Osmosis validator FireStake admits it drained $2 million during Osmosis exploit (via vishal4c)
FireStake is one of the validators of the Osmosis blockchain.
Despite this, it admitted to taking advantage of Osmosis’ recent exploit to drain $2 million of funds.on Osmosis on Wednesday, one of its network validators called FireStake came forward to admit that they were responsible for draining $2 million of it. Osmosis is a blockchain that runs a large decentralized exchange in the Cosmos ecosystem. Osmosis suffered an exploit due to a security bug in its liquidity pools that allowed anyone to withdraw more than 50% of their position in the pools.that two of its team members took $2 million in repeated withdrawals using merely $226. FireStake claimed that what started as testing to see if the bug existed,"grew into a temporary lapse in good judgment.".
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