Content
@
1 reply
0 recast
2 reactions
Derek
@badadvicehq
While we were just trying to recover from the ByBit hack where the hackers stole about $1.5B (some of it were recovered, about 6-7%), we were hit with Cetus hack where over $200m was stolen (over 50% of it has been frozen). This goes to show that the web3 space is still behind in security. If major CEXs or liquidity pools can be hacked, where does regular users stand? I think the focus of developers right now should be on security. How do we better security assets and transactions from getting intercepted? How can we ensure smart contracts are secure from exploits? How can we guard against networks programmable errors?
2 replies
1 recast
3 reactions
Geisha
@geisha
Don’t involve eth or humans?
1 reply
0 recast
1 reaction
Derek
@badadvicehq
🤣🤣🤣 It involves both
1 reply
0 recast
1 reaction
Geisha
@geisha
I’m not even joking . Smart contract wise eth is not the best to work with but humans are worse therefore some ai controlled permission thingy i read about. Dunno I’m not a tech.
1 reply
0 recast
1 reaction
Derek
@badadvicehq
Smart contracts are written codes and they can be exploited by those who've carefully studied them. Which is why I mentioned that security should be a major issue from developers to solve. They need to comb various languages and exploitable weakness and fix them or create new languages. Security just needs to be tighter.
1 reply
0 recast
1 reaction
Geisha
@geisha
My son a smart contract writer, bug bounty catcher etc. he’s says eth not good.
1 reply
0 recast
1 reaction
Derek
@badadvicehq
Tell your son if he can write smart contracts that are unexploitable, with any language/tech he chooses, he'll be the chosen one in Web3, an I'm not even kidding.
1 reply
0 recast
1 reaction
Geisha
@geisha
He already is 😋
1 reply
0 recast
1 reaction
