a better explanation (from gemini):

The $3 Million Typo

Someone affiliated with the APYX team tried to deposit $3 million USDC into a lending platform called Morpho. However, whoever made the transaction filled out the "recipient" box wrong. Instead of crediting their own wallet, they credited the Morpho smart contract itself. You can actually see this exact mistake in the first image you sent. Because of how smart contracts work, that $3 million is now permanently stuck and essentially burned.

The Desperate Loan
A week later, they realized their massive mistake. To get liquid cash back, they took $3.6 million worth of another crypto asset they owned and used it as collateral to borrow $3 million USDC from that exact same lending market.

The Broken Price Checker
Here is where it gets dangerous. The value of their $3.6 million collateral dropped. In normal DeFi, if your collateral drops too low, the system automatically sells it to pay off your loan (liquidation). But that wasn't happening here because the system's "oracle" — the code that tells the lending platform what the collateral is currently worth — was frozen. The second image shows exactly this: the oracle was tricking the system into thinking the asset was worth 0.953, but the real market price was only 0.901.

The Bailout
The APYX team finally started updating the broken price checker to reflect reality. Now that the system is seeing the true, lower price, that massive loan is starting to get liquidated. Because the real price is so bad, no normal automated trader wants to buy the collateral. So, the APYX team is quietly doing the liquidations themselves and eating the financial losses to keep the system from collapsing.

The Lie
To top it all off, the APYX team publicly claims this clumsy wallet does not belong to them. However, blockchain sleuths have looked at how the wallet is funded and operated, and the evidence strongly points to it being controlled by the APYX team.

Essentially, they lost $3 million to a typo, took out a bad loan to cover it, relied on a broken price feed to avoid getting liquidated, and are now secretly eating the losses while denying the wallet is even theirs! Let me know if you want me to clarify any part of it.

The Empty Field That Wasn't: GPS Broadcasts a Numbers Station

🔸GPS satellites broadcast encrypted material in a 176-bit field called Subframe 4, which has been publicly available for nearly two decades. Researchers analyzed 12.16 million observations and found the content is consistent with the military's Over-the-Air Distribution (OTAD) global rekeying network.

05 Jun 2026

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🌍 @hackernews_summary

Meta confirms 1000s of Instagram accounts were hacked by abusing its AI chatbot
Article, Comments

"According to the data breach notice filed with Maine's attorney general's office late on Friday, Meta notified at least 20,225 people that their accounts had been compromised, including 30 people in Maine. "

i was reading the SQLite source

and found that DELETE does not actually shrink the database file

deleted pages are placed onto an internal freelist inside the file

new inserts reuse those free pages before growing the database again

the file itself only gets smaller when you run VACUUM

delete everything from a 1GB database and the file is still 1GB until you compact it

Posted by trish, 5 hours ago

this algorithm for counting set bits was published in 1957

it counts all 64 bits in parallel using bitmask arithmetic instead of looping one bit at a time

when POPCNT is unavailable the Linux kernel uses the same idea in __sw_hweight64

Posted by trish, 3 hours ago

The 29th International Obfuscated C Code Contest (IOCCC) 2025 Winners
Article, Comments

Re: LLMs are eroding my software engineering career and I don't know what to do

> I don't know what to do.

Ride the wave. You rode it when websites/webapps were the wave. I came into software industry before internet, kept changing my horse. You are never too old to learn new tricks. The new wave create new kind of work and workers. Be one of them. Ride the beast, master the tools. It's the same game again.

zkmon, 15 hours ago

Tiny hackable CUDA language model implementation

🔸The project implements an autoregressive sequence model using a transformer architecture that can process byte streams from various sources. It trains on text data but can model any byte stream, including DNA/RNA sequences, compressed data, and executable binaries.

08 Jun 2026

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🌍 @hackernews_summary

The "Simplicity Paradox" in programming

1. A tool is created because existing tools are too complex.
2. People love it because it's simple.
3. People start asking for edge-case features (e.g., "Can I add an annotation for a specific PostgreSQL data type?", "Can I add a regex validator for this string field?").
4. The tool adds these features, becomes complex, and a new tool is created to replace it.

Apple reveals new AI architecture built around Google Gemini models
Article, Comments
spoiler

firefox focus universal xss 0day (universal account takeover)

this is still unpatched after almost a year in disclosure so we are releasing our poc

Posted by V12, 1 hour ago

PoC

Let's Encrypt bans certificate usage in any US sanctioned territory [pdf]
Article, Comments

https://github.com/benjojo/dnsfs 🗿

early Fable 5 leak in new claude-code binary.

Claude Fable 5 — Our most powerful, most
intelligent model. New tier above Opus. Same API surface as
Opus 4.7/4.8 with one breaking change: explicit thinking: {type:
"disabled"} returns a 400 (omit instead); $10/$50 per MTok.

Posted by cheaty, 17 minutes ago