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domain	web3isgoinggreat.com
summary	On November 4, 2025, the Ethereum-based lending protocol Moonwell incurred nearly $3.7 million in bad debt due to an oracle malfunction that inflated the price of wrsETH. This incident resulted from an attacker exploiting the system. Concurrently, on October 22, 2025, Canadian cryptocurrency exchange Cryptomus was fined CA177 million (US$127 million) by FINTRAC for compliance failures, including failing to report over 1,000 suspicious transactions linked to darknet markets, child sex abuse material distribution, fraud, ransomware, and sanctions evasion. Both incidents highlight vulnerabilities in DeFi (decentralized finance) systems and cryptocurrency exchanges.
title	Web3 is Going Just Great
description	A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.
keywords	million, tags, stream, theme, more, attribution, archive, hack, finance, assets, theft, project, funds, exploit, elixir, tokens, tech
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nslookup	A 151.101.3.52, A 151.101.131.52, A 151.101.195.52, A 151.101.67.52
created	2025-11-08
updated	2025-11-08
summarized	None