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
If the admins can "lock all transactions", what's the point of it being a crypto?

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.

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.

Very much this, it’s all the technical rigour, code debt, and none of controls/reversibility.

At least when I report fraud to credit card or my bank, they can stop or undo/chargeback a transaction.