RARI FOUNDATION

DESCRIPTION OF EVENTS

"RARI Foundation enables the future of NFT infrastructure. $RARI controls the RARI DAO treasury and governs the Rarible protocol and RARI Chain."

"Open Source. Cross-Chain. Community Governed. Rarible makes NFT workflows simple. Developers access multi-chain infrastructure through Rarible’s abstraction layer to remove complexity & increase building efficiency."

"The future of the creator economy is built on-chain with RARI. RARI Chain utilizes node-level royalties to guarantee creators get paid. Users enjoy a secure, low-cost, Layer 3 blockchain to build creator ecosystems & innovative NFT use cases on-chain. All Powered by Arbitrum. Build on-chain with RARI."

"RARI Foundation empowers community ownership. Rari Foundation is governed by its community with $RARI, Tokenholders govern the protocol & control the Foundation's treasury through decentralized, onchain governance mechanisms."

"RARI Foundation is governed by its community. $RARI tokenholders govern the RARI Protocol, control the Foundation treasury, & make decisions for the RARI DAO through onchain governance."

"The official Discord server of RARI Foundation has been hacked. Please refrain from using the server until the team has regained control."

"Important Announcement: Discord Server Security Breach We're taking immediate steps to secure the RARI Foundation server and restore usual activity. Please refrain from using the server for now. More updates to follow soon."

"Thanks for the heads up. I wish followed you sooner and wouldn’t have reacted to one of these messages."

The RARI Foundation is a grant program which manages the RARI DAO treasury, which places them in a position of supplying grants to encourage ecosystem activity. The foundation has regularly promoted their Discord channel throughout 2022 as the place to discuss matters related to the DAO. On August 8th, a malicious actor was able to gain control of their Discord server. There is at least one verified victim who fell for the phishing messages. It's unclear what RARI will be doing to assist them, if anything.

@rarifoundation Twitter (Aug 9)
RARI Foundation (Aug 9)
Base Transaction Hash (Txhash) Details | BaseScan  (Aug 9)
@b3nedictvs Twitter (Aug 9)
@PGee13 Twitter (Aug 9)
@rarifoundation Twitter (Aug 9)
SlowMist Hacked - SlowMist Zone (Aug 9)

More case studies

Nexera Private Key
Compromise Contract Upgrade

iVest DAO Smart Contract
Transfer Vulnerability