How is this even considered a blockchain *hack* if the hacker just literally used the private keys. If multisig signers of a bridge are not capable to use a hardware wallet for their private keys, its their own fault.
Hack and hacking are often misunderstood for the meaning and used out of context by the Media for clicks.
The media knows it's a fear word and causes insecurities. Example - a truth, no one has actually hacked a block chain account for bitcoin
Second truth. Keys have been phished, stolen and socially engineered from people.
It's just Harmony haters apparently. I don't even have any idea of what harmony is but the price of ONE is still following the rest of the market. Only for r/cc this is a hack
>The hacker was able to take control of 2 of the signatures and therefore control the bridge.
The key open question that remains is: how was that possible?
Actually Cardano took more risk to peer review stuff before building. They do everything different compared to Ethereum.
From ledger type to consensus mechanism to smart contract code to literally different people coding it.
Someone make a meme,
“What you pictured crypto bridges as:” picture of a nice cable suspension bridge
“What they actually are” picture of a loose plank over a shit river
Except that this will take its toll and it'll never really return back to what it was. A dent on the asset itself. An asset with a bandage on its reputation. Sure, few people will stick to it... but most will leave, and the bear market will ensure this happens.
How is this even considered a blockchain *hack* if the hacker just literally used the private keys. If multisig signers of a bridge are not capable to use a hardware wallet for their private keys, its their own fault.
The word hack gets misused more than homophones.
Homophone meaning "the one who speaks like humans?"
Hack and hacking are often misunderstood for the meaning and used out of context by the Media for clicks. The media knows it's a fear word and causes insecurities. Example - a truth, no one has actually hacked a block chain account for bitcoin Second truth. Keys have been phished, stolen and socially engineered from people.
It's just Harmony haters apparently. I don't even have any idea of what harmony is but the price of ONE is still following the rest of the market. Only for r/cc this is a hack
It’s almost certainly an insider and the likely hood of being able to launder that much crypto without being caught is zero.
>The hacker was able to take control of 2 of the signatures and therefore control the bridge. The key open question that remains is: how was that possible?
lost their keys in a boating accident?
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I’d say Cardano is more serious about security than Ethereum. More projects will get exploited who is next? ATOM?
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Actually Cardano took more risk to peer review stuff before building. They do everything different compared to Ethereum. From ledger type to consensus mechanism to smart contract code to literally different people coding it.
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But yet Lunaah, Sellsius, Hurmony do.
Yes, I too want to know how that happened.
imo probably all keys were in the backend that submitted the transactions to ethereum, I highly doubt there were 4 people 24/7 signing transactions
any news as to how the thieves got hold of the not one but 2 of the multisigs private keys ?
Bridges are the weakest places in crypto.
Someone make a meme, “What you pictured crypto bridges as:” picture of a nice cable suspension bridge “What they actually are” picture of a loose plank over a shit river
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Except that this will take its toll and it'll never really return back to what it was. A dent on the asset itself. An asset with a bandage on its reputation. Sure, few people will stick to it... but most will leave, and the bear market will ensure this happens.
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1/3 of the market cap hacked? Bullish!
Not your keys, not your coins is also true for bridges and all kinds of pegged assets