Re:Envisioning Web3 | First Re:Voke and now the Re:Covery 💪

Host: Jed (@jed_131) with co-host Lyss (@Lysss302) · Fri, 25 Sep 2026 · 1:19:00 · ~12 speakers

TL;DR

• The show moved two hours earlier than usual as an emergency drop-in after a Magic Eden payment processor v2 exploit drained wallets overnight. Jed woke at 7am to find four of his Quirkies gone [1:35].
• Lyss gave the clearest rundown in the room: the bug was abused slowly over 12 hours, 0xQuit found it, Limit Break paused v3, and a white-hat operation pulled 23,000+ NFTs ($6M) into a safe wallet. WETH was the weak spot — roughly $2M gone [12:19] [13:46].
• Single loudest takeaway, repeated by everyone: go to revoke.cash, revoke across chains (ETH, Base, ApeChain), and use delegate.xyz where you can [20:26] [32:53].
• Chicken Wizard explained the rescue mechanics — the white hat used the same exploit to front-run the attacker out of the assets [29:39].
• It was also Yot's birthday, which the room decided was reason enough to pivot from post-mortem to party around the half-hour mark [36:28].
• Jed closed with an idea rather than a eulogy: pool small donations to buy back and return a few assets to the communities that got hit hardest [1:17:46].

Highlights

[1:35] The reason the space exists. Jed opened mid-connection-issue, on no sleep: "I got up at seven to the hack and realized that four of my quirkies are gone." He and Lyss moved their noon slot up because it didn't feel right to make people wait for a room to land in.

[10:57] "Welcome to Web3." After the music break, Jed framed the day as a near-miss black swan — in his read, if the exploit had run its course it could have reset NFTs to zero and taken years to recover from.

[12:19] Lyss's incident summary. The most useful five minutes in the room: the exploit started quietly with Meebits, Deeds, World of Women and Deadfellaz-era assets, went unnoticed for about 12 hours, and was escalated to Limit Break and Magic Eden after 0xQuit was pinged. V3 was pausable; v2 wasn't, so the only protection was the white-hat sweep — 23,000+ NFTs, over $6M. WETH couldn't be secured as fast [13:46].

[14:38] Worst birthday timing available. Yot, celebrating, on waking to the news: "I can promise everyone this wasn't me. I didn't fancy treating myself in this way." He added an odd historical footnote — Fugs had once pushed Magic Eden on enforced royalties and been declined, which may be part of why Fugs came through largely untouched.

[25:04] Dan on what happens after. The Regen Noir dev, drained himself last October, said the thing he hadn't expected was people rallying — returning assets, helping others buy back in. It's what kept him in the space, and his ask was simple: if you can help someone today, help them. He also flagged multisig vaults as a cold-storage alternative.

[25:47] Burningbush on not living in it. He'd already had three people text asking him to spin up a space that wasn't about the hack. His take: be diligent, revoke, and then "reset, refocus, realign" and keep building — with the caveat that they'd be in the room today either way.

[29:39] How you save 23,000 NFTs. Chicken Wizard walked through the white-hat logic — same vulnerability, weaponized in the other direction, likely with fee-priority games to win transaction ordering. His practical advice: only keep approvals live while you're actually trading, and don't assume a hardware wallet saves you if the approval is signed from it.

[37:22] The room's honest confession. Yot, deadpan: 0xQuit has achieved godly status, and also denied a great many people generational entries at 50% off. Jed confirmed his DMs were full of people asking which Creeps traits were rare — "you guys are fucking diabolical, man" — before Chicken Wizard took the moral high ground for approximately 38 seconds and then admitted he was looking at a Creep on the floor "right now" [57:29].

[40:37] Why you're here, according to Burningbush. A full Friday sermon on the actual product NFTs sell: inside jokes and computer friends. "If you do not have any friends, you have come to the right place. We don't either. That's why we're here."

[52:58] Chicken Wizard, allegedly CIA. A long, escalating bit built out of Chicken Wizard's travel history and Burningbush's Regen Noir "character research," with Vinyl joining from Mexico to file a formal complaint that his assigned agent never showed up to play Terraforming Mars [54:50]. Chicken Wizard reported actual tears.

[1:10:45] BLU's 27th wedding anniversary. A genuine bright spot dropped into a rough morning — steakhouse, casino at National Harbor, and a line about feeling more fortunate than he deserves. Lyss's congratulations ("you've been married almost as long as I've been alive") triggered a brief, spirited dispute about her age [1:11:33].

[1:07:58] Lyss draws the line carefully. A clarification worth hearing: pivoting to good energy isn't minimizing what happened. Anyone still hurting could talk about it on mic or in her DMs — and if you're just cranky and taking it out on the space, that's allowed too.

Topic timeline

Notable quotes

• "Not only do we work for bullshit pay, but we also get drained. Welcome to Web3." — Jed [10:57]
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  0:38
• "Today will forever be known to me as a national 0xQuit day." — Jed [16:38]
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  0:38
• "Quit like has achieved godly status for this, but as long as we are having a laugh about it, at the same time, he has denied a fucking lot of us generational entries on some amazing collections." — Yot [37:22]
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  0:38
• "If you do not have any friends, you have come to the right place. We don't either. That's why we're here." — Burningbush [40:37]
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  0:38
• "Man, just call this man Aladdin because he'd be rugging." — Burningbush, on Dan's mic [50:49]
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  0:38
• "Lessons learned. And we move on or we fug on." — DaFameless [1:04:15]
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  0:38

Who said what

• Jed (@jed_131) — Host. Opened early and on no sleep, framed the day as a preventable catastrophe that got prevented, kept the tone moving from mourning to party, floated a community buy-back fund at the end.
• Lyss (@Lysss302) — Co-host. Delivered the clearest technical timeline of the exploit and the rescue, ran the "reset, refocus, realign" framing, and explicitly held space for anyone still hurting.
• Yot (@yotdog69) — Birthday boy. Fugs context on Magic Eden royalties, steak dinner plans, and the room's most honest joke about the white hat costing everyone their discount entries.
• Burningbush (@BurningBush_eth) — Called for not letting every space be consumed by the hack, then proved it with a Friday motivational riff, Regen Noir lore threats, and golf logistics.
• Chicken Wizard (@ChickenWizardX) — Resident tech explainer: old unpatched contracts, unlimited approvals, delegate.xyz, and how the white hat used the exploit against itself. Also the unwilling star of the CIA bit.
• Dan (@brokenrealitydh) — Regen Noir dev, joining through bad service. Multisig vaults, cross-chain revoking, and a first-hand account of being drained and rebuilt by the community.
• zGhostin (@zGhostin) — Revokes his hot wallet every couple of days and thinks you should too; fifty cents beats forgetting about an approval.
• Vinyl (@0x_Vinyl) — Auditing older marketplace contracts for similar vulnerabilities to report to the Ape team; also lodged the CIA complaint and ran Jed through pozole preferences.
• DaFameless (@DaFameless) — Woke up to drained Base and WETH, kept it light: it was only a few burgers, and we fug on.
• BLU (@Ur_Boy_BLU) — Brought the good news: 27th wedding anniversary, big night planned, chins up and boots strapped.
• SpaceKitty (@SpaceKittyXD) — Popped in purely to say hi and to note that asking a room of degens what they're doing for a birthday is a brave question [39:31].

Worth a full listen

• [12:19] – [14:32] — Lyss's uninterrupted walkthrough of the exploit, the pause on v3, and the rescue numbers. If you only replay one stretch, make it this one.
• [28:32] – [34:21] — Chicken Wizard on how the white hat worked and, more usefully, how to keep approvals from being the thing that ends you. Practical and non-preachy.
• [52:58] – [56:22] — The CIA tangent in full. Burningbush's Regen Noir character research meets Chicken Wizard's travel history meets Vinyl's abandoned board-game night; a summary can't carry the escalation.