timbowhite5d ago

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 threadandai5d ago
If the admins can "lock all transactions", what's the point of it being a crypto?
Show threadanonym295d ago
Stablecoins aren't cryptocurrencies in any sense of the word. It's just electronic FIAT.
Show threadamarant5d ago

I mean they use Blockchain, right? Isn't that like the only real requirement for the name crypto?

As long as you burn as much electricity as Andorra does in a week just to make a transaction, you're probably a cryptocurrency. And that's their sole benefit it seems.

Show threadSaline9515
Most blockchains nowadays are not proof of work anymore.
Mar 24 at 12:24amWeb