01-20-2022, 05:24 AM
Tinyman DEX from Algorand is back online!
<!-- SC_OFF --><div class="md"><p>After the latest exploit from about a month ago, Tinyman UI was shut down to avoid further swaps and losses.</p> <p>Apparently liquidity pools were drained dry by the culprit(s) by maliciously editing the token prices received by oracles.</p> <p>Now, Tinyman, Algorand's first DEX is back, and even though slippage is too high as expected, it's properly functioning!</p> <p>Beware that there might be issues for the first few days. I'm glad the team worked hard to figure it out and didn't take too much time.</p> <p>Algorand never let me down with its speed and ease of use, but these days, trust is very important. It's great how Tinyman restored it quickly!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/shardplugged"> /u/shardplugged </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s7o5f7/tinyman_dex_from_algorand_is_back_online/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s7o5f7/tinyman_dex_from_algorand_is_back_online/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>After the latest exploit from about a month ago, Tinyman UI was shut down to avoid further swaps and losses.</p> <p>Apparently liquidity pools were drained dry by the culprit(s) by maliciously editing the token prices received by oracles.</p> <p>Now, Tinyman, Algorand's first DEX is back, and even though slippage is too high as expected, it's properly functioning!</p> <p>Beware that there might be issues for the first few days. I'm glad the team worked hard to figure it out and didn't take too much time.</p> <p>Algorand never let me down with its speed and ease of use, but these days, trust is very important. It's great how Tinyman restored it quickly!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/shardplugged"> /u/shardplugged </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s7o5f7/tinyman_dex_from_algorand_is_back_online/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s7o5f7/tinyman_dex_from_algorand_is_back_online/">[comments]</a></span>Kind Regards R