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Mudit Gupta
Polygon | POL
@Mudit__Gupta
CTO @0xPolygon Labs | Intern @deq_fi | Blockchain Security Researcher | Ethereum & Web3 dev ๐Ÿฆ‡๐Ÿ”Š
Joined March 2010
Posts
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    Thrilled to share that Iโ€™ve stepped up as Chief Technology Officer at @0xPolygon! Over the past few months, Iโ€™ve reworked our priorities and weโ€™ve been going full throttle on a bold, exciting, product-led roadmap. Everything youโ€™ve been asking for is coming. Stay tuned!
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    I now understand why Elon wants employees to come to office instead of working remotely. There are certain things you just can't do remotely.
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    The ledger issue is now fixed. To make sure you don't have the malicious library cached, go to cdn.jsdelivr.net/npm/@ledgerhq/โ€ฆ and ensure the version is 1.1.8. If it's not, clear your cache. chrome- F12> Chrome Developer Tools > Application tab > Storage in left tree> Clear site data.
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    I am thrilled to announce that I'm joining @0xPolygon as the Chief Information Security Officer. Polygon is the leading Ethereum scaling platform, and I'm stoked about our upcoming ZK rollups. Security has been a priority at Polygon, and I will be pushing it to the next level.
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    Ledger just released a new update for Nano X that allows social recovery of your seed phrase. It encrypts your seed in 3 shards and sends it to different entities that can then reconstruct the seed for you post ID verification. It's a horrendous idea, DON'T enable this feature.
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    UST fiasco is very fishy. - Terraform Labs removed $150m of UST liquidity from Curve yesterday - 1 minute later, a freshly funded address bridged $84m of UST to Ethereum (Initiated bridging before TFL removed liquidity) - 4 min later, it dumped the UST, triggering the sell-off
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    First recovery in the ByBit hack. ~$43m (15,000 cmETH) has been clawed back from the hacker. I saw the recovery possibility soon after the hack and SEAL connected me with Mantle/mETH team who made it happen. Huge shoutout to SEAL, Mantle, and mETH teams for their quick action.
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    I don't think the crypto space has ever seen anything of this magnitude and severity before. Even the DAO hack feels nothing compared to the Terra crash. This is going to have long-lasting consequences. It's bad for the whole space. Prepare for a long bera. Winter is coming.
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    gm - Andre and Frog Nation will launch a new product with a new token on Fantom in the next week. - Hundred finance is paying 70% APY on DAI on Fantom. - Gas price on Matic is being sustained at over 500 gwei due to a play-to-earn game. FTM is looking really good right now.
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    A rogue validator on Flashbot seems to be exploiting MEV bots. Over 25m USD already stolen. The validator takes a sandwich bundle from the MEV bot and replaces the victim transaction with it's own that exploits the MEV bot instead. Here's how it works -
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    Replying to @Mudit__Gupta
    - Alameda paid their DeFi debt (Abracadabra) before their CeFi debt (FTX) because DeFi positions are public, can affect optics and DeFi protocols WILL liquidate you without a warning. This cements the usefulness of DeFi. I'm more bullish than ever over long term.
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    Not a good day for Blockchains. - Solana is currently down. - Arbitrum went down, came back up, went down again. - Someone tried a 550 bock reorg attack with fake PoW on Ethereum, managed to fool some nethermind nodes.
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    Buildooor: Yo, what if I took money from people, put it in anchor to earn 20%, and pay 13% back to investors? Also, we'll sprinkle some false advertising to hide the risks, launch a token, and use web3 to avoid registering this mutual fund. VC: Holy shit, take this 5m funding.
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    Replying to @CryptoTurkweb3 and @BoredApeYC
    That one guy wearing sunglasses at night is hella smart.