on many DEXs and pairs, and supports various networks. Best of all, 100% of the profits go to $JOK stakers."
"Enhance social engagements with our AI tools! Use our Telegram Bot for better group chats or have fun on Twitter with our Automated Crypto Trading Bot. Each time you use them, 777 JOK Tokens are burned, making our platform more visible and viral! Our platform uses Advanced Crypto Trading Bot Strategies and High Frequency Crypto Trading to give you the best performance."
"Stake your $JOK Tokens and earn daily income from our MEV Bot and Sandwich Bot. Profits are distributed daily at 00:00 UTC. Enjoy maximized returns with our Algorithmic Crypto Trading and Crypto Transaction Optimization."
"Since the unstake function does not check the state of the variable "unstake", the exploiter could unstake multiple times and drian the assets."
"MEV Bot JokInTheBoxETH was attacked, lost ~$34K. The root cause of the exploit was poorly implemented unstake function fo the staking contract. Since the unstake function does not check the state of the variable "unstake", the exploiter could unstake multiple times and drian the assets."
#34k
"How are we going to compensate for the loss of our users? We will airdrop the exact amount of tokens each user staked and lost on the platform within 24h."
"We were planning to burn 15% of the supply. Instead, we will use that supply to airdrop tokens to our users. We still want to reduce the circulating supply. We will regularly buy back from the market and burn. Than means we are going to buy 110B $JOK token from the market over the time."
"We believe it's a better solution than relaunch.
Our community showed strong support. We can't thank you enough. Some might think that it's unfair that some "new whales" took the opportunity to buy that dip. But they took a huge risk doing it.
We will move forward from here and never let such an event happen again."
"How are we going to compensate for the loss of our users? We will airdrop the exact amount of tokens each user staked and lost on the platform within 24h."
"We were planning to burn 15% of the supply. Instead, we will use that supply to airdrop tokens to our users. We still want to reduce the circulating supply. We will regularly buy back from the market and burn. Than means we are going to buy 110B $JOK token from the market over the time."
JokInTheBox is a utility to assist with sandwich attacks and copy sniping, with profits going to the JOK token stakers. A vulnerability in the smart contract allowed a user to unstake their assets multiple times, draining the pool of staked assets from other users. This was exploited on June 10th, and the attacker made off with $34k worth of funds. The protocol appears to have moved forward with replacing all lost tokens and it performing a series of buy-backs and token burns to raise the token price.
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Ethereum Transaction Hash (Txhash) Details | Etherscan
(Jun 21)
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