[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  scoopy trooples [@scupytrooples](/creator/twitter/scupytrooples) on x 104.7K followers Created: 2024-12-06 09:45:53 UTC On July 31st 2023, Alchemix's $alETH synthetic was impacted by the now infamous Curve reentrancy vulnerability. Thanks to the help of the wider community we managed to claw back everything the hacker stole, but the hacker left a mess, with over 4000 alETH and ~0 ETH in the Curve pool, making a feast for MEV bots. The aftermath left our team demoralized, with our efforts to restore its price repeatedly stymied by the alETH lost to the MEV bandits. It has been a long recovery process to grind back up, requiring direct market action from our treasury, protocol mechanisms, and focused effort from our BD team. It is now getting close to being near it's price target of 0.99~ ETH, sitting at ~0.97 now. I thought it was over at times. I struggled with mental health that spilled over into chronic physical pain that I am still dealing with to this day. But thankfully, with the support of my team, my friends, and the @AlchemixFi community, we stuck it out and survived. Now I am filled with hope and excitement as our team is nearing completion of our upcoming v3 -- a revolutionary and innovative new version that will fundamentally change Alchemix and extend the reach and scope of it, along with introducing new DeFi primitives. It's still got a little more cooking to do and then audits and the like, but the light is at the end of the tunnel. As we get closer to launching it, we will share all the details, and I hope that you, too, will be as excited as I am for it. Thanks to everyone who has supported me and the team in our darkest hours. We aren't fucking leaving. XXXXXX engagements  **Related Topics** [bots](/topic/bots) [$aleth](/topic/$aleth) [ethereum](/topic/ethereum) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/scupytrooples/status/1864969504113201602)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
scoopy trooples @scupytrooples on x 104.7K followers
Created: 2024-12-06 09:45:53 UTC
On July 31st 2023, Alchemix's $alETH synthetic was impacted by the now infamous Curve reentrancy vulnerability. Thanks to the help of the wider community we managed to claw back everything the hacker stole, but the hacker left a mess, with over 4000 alETH and 0 ETH in the Curve pool, making a feast for MEV bots. The aftermath left our team demoralized, with our efforts to restore its price repeatedly stymied by the alETH lost to the MEV bandits. It has been a long recovery process to grind back up, requiring direct market action from our treasury, protocol mechanisms, and focused effort from our BD team. It is now getting close to being near it's price target of 0.99 ETH, sitting at ~0.97 now.
I thought it was over at times. I struggled with mental health that spilled over into chronic physical pain that I am still dealing with to this day. But thankfully, with the support of my team, my friends, and the @AlchemixFi community, we stuck it out and survived.
Now I am filled with hope and excitement as our team is nearing completion of our upcoming v3 -- a revolutionary and innovative new version that will fundamentally change Alchemix and extend the reach and scope of it, along with introducing new DeFi primitives. It's still got a little more cooking to do and then audits and the like, but the light is at the end of the tunnel. As we get closer to launching it, we will share all the details, and I hope that you, too, will be as excited as I am for it.
Thanks to everyone who has supported me and the team in our darkest hours. We aren't fucking leaving.
XXXXXX engagements
Related Topics bots $aleth ethereum coins layer 1