Reddit Posts
The hacker who stole $3.5m from the NIRVANA protocol is close to being identified
Mentions
Sounds exactly like Nirvana code. NIRV was the stable backed by collateral. The entire platform launched. It ran up to $25. Price faded for many months. Hacked.
Someone in a different thread said there were 2 coins NIRV = $1 ANA = Market Decides But rip to it now
NIRV was the stable coin (actually called it a “super” stable coin lmao) and ANA was their “store of wealth” coin. So NIRV was pegged to 1 USD while ANA had no peg which is why it was at $9 before the exploit.
>The Nirvana protocol produces twin tokens with two distinct purposes, working in concert to build a sustainable, algorithmic store of wealth that supports a decentralized, superstable currency. > > > >The Nirvana protocol produces the NIRV and ANA tokens on the Solana blockchain. ANA is the first metastable token with a rising floor – a store of wealth with permanent gains, limited downside, and unlimited growth. NIRV is powered by ANA's reserves. It is a decentralized superstable coin with low risk through its diversified backing. If this thing had any more redflags it'd be marching in front of Stalin in a parade. This will absolutely not, 100% no way, go tits up.