Other
"Olympus DAO Might Be the Future of Money (or It Might Be a Ponzi)"
Primary Source ↗Incident Details
Thurman began an article by writing, “Yes, it’s a Ponzi scheme. But who cares? So are the dollars in your pocket.” He was writing about OlympusDAO, a “decentralized finance (DeFi) protocol whose primary use case seems to be ‘making people extremely angry.’”
Technical Details
- Initial Attack Vector
- Ponzi / pyramid scheme
- Vendor / Product
- CoinDesk OlympusDAO article
Timeline
- 2021-12-05 Breach occurred
- 2021-12-05 Publicly disclosed