timbowhiteMar 23

The Resolv hack: How one compromised key printed $23M

https://www.chainalysis.com/blog/lessons-from-the-resolv-hack/

The Resolv Hack: How One Compromised Key Printed $23 Million

Web3 security lessons from the Resolv hack: how a compromised key enabled a $23M exploit, what went wrong, and how DeFi protocols can prevent similar attacks.

Chainalysis
Show threadandaiMar 23
If the admins can "lock all transactions", what's the point of it being a crypto?
Show thread0x3fMar 23

I don't know how this specific thing works, but I don't really see any fundamental problem with mixing and matching. If you believe in the benefits of crypto, then 50% crypto is still possibly better than 0%.

It's not like I forgo a lock on my front door just because my windows are made of glass.

Show threadmnkyprskbdMar 23

Currency isn't a homebrew computer or backyard car project; it is either centralised or not; there is no in between.

Blockchain with central authority is the worst of both worlds.

Show threadstan3223
And if it is centralised, what is the point of blockchain? Just run it out a Postgres database.
Mar 23 at 11:44pmWeb