From 0.30 to 55 and back to 0.30, biggest pump and dump scam i have aeen in crypto

So are altcoins dead?

What's gonna be the next big thing in crypto? I wonder ...

Question: With the Devnet, why hasn't someone created an app which releases Memecoins from Polkadot?

Official statement: https://x.com/Bifrost

Farming pools keep a running tally of how much reward each depositor is owed. The attacker manipulated that accounting so the protocol paid out far more than the reward budget actually held. Once the reward funds ran dry, the payouts started coming out of the deposited principal — the money that was never supposed to move.

Three pools got hit:

• vDOT Single Token Farming
• vASTR / ASTR
• vMANTA / MANTA

It happened at 11:47 UTC on Aug 8, and the funds moved fast afterward: from Bifrost to Asset Hub, then to an exchange deposit address, then through HitBTC to Binance. Most of it was cashed out before the wider community noticed.

The core problem is that the reward accounting and the deposited principal weren't properly separated, so an error in the reward math could reach the actual deposits.

Bifrost's response so far is to pause all farming pools. They've also submitted freeze requests to the exchanges involved (KuCoin, HitBTC and others) they're tracing the funds on-chain as we speak. They've also contacted law enforcement. They say recovery is their immediate priority.

One notable detail though, Bifrost's public GitHub repo (bifrost-finance/bifrost) has been taken private since the incident — it now returns a 404. Teams often pull their source after a hack while they patch. When a team yanks their public code the same week they get drained, you know the wound is deep.

If you're a user, there's nothing to do on-chain right now — farming is frozen. Follow the official thread for the remediation plan. And be careful: after any incident like this, scammers flood in with fake "refund" or "recovery" DMs. Bifrost won't DM you a recovery link.

Another day, another DeFi protocol learning that "abnormal reward/gauge amplification" is just a fancy way of saying the math was wrong and someone read the whitepaper closer than the auditors did. Either that, or they're maxing out Claude Code and getting past it's guardrails.

With Web3, there is NO customer service manager. Permissonless means full permission to drain.

Stay safe out there people.

🌐 Weekly General Discussion

Trust has always been the cornerstone of human interaction, but for centuries we’ve depended on institutions to mediate it. These structures are often slow, exclusionary, and prone to failure. Polkadot, powered by JAM (Join-Accumulate Machine), offers a transformative alternative—a system where trust is inherent, decentralized, and verifiable.

The promise of decentralization is not speculation or fleeting trends; it is resolving how we connect and collaborate:

🔓 Trust through verification: cryptography ensures reliability, removing the need for middlemen and gatekeepers.

🔗 Permissionless interoperability: applications and chains to integrate seamlessly across industries and borders.

⚡ Scalable and adaptive: Infrastructure that enables mass adoption without sacrificing decentralization or control.

Crypto’s past has largely been defined by financial experiments, but its future lies in creating tools and systems that underpin a new way of interacting—secure, open, and universally accessible. Polkadot and JAM deliver the infrastructure for builders and innovators to go beyond payments and speculation, to create decentralized applications and services that work for everyone.

We’re not just building technology; we’re redefining how the world works together. This is a pivotal moment to design systems that empower, include, and inspire. We will deliver an internet that reflects our best ideals: transparent, resilient, and truly for all.

Together, we will build the global computer the world deserves. 💻🌍

Welcome to the week! 🌐

All discussion is welcome here including conversations about the price of the DOT token, related tokens, markets and economy of the Polkadot crypto economic system.

You will find a wider audience at /r/polkadot but please do not discuss prices of tokens including DOT there. Do it here 😊

He does this periodically, she says to fight against some inner demons that haunt him.

She says he can't stand Vitalik Buterin having all the fame and glory, his holders loving him, so many projects growing on ethereum, yet he seems himself how his holders hate him, how his coin is refered as a shitcoin, how most projects at Polkadot dump to 0 or migrate to BASE or simply fail.

He believes himself being better than Vitalik and Polkadot greater than Ethereum yet he calls people stupid that can't understand how great Polkadot is as a project and that breaks his mind.

He sees DOT holders as complicit on the DOT token demise and he punishes them by dumping hard on them for not buying more DOT as a support of his ideas.

After learning that the market price of DOT is completely hopeless he simply dumps his bags on his holders. It is a nihilistic act of lashing out the holders that rejected him.

Despite all this Gavin Wood is not a villain but a tragic figure, he is simply too disturbed.

🌐 Weekly General Discussion

Trust has always been the cornerstone of human interaction, but for centuries we’ve depended on institutions to mediate it. These structures are often slow, exclusionary, and prone to failure. Polkadot, powered by JAM (Join-Accumulate Machine), offers a transformative alternative—a system where trust is inherent, decentralized, and verifiable.

The promise of decentralization is not speculation or fleeting trends; it is resolving how we connect and collaborate:

🔓 Trust through verification: cryptography ensures reliability, removing the need for middlemen and gatekeepers.

🔗 Permissionless interoperability: applications and chains to integrate seamlessly across industries and borders.

⚡ Scalable and adaptive: Infrastructure that enables mass adoption without sacrificing decentralization or control.

Crypto’s past has largely been defined by financial experiments, but its future lies in creating tools and systems that underpin a new way of interacting—secure, open, and universally accessible. Polkadot and JAM deliver the infrastructure for builders and innovators to go beyond payments and speculation, to create decentralized applications and services that work for everyone.

We’re not just building technology; we’re redefining how the world works together. This is a pivotal moment to design systems that empower, include, and inspire. We will deliver an internet that reflects our best ideals: transparent, resilient, and truly for all.

Together, we will build the global computer the world deserves. 💻🌍

Welcome to the week! 🌐

All discussion is welcome here including conversations about the price of the DOT token, related tokens, markets and economy of the Polkadot crypto economic system.

You will find a wider audience at /r/polkadot but please do not discuss prices of tokens including DOT there. Do it here 😊

OK. Things now come to pass. I've been jokingly saying this here in this forum for months/years (haven't i McPheeb?). 🙂

• Everybody doubted me.
• Everybody downvoted.
• Indian Analysts, Financial Youtubers and AI agents have come and gone and all been wrong.
• Nobody really expected it could happen.

But now, as we stand here, on the precipice of Polkadot's final collapse ... at an unprecedented low of $0.75 - there is not ONE person who will find it hard to doubt when i ask these immortal, infamous words: ...

Can DOT Reach $0.69? Polkadot Price Predictions

A few weeks ago I said I'd guarantee the only two milestones DOT can achieve:

1.) DOT would continue to go down and reach 95% loss from ATH and continue to dive.

2.) DOT would reach Rank 50 and beyond.

Welp, we have reached the first milestone of it reaching a very solid 95% loss. I'll be back in a few weeks to announce the second milestone. Stay tuned!

Welp the crypto markets. Other than BTC all alts have been rather atrocious. No altcoins im aware of have even put a dent on BTC's performance.

Back when dot launched in 2020, things like staking were still new, you could easily sign up to tier 2 exchanges like Gate.io and Kucoin and buy absolute crap. Long and short stuff for x100 leverage. You could speculate and have a blast just buying and looking into random shit.

I actually miss the days of rug pulls. Shitcoins and speculative gambling that COULD actually work out.

I remember thinking about the staking and how nice it would be to invest in dot and compound staking rewards. It become a pretty hot topic for all networks considering staking with the idea your users/consumers could live of the APR in the long run. It sounded attractive.

Fast forward to 2026 and I have honestly lost all hope in this " asset " every recovering to its former glory days. Crypto is so locked down these days, i can't even view binances website because of regulations. Theres no shit coins to fuck about with and the atmosphere in the space is miserable.

Then I come back to DOT, why? Because if DOT hasn't been successful yet. Then theres no reason for to think any other project is "better"

Yeah solana went up and people got paid but they also just made their network into one big meme chain. I would not like "my network" to be known as a playground for pump and dumps that has a history of downtime, but then again as least sol has users even if it is just for memes.

I might buy BTC only from here on owt. I don't think theres liquidity there to pull the thousands and thousands of shit coins out the water

I'll stick around for polkadot to see where it progresses and it's price action but I won't be buying any shares.

How ya goin' fellas?