Other

"Olympus DAO Might Be the Future of Money (or It Might Be a Ponzi)"

2021-12-05 [vendor] CoinDesk OlympusDAO article
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

  1. 2021-12-05 Breach occurred
  2. 2021-12-05 Publicly disclosed