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The Billion Dollar Briefing

Reports ·Security Reports ·
The Billion Dollar Briefing

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Gyroscope Incident Analysis

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On 30 January 2026, Gyroscope announced via their X account that they had paused liquidity pools due to an issue with their cross-chain contract. The issue led to losses of 6M Gyro Dollar (GYD) tokens with approximately $807k of liquidity extracted by the attacker.

Faint Traces: Unmasking a Million-Dollar Scammer

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CertiK analysts have been closely monitoring a scammer known as "Faint" since late 2022. This individual has been linked to numerous Discord compromises and phishing activities on both Ethereum and Solana.

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Between October 2020 and March 2023 there have been 25 exploits of Web3 projects where the impacted projects were later able to recover some or all of the funds lost. How did they recover nearly a billion dollars?