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As the crypto ecosystem held its breath for Ethereum’s Pectra update, an anonymous actor disrupted the test network Sepolia. A subtle attack, exploiting an unexpected vulnerability, revealed issues that question as much as they inform. Decoding an incident that lies halfway between a technical bug and psychological warfare. On March 5, Ethereum deployed Pectra on Sepolia, its latest test network before the official launch. But hardly had the blockchain clock started ticking than error messages flooded the geth nodes. Empty, useless blocks began to accumulate. Marius van der Wijden , a key developer, states: “The attacker turned an ERC-20 feature into a weapon.” Everything hinges on a neglected technical detail: the ERC-20 standard allows token transfers… without tokens. An unknown user sent a 0 token transaction to the Sepolia deposit contract, triggering a cascade of erroneous events. The result? The network began mining empty blocks, like an engine running idle. “We thought it was an internal error, but the address was new, funded via a faucet,”* confides van der Wijden. The attack was deliberate, almost elegant in its simplicity. Yet, the team had anticipated a fix. Too late. The attacker, seemingly reading their minds, re-launched the assault with an identical transaction. “We realized that he might be monitoring our communications,” admits the developer. A race against time began: filtering suspicious transactions without blocking the network. The fix, secretly deployed on a few nodes, ultimately stopped the bleeding. By 2 PM, Sepolia was breathing again. This incident is not just a technical bug. It raises a burning question: how to secure protocols designed to be permissionless against malicious actors who play by their own rules? The exploited vulnerability was not one in the classic sense: ERC-20 was functioning perfectly. It was the interaction between this standard and the specific deposit contract of Sepolia that created a breach. Van der Wijden acknowledges: “We had underestimated this edge case.” An understatement. Because in crypto, “edge cases” are often the playground of attackers. The anonymous individual behind this attack demonstrated a fine understanding of Ethereum’s mechanisms. Their act resembles less a hack than a show of force, a reminder that decentralized networks must anticipate the unpredictable. In the face of this threat, the team adopted a counterintuitive strategy: not to publish the fix. Why? Out of fear that the attacker would adapt their methods. “We discreetly updated our nodes to regain control,” explains van der Wijden. A decision that mixes cybersecurity and mental poker. Because in the crypto space, each correction can become a double-edged weapon if too exposed. Meanwhile, this episode reignites the debate about test networks. Sepolia uses a deposit contract different from the *mainnet*, a peculiarity that limited the damage. But Holesky, tested late February, had already revealed weaknesses . Proof that even blockchain testing grounds require… testing grounds.

Listen, nothing I'm gonna say is going to make you feel any better. It's just going to suck for a while and then you'll be fine. --- from Margin Call, which I just re-watched last night (highly recommend this movie)

U.S. Stock Put Volume hits all-time high 🚨 Probably Fine?

JUST IN: Elon Musk says Tesla "will be fine long-term" after $TSLA fell 15.4% today.

As long as you bought Bitcoin before election day you are still doing fine. Unless we retrace to that entry you won't see me saying to buy. Not because I'm bearish but I've been tweeting entries since sub $1k. At some point an asset can't always be a "good entry".