So I Thought I Would Look at the State of Crypto...

And check in on things at Web3 is Going Just Great. Something I have done in quite some time.

Total loses as tracked by that site are just over $79 billion as I type this.

Here are a few items from the recent past, just since July 15th.

• Arcadia Finance exploited for $3.5 million

  The Arcadia Finance defi margin protocol was exploited for $3.5 million after an attacker found a vulnerability in a project smart contract.

• BigONE hacked for over $27 million

  The BigONE cryptocurrency exchange was hacked for more than $27 million, which the hacker quickly swapped for various other tokens. The attacker compromised one of the exchange's hot wallets after gaining access to the company's production network.

• CoinDCX hacked for $44 million

  The Indian cryptocurrency exchange CoinDCX was hacked, with attackers stealing around $44 million. The company announced the breach the following day, attributing it to a "sophisticated server breach."

• Customers of WOO X lose $14 million after exchange compromise

  Attackers who compromised devices belonging to a WOO X employee stole $14 million from users of the Taiwanese WOO X cryptocurrency exchange. The phishing attack on the employee gave the hackers access to a development environment.

• $731,000 stolen in SuperRare hack

  A hacker stole RARE tokens priced at around $731,000 after exploiting a vulnerability in a staking contract for the SuperRare NFT platform.

• Crypto lender Abra pauses withdrawals for international customers

  The Abra cryptocurrency lender sent an email to customers announcing that "Abra Earn international services are currently paused, effective immediately", attributing the decision to "broader risk management efforts" and saying it was "influenced by external circumstances outside of our control".

The pace seems to have slackened, but the essence remains the same. Some of the exchanges will make good on the losses, but I'm not sure they all will.