Matthew Malek

Moat Reward Recovery — the truth, on the record. Before I get into any details I have to stress that while in the moment I wanted nothing but a 100% recovery from someone somewhere in the crypto space that is not only something that never happens — it is much closer to 0% that gets recovered. The actions that Alex and his team have taken are so far above and beyond industry standard that people need to realize it should be an inspiration for communities to pool their own resources and work together to come out of this stronger. It is easier said than done each different situation but let me lay out how I see it clearly. Wheremalek lost 725 million tokens in the attack. More than $10,000 in value at the time and more than 50% of the entire hack amount. Let that sink in. The 533M figure in Alex's postmortem reflected only one liquidity pool and that is entirely my fault. Before giving Alex any numbers I should have spoken to the Token founder Josh to ensure I had everything correct. I did not. I had only looked at the Arena pool when I gave Alex our numbers — and I failed to account for the tokens and money routed through Pharaoh.gg. That's on me, not on Alex. He published what I handed him and had no reason to not trust my numbers. That is on me. Wheremalek Pre-attack: $233,600 market cap, #2 or #3 on Arena. Post-attack instant low: $49K. When we hit 49K I bought as much $WHEREMALEK as I could personally — every dollar I had at that moment — to be the buyer at the floor before any others started panic dumping and ending the token forever. Big thanks to Moats for stepping in and buying almost 100 million tokens with their own money to get us back above 200K. The 49K floor held because I and other community members held it. And we recovered because of the help of Moats and Alex along with others on the arena who bought in. We're at or around $205K now. Wheremalek's loss alone was 55-60% of the total damage across every affected community combined. Josh founded $WHEREMALEK. He absorbed the largest single loss in this entire incident. He hasn't complained publicly. He hasn't gone hard into victim mode. He hasn't generated narratives about who pushed him into what. He took the hit, accepted partial reimbursement, and just keeps building even though he is getting less than other communities because of MY mistake. That's the standard. Now I want to talk about Alex Miner. What he's doing here is not normal. This is not how DeFi protocols handle attacks. The standard playbook is: disappear, blame the audited contracts, point fingers at users, reimburse at low single digits if at all, never engage publicly, and let the affected communities die quietly. That's the industry norm. It happens every week somewhere. Alex did the opposite of every single one of those things. He traced the funds publicly and named affected communities by name. He took personal financial responsibility on a self-funded protocol with no treasury, no outside backing, no institutional cover — three people covering a multi-community attack out of their own pockets. He got on the phone with every community lead. He coordinated reimbursement individually rather than hiding behind a uniform policy. He posted detailed onchain forensics in public so anyone could verify his work. He is bailing this entire ecosystem out from his own pocket while the larger DeFi industry he operates inside would have ghosted us all. Do I wish he could do more? Yes. Do I think he is doing enough? Hell Yes. And I want to be very clear: what he is doing here is exceptional. Not because he set a low bar for himself. Because the rest of the industry sets a bar that's barely off the ground and Alex stepped over it like it wasn't there. That deserves to be named publicly. The Smart contracts are safe. The Staking Wallets are untouched. Wheremalek is damaged but held and may well come out of this stronger. Real thanks to @MinerXBT, @JTuin04 , the Moats team, and every Wheremalek holder who didn't panic and held strong. — Malek P.S. I have begun buyback of some of the assets that I sold down to defend the Wheremalek floor. One of those was $RedPopcorn which just bonded this morning while I was sleeping. I am going to be actively buying $Gator and $Papi to assist them in their recovery the best that I can. And for those people whose tickets I sold I promise I will buy that back sooner than later. @TheArenaApp @jasonmdesimone @ArenaGladius

⚽ LIVE: St Pat's vs Derry City | League of Ireland Premier Game at halftime. I'm on the call live right now. The matchup: St Patricks Athletic (away) — 9-4-4, 31 points, favored at -0.5 Derry City (home) — 4-8-5, 20 points St Pat's comes in as the table-stronger side but Derry at home is never a clean read. The -0.5 line tells you the books expect a tight one. Away favorites in the LOI Premier don't always cash — this is the kind of match where one set piece or one mistake decides it. For anyone in the $WHEREMALEK community — Garrett's club is on the pitch. This one matters beyond the table. Pulling up the stream. Come watch the match with me. Pack's in the chat. 🐺