SafeDollar ‘stablecoin’ drops to $0 following DeFi exploit on Polygon

Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by rawtxapp on Monday June 28, 2021 @03:23PM (#27666536)

The bugs found in smart contracts equal large sums of money right away unlike 0-days in OSes or other systems where the link is much more indirect. For example, if you find a 0-day on Windows, sure you might sell it for 7-8 figures on the black market, if you found a bug on maker (or any of the big contracts), you could walk away with billions of dollars in a practically untraceable way.

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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by doesnotexist on Monday June 28, 2021 @03:27PM (#27666613)

https://en.wikipedia.org/wiki/Market_for_zero-day_exploits#M... The wikipedia entry on this is a bit misleading or misinformed. As there are multiple above ground buyers for 0-days that have no interest in making it difficult for people to sell to them.

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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by reidjs on Monday June 28, 2021 @07:14PM (#27669558)

There's still a middle-man to deal with in that process. In this case, you extract a decent amount of 'money' directly.

Would you rather win $100 and have to make a phone call to claim it, or find a $100 bill on the street?

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