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            <title><![CDATA[MetaLine and Izumi Finance thread]]></title>
            <link>https://paragraph.com/@782838mm/metaline-and-izumi-finance-thread</link>
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            <pubDate>Mon, 31 Jul 2023 06:26:25 GMT</pubDate>
            <description><![CDATA[The following is the whole process of the incident We have established cooperation with Izumi. We migrated the $60k pool to izumiswap for dual mining, and provided $20k MTG to reward lp providers. Izumi also took out $5k izi to reward lp providers. The details are as follows cooperation medium： https://izumi-finance.medium.com/the-ultra-evolution-announcing-mtg-usdt-double-farming-pool-47186c7c6835And some screenshots of cooperation detailsAfter that, we established 60k MTG/USDT lp according ...]]></description>
            <content:encoded><![CDATA[<p>The following is the whole process of the incident</p><p>We have established cooperation with Izumi. We migrated the $60k pool to izumiswap for dual mining, and provided $20k MTG to reward lp providers. Izumi also took out $5k izi to reward lp providers. The details are as follows cooperation medium：</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://izumi-finance.medium.com/the-ultra-evolution-announcing-mtg-usdt-double-farming-pool-47186c7c6835">https://izumi-finance.medium.com/the-ultra-evolution-announcing-mtg-usdt-double-farming-pool-47186c7c6835</a></p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/e35c0654d9182ec13116a7a5d313ab7b20ddb4d5d161813fdc372ed19a9c050d.png" alt="And some screenshots of cooperation details" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">And some screenshots of cooperation details</figcaption></figure><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/cc2840f942e2cb892cb845fd7d59b24299236e1a6354a4c9f238f6e2f89ed133.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>After that, we established 60k MTG/USDT lp according to the agreement, and also transferred $20k MTG to izumi&apos;s address.</p><p>build lp:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://arbiscan.io/tx/0xddc07656042a6bad5c9fae18d7da8e31ea6575744f8e9e8ccd0a450f816b893b">https://arbiscan.io/tx/0xddc07656042a6bad5c9fae18d7da8e31ea6575744f8e9e8ccd0a450f816b893b</a></p><p>transferred tx:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://arbiscan.io/tx/0x6f2c67b68b5d888067f6fa624395210b47bd4ac8bc12c7fe395c6f77994f43eb">https://arbiscan.io/tx/0x6f2c67b68b5d888067f6fa624395210b47bd4ac8bc12c7fe395c6f77994f43eb</a></p><p>We found some clues after the formal cooperation. Instead of entering the original $20kMTG into the output contract, they transferred $10kMTG to a private wallet and sold part of the MTG</p><p>transferred tx:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://arbiscan.io/tx/0x116a3cc8f0177c0199e161e19d7b0fefb51a8f7f5ead63a2d0bb54adaaa55bdb">https://arbiscan.io/tx/0x116a3cc8f0177c0199e161e19d7b0fefb51a8f7f5ead63a2d0bb54adaaa55bdb</a></p><p>Sell MTG tx:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://arbiscan.io/tx/0x335ca67dff3e3c14e9ea0c573d680a6c9d6ed23b2c7310a695c7740a2f7a7ef5">https://arbiscan.io/tx/0x335ca67dff3e3c14e9ea0c573d680a6c9d6ed23b2c7310a695c7740a2f7a7ef5</a></p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://arbiscan.io/tx/0x60060a70cc85fb785991fe638f02b4775d95d56a4aca39e4e4e3367dde965db5">https://arbiscan.io/tx/0x60060a70cc85fb785991fe638f02b4775d95d56a4aca39e4e4e3367dde965db5</a></p><p>Moreover, this address added lp after selling MTG, which dug out the profits that users should have,Then we asked the staff of izumi about the situation.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/36f0bdcb19fe0cbb596a8f0acc2c9554297e569047b5363d2827b04a4549eaaa.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/a3e4e644c68d7f11be15768da32cf0aa1f1971c967905a743d0ea4604f9bc2c5.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/5691e4a519466a920c0143b7d6628dc7ab8876f55e0f83786001e7ac22dc5ce8.jpg" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Their employees don&apos;t know what&apos;s going on, and some of them suggested that we protect our own rights. In view of this situation, we decided to make izumi&apos;s actions public.</p><p>Afterwards, we announced the incident, which also aroused great repercussions.</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/Metaline001/status/1668538048798412802?s=20">https://twitter.com/Metaline001/status/1668538048798412802?s=20</a></p><p>Afterwards they also responded, but no one in the telegram group spoke again, and the unspent emissions they claimed were not re-entered into the mining pool</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://foresightnews.pro/news/detail/24599">https://foresightnews.pro/news/detail/24599</a></p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/6b471eeed64386d81645c74a98cdafc525bdde939b62400336b0a41da282b6e5.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/6e3acdba55a2ab5a4f37d917ff45c43272e873e43abf057c3e6a81dc98f2df60.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Izumi did not respond in the follow-up, and the usdc exchanged by MTG they sold was also in the wallet(0x00097ed1dAcdbAB9141835852f8de20D690B6f94) and was not distributed to the holders of veizi according to their statement. We think this is a premeditated theft. We hope that Arbitrum can help us solve this problem a question</p>]]></content:encoded>
            <author>782838mm@newsletter.paragraph.com (drtfghj)</author>
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            <pubDate>Wed, 10 Aug 2022 09:24:28 GMT</pubDate>
            <description><![CDATA[qewqwer]]></description>
            <content:encoded><![CDATA[<p>qewqwer</p>]]></content:encoded>
            <author>782838mm@newsletter.paragraph.com (drtfghj)</author>
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            <pubDate>Sun, 27 Mar 2022 09:56:12 GMT</pubDate>
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