Information Disclosure Request for 20M OP Exploit - Was There Insider Trading? What Happened Behind The Scenes?

artoria - No Role
June 9, 2022, 5:24 p.m.

I collected relevant public available information in retrospective and worked out a timeline of the exploit. From these information combined with OP token price history, I strongly suspect there was insider trading. Insiders were aware of the exploit 2 days earlier than public disclosure. A summary of timeline: twitter.com TechnoArtoria (?,?) 3 @artoriamaster A summary of $OP exploit timeline. Hope this explains why the incident happened and why retails got rekt (spoiler: pure incompetence of @optimismPBC and Wintermute)? Optimism ( ✨ ?_ ? ✨) @optimismPBC Wow, what a day. OP Drop # 1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work. We’ll be publishing a full, detailed retrospective on the lessons learned next week. Let’s quickly talk about what happened. 10 : 20 PM - 8 Jun 2022 11 1 Key information: “Wintermute notified us that someone else had taken control of the address on June 06 ”, as posted by @jinglejamOP twitter.com Optimist Prime ?✨ 1 @jinglejamOP @veryHighLander @optimismPBC At the time of launch, the tokens were recoverable. With the intention of exercising caution, Wintermute wanted assistance from Gnosis, but they were not available until June 07 . Wintermute notified us that someone else had taken control of the address on June 06 . 1 : 21 PM - 8 Jun 2022 6 1 Briefly speaking, Optimism team was notified by Wintermute of the exploit on June 6 th. The disclosure came to public on June 8 th. During these 2 days, OP token price fell from $ 1 . 3 to $ 0 . 8 (BEFORE the public announcement was made). A 40 % drop within 2 days is hardly explained unless there was insider trading. image 1004 × 512 33 . 3 KB I request Optimism and Wintermute to explain: ( 1 ) Why did it take 2 additional days after the exploit to disclose the information? (meanwhile, Optimism tweeted about the airdrop retrospective on June 6 th as if nothing major happened) ( 2 ) Was there insiders who, based on information about the exploit not yet available to the public, sold OP tokens before the public announcement? If these questions are unanswered, we cannot trust any promise on mitigation plans that Wintermute and Optimism have made.

The post outlines a suspected case of insider trading related to an exploit involving OP tokens. The timeline suggests that insiders were aware of the exploit two days before the public disclosure, as evidenced by a significant drop in the token price before the exploit was announced. The post calls for explanations from the relevant parties and questions the lack of timely disclosure about the exploit.

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artoria - No Role
June 9, 2022, 5:24 p.m.

I collected relevant public available information in retrospective and worked out a timeline of the… I collected relevant public available information in retrospective and worked out a timeline of the exploit. From these information combined with OP token price history, I strongly suspect there was insider trading. Insiders were aware of the exploit 2 days earlier than public disclosure. A summary of timeline: twitter.com TechnoArtoria (?,?) @artoriamaster A summary of $OP exploit timeline. Hope this explains why the incident happened and why retails got rekt (spoiler: pure incompetence of @optimismPBC and Wintermute)? Optimism ( ✨ ?_ ? ✨) @optimismPBC Wow, what a day. OP Drop # 1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work. We’ll be publishing a full, detailed retrospective on the lessons learned next week. Let’s quickly talk about what happened. 10 : 20 PM - 8 Jun 2022 11 1 Key information: “Wintermute notified us that someone else had taken control of the address on June 06 ”, as posted by @jinglejamOP twitter.com Optimist Prime ?✨ @jinglejamOP @veryHighLander @optimismPBC At the time of launch, the tokens were recoverable. With the intention of exercising caution, Wintermute wanted assistance from Gnosis, but they were not available until June 07 . Wintermute notified us that someone else had taken control of the address on June 06 . 1 : 21 PM - 8 Jun 2022 6 1 Briefly speaking, Optimism team was notified by Wintermute of the exploit on June 6 th. The disclosure came to public on June 8 th. During these 2 days, OP token price fell from $ 1 . 3 to $ 0 . 8 (BEFORE the public announcement was made). A 40 % drop within 2 days is hardly explained unless there was insider trading. image 1004 × 512 33 . 3 KB I request Optimism and Wintermute to explain: ( 1 ) Why did it take 2 additional days after the exploit to disclose the information? (meanwhile, Optimism tweeted about the airdrop retrospective on June 6 th as if nothing major happened) ( 2 ) Was there insiders who, based on information about the exploit not yet available to the public, sold OP tokens before the public announcement? If these questions are unanswered, we cannot trust any promise on mitigation plans that Wintermute and Optimism have made.

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artoria - No Role
June 9, 2022, 9:24 p.m.

I collected relevant public available information in retrospective and worked out a timeline of the… I collected relevant public available information in retrospective and worked out a timeline of the exploit. From these information combined with OP token price history, I strongly suspect there was insider trading. Insiders were aware of the exploit 2 days earlier than public disclosure. A summary of timeline: twitter.com TechnoArtoria (?,?) 3 @artoriamaster A summary of $OP exploit timeline. Hope this explains why the incident happened and why retails got rekt (spoiler: pure incompetence of @optimismPBC and Wintermute)? Optimism ( ✨ ?_ ? ✨) @optimismPBC Wow, what a day. OP Drop # 1 had a turbulent launch which we finally stabilized after more than five hours of non-stop work. We’ll be publishing a full, detailed retrospective on the lessons learned next week. Let’s quickly talk about what happened. 10 : 20 PM - 8 Jun 2022 11 1 Key information: “Wintermute notified us that someone else had taken control of the address on June 06 ”, as posted by @jinglejamOP twitter.com Optimist Prime ?✨ 1 @jinglejamOP @veryHighLander @optimismPBC At the time of launch, the tokens were recoverable. With the intention of exercising caution, Wintermute wanted assistance from Gnosis, but they were not available until June 07 . Wintermute notified us that someone else had taken control of the address on June 06 . 1 : 21 PM - 8 Jun 2022 6 1 Briefly speaking, Optimism team was notified by Wintermute of the exploit on June 6 th. The disclosure came to public on June 8 th. During these 2 days, OP token price fell from $ 1 . 3 to $ 0 . 8 (BEFORE the public announcement was made). A 40 % drop within 2 days is hardly explained unless there was insider trading. image 1004 × 512 33 . 3 KB I request Optimism and Wintermute to explain: ( 1 ) Why did it take 2 additional days after the exploit to disclose the information? (meanwhile, Optimism tweeted about the airdrop retrospective on June 6 th as if nothing major happened) ( 2 ) Was there insiders who, based on information about the exploit not yet available to the public, sold OP tokens before the public announcement? If these questions are unanswered, we cannot trust any promise on mitigation plans that Wintermute and Optimism have made.

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