@frmartin
Answers for the Quest "Wrench Attacks in Crypto" in Certik
(https://skynet.certik.com/quest/wrench-attacks-in-crypto?referralId=14491973336496447133)
1. Why are wrench attacks becoming more common?
- On-chain wealth is transparent and crypto is irreversible
2. Which of the following is NOT a good way to reduce wrench attack risks?
- Posting wallet balances online
3. How does a multisig wallet help defend against wrench attacks?
- It prevents any single person from accessing funds alone
4. What is the primary benefit of using time locks in smart contracts?
- Buys time before large withdrawals execute